Current Projects

Bukino Faso

The outbreak of the COVID-19 pandemic has emphasised the need for efficient and impactful health financing and underscored the importance of the health sector in driving economic progress. The effective management of public and private sector health financing is critical to building strong, sustainable, and efficient health systems (and thus resilient economies).

In June 2021, as a lever to address this challenge, the International Federation of Accountants (IFAC) signed a Memorandum of Understanding (MOU) with Gavi – The Vaccine Alliance and The Global Fund. Both organisations invest in Public Financial Management (PFM) and acknowledge the role of accountancy capacity in maximising the effectiveness and impact of their lifesaving disbursements and mitigating the risks of fraud and misappropriation of funds. The MOU therefore aims to build the capacity of Professional Accountancy Organisations (PAOs) and their members to support resilient and sustainable health sector systems in lower-income countries. Implementation of the MOU started in two pilot countries, including Burkina Faso.

IFAC—in consultation with Gavi and The Global Fund—selected the following project components, which are considered most relevant to the objective of the MOU:

  • Implementing the Accelerated Learning Programme of the African Professionalisation Initiative
  • Translating the latest edition of the International Ethics Standards Board for Accountants (IESBA) Code of Ethics for Professional Accountants and developing related training material
  • Strengthening the Investigation and Disciplinary (I & D) Systems by aligning it with international best practices and developing related training material
  • Developing a Continuing Professional Development programme to develop future-fit professional accountants for the private and public sectors

Ghana

The outbreak of the COVID-19 pandemic has emphasised the need for efficient and impactful health financing and underscored the importance of the health sector in driving economic progress. The effective management of public and private sector health financing is critical to building strong, sustainable, and efficient health systems (and thus resilient economies).

In June 2021, as a lever to address this challenge, IFAC signed a Memorandum of Understanding (MOU) with Gavi and The Global Fund. Both organisations invest in Public Financial Management (PFM) and acknowledge the role of accountancy capacity in maximising the effectiveness and impact of their lifesaving disbursements and mitigating the risks of fraud and misappropriation of funds. The MOU therefore aims to build the capacity of PAOs and their members to support resilient and sustainable health sector systems in lower-income countries. Implementation of the MOU started in two pilot countries, including Ghana.

IFAC—in consultation with Gavi and The Global Fund—selected the following project components, which are considered most relevant to the objective of the MOU:

  • Updating ICAG’s professional qualification, including the public sector component, generally for developments in accountancy and more specifically with health sector elements; and training of trainers and examiners in the updated professional qualification
  • Updating ICAG’s ICT system, including the digitalisation of its learning & development system to deliver the updated professional qualification more effectively
  • Updating the manuals and other resources of ICAG’s Quality Assurance Monitoring (QAM) Unit, considering the new International Standards on Quality Management and ISA 220 (Revised); and training the Monitors and QAM Unit.