08 OCTOBER 2018
PAFA, AFROSAI-E, AND ESAAG SIGN MOU ON THE ‘AFRICA PROFESSIONALISATION INITIATIVE’ PLATFORM TO IMPLEMENT A STRATEGY TO PROFESSIONALISE PUBLIC SECTOR ACCOUNTANCY AND AUDITING IN AFRICA
Nairobi Kenya, 08 October 2018, the Pan African Federation of Accountants (PAFA), The African Organisation of English-Speaking Supreme Audit Institutions (AFROSAI-E), and the East and Southern African Association of Accountants General (ESAAG) sign a Memorandum of Understanding (MoU) on the ‘Africa Professionnalisation Initiative’ platform to implement a strategy to professionalise public sector accountancy and auditing in Africa.
The ‘Africa Professionalisation Initiative’ aligns to the overarching vision of the African Union’s Agenda 2063, and envisages the establishment of new structures to enhance professionalisation efforts across the continent. The MoU was signed by the Chief Executive Officers of respective organisations; Vickson Ncube of PAFA, Meisie Nkau of AFROSAI-E, and Kenneth Hlasa of ESAAG. The signing ceremony took place at the Hilton Hotel in Nairobi Kenya.
Ms. Meisie Nkau, CEO AFROSAI-E said; “This initiative presents an opportunity for governments, supreme audit institutions and professional accounting organizations to collaborate to build accountancy capacity across the public sector. Professional capacity is critical to ensuring effective and efficient utilization of public resources to enhance service delivery, in the public interest."
ESAAG CEO, Mr. Kenneth Hlasa added; “Our members face an ongoing challenge to deliver on the increasing demands of PFM with seemingly decreasing capacity of skilled professionals. This initiative will be key to bringing about structural change to develop a continuous pipeline of competent professional public accountants to support high quality PFM.”
In his remarks the PAFA CEO, Mr. Vickson Ncube concluded; The Africa We Want - as envisioned by Agenda2063 will only be released through collaborative efforts from all Africans from various walks of life. This calls for an Integrated Thinking approach that focuses on the transformation of resources into value. It puts Africa’s citizens at the centre of all endeavors. The effective transformation of resources and value creation for the benefit of Africa’s citizens will require the building of competences in accounting and auditing in the public sector. The ‘Africa Professionnalisation Initiative’ aims to contribute towards the building of the required competences.
CHIEF EXECUTIVE OFFICER