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OVERVIEW OF THE INITIATIVE

THE ISSUE

The African public sector experiences a severe shortage of professional accountants and auditors (generally referred to as “accountants”). Professional accountants that are in government have typically only been exposed to private sector theory during their initial professional development. They often lack an understanding of public sector challenges and expectations relating to their position.

WITHOUT SUFFICIENT PROFESSIONAL ACCOUNTANTS, AFRICAN STATES ARE VULNERABLE TO EXPLOITATION AND CORRUPTION.

THE GOAL

Grow the capacity of professional accountants and auditors who are equipped to support accountability, transparency and good governance in the public sector

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THE VALUE PROFESSIONAL ACCOUNTANTS BRING THE PUBLIC SECTOR

Scale

Balance regulation and policy with political objectives

Direction

Make and support sound and informed decision-making

Plant

Ensure economic growth without burdening future generations with public debt

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Act as guardians against corruption, illicit financial flows and exploitation of resources

Man

Enhance the accountability of government

Dice

Ensure that foreign investment benefits the country

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TO DELIVER ON THIS MANDATE, THE PUBLIC SECTOR ACCOUNTANT REQUIRES A DEEP UNDERSTANDING OF:

  • The legislative environment
  • The structure of the local public sector
  • Fiscal governance
  • Public financial and performance management
  • Applicable public sector accounting standards such as the IPSAS
  • [For external auditors] International auditing standards applicable to supreme audit institutions (ISSAIs)

OBJECTIVES OF THE INITIATIVE

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Coordinate efforts to professionalise public sector accounting and auditing

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Define minimum requirements for accountancy qualifications that address the needs of the public sector

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Invest in generic curricula and learning materials

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Develop implementation guidance for country-level implementations

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Advocate for the role of the accounting profession in the public sector

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Develop accelerated learning programmes for incumbents

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Mobilise funding for countries to implement accredited professional qualifications

EXPECTED OUTCOMES

OUTPUT:

Enhanced accountability, transparency and good governance in the public sector.

OUTCOME:

Public funds being used efficiently, effectively and economically to improve the lives of citizens

POTENTIAL VALUE CREATED MAY INCLUDE:

GOVERNMENT AND OTHER STAKEHOLDERS


protecting resources and attracting foreign investment

DEVELOPMENT
PARTNERS


reliable information and stronger in-country PFM systems

CITIZENS, CIVIL SOCIETY AND OTHER STAKEHOLDERS


high quality reporting on government performance

USERS OF
PUBLIC SERVICES


effective resource management and usage

BUSINESSES
AND FIRMS


more efficient and effective government

POOR AND DISADVANTAGED CITIZENS


enhanced service delivery and developmental efforts

GOVERNMENT MANAGERS AND OTHER PERSONNEL


improved skills training, job performance and career progression

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THE BURNING QUESTIONS

Working together

THE VISION CAN ONLY BE ACHIEVED IF ALL RELEVANT STAKEHOLDERS WORK IN PARTNERSHIP.

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