The role of an Accountant in Ensuring Transparency and Accountability

Transcription

1 The role of an Accountant in Ensuring Transparency and Accountability Presenter: CPA Derick Nkajja Institute of Certified Public Accountants of Uganda 27 February 2017

2 THE ROLE OF AN ACCOUNTANT IN ENSURING TRANSPARENCY AND ACCOUNTABILITY IN PFM Where I come from Who an Accountant is Transparency & Accountability Public Financial Reporting for accountability The role of an Accountant in PFM

3 WHERE I COME FROM Uganda lies across the Equator, with snow capped mountains the Rwenzori mountain ranges. The Institute of Certified Public Accountants of Uganda (ICPAU) was established by in 1992 by an Act of Parliament. ICPAU s statutory functions are: To regulate and maintain the Standard of Accountancy in Uganda To prescribe and regulate the conduct of accountants and practicing accountants in Uganda

4 IFAC s Voice

5 WHO AN ACCOUNTANT IS Creators of Value Enablers of Value Presenters of Value Reporters of Value

6 Accountancy Framework SMO1 : Quality Assurance SMO2 : Education SMO3 : Standard on Auditing / ISA SMO4 : Ethics SMO5 : Public Sector Standards SMO6 : Investigation & Discipline

7 Transparency TRANSPARENCY & ACCOUNTABILITY The quality or state of being transparent Honesty and openness The quality of being seen through Accountability The obligation of an individual or organisation to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner

8 Enhanced Public Financial Reporting for Accountability Good PFR provides leaders with information thus contributing to Enhanced decision making Enhanced use of public resources Enhanced quantity and quality of public services Drives performance Builds trust in (for) government It can change the lives of poor communities Thus, it is much more than accountancy

9 Enhanced Public Financial Reporting for Accountability Do Ethics Matter? The Public entrusts tax payers funds to the government and expects the funds to be used appropriately Are appropriate attitudes and behaviours always culturally embedded? Strong ethical values play a critical role in supporting transparen and accountability

10 Accountants Role in PFM Major Actors in PFM include; Accountant General s Office Treasury/Accounts Dept. Internal Audit /Treasury Inspectorate Office of the Auditor General Local Government Inspectorate Successful economies tend to have a strong correlation between the government and the accountancy profession

11 Accountants Role in PFM Effective Supreme Audit Institutions Its important to ensure that national government auditor / Office of the Auditor General; Is adequately resourced Has appropriate independence arrangements Provides various types of audit, such as financial, performance, VFM and forensic /investigative audits

12 Accountants Role in PFM At the national level Advocacy Make public statements Establish a coalition Promote a sound legal framework for a sound PFM Advise on the development of legal framework Advise on the implementation of PFM reforms Promote and support the adoption of IPSAS Build accountancy capacity to handle public sector issues Lastly, but most important act in public interest

13 Questions & Discussion I thank You for listening

14 4 th Africa Congress of Accountants (ACOA) Organisers: Dates: 2-5 May 2017 Venue: Speke Resort Munyonyo, Kampala, Uganda Registration: Online Payment methods: Debit card or TT

15 4 th Africa Congress of Accountants (ACOA)

16 Accommodation (a) Speke Resort Munyonyo : Single occupancy (B&B): USD 100 Double occupancy (B&B): USD 125 (b) Other hotels check out the website Visas: Use electronic visa application platform acoa2017@icpau.co.ug Tel:

17 Questions & Discussion I thank You for listening Questions & Discussions