Accountants task incoming govt on tax, others
Atripartite challenge bothering on taxation, anti-corruption campaign and employment generation have been laid on the incoming government of Gen. Muhammadu Buhari, by the Association of National Accountants of Nigeria (ANAN).
The accounting body, besides prescribing effective diversification strategy and braod based taxation for improved revenue generation, urged the new administration to brace up for enthronement of a regime of fairness, justice and equity in all processes.
The immediate past President of the association, Dr. Sakirudeen Labode, who made the charge in his valedictory address at the 33rd yearly general meeting and hand-over ceremony of the association in Abuja, said the body has however, certified a large number of accountants the new administration would need to prosecute their development agenda.
“The government must as much as possible encourage taxable entities, groups and individuals to keep proper financial records and get such financial records certified by qualified professional auditors.
“The issue of corruption should be dealt with as a matter of priority. We, however, advice that due process should be observed at all times in our quest to deal with this monster. Employment generating projects should be pursued. This will curb the menace of unemployment and crime, ‘’ Labode said.
He said that the association, in its continuous quest for excellence, has become a full-fledged member of the International Federation of Accountants (IFAC), with holistic review of the curriculum of the Nigerian College of Accountancy (NCA) Jos, to meet the requirements of International Accountants Education Standard Board (IAESB).
According to him, between 2013 and 2015, 56 new firms were licensed to practice and 86 members were issued with practicing certificates, totaling 282 licensed firms and 506 certified practitioners.
Labode said that to expand its scope, the association had launched online International Public Sector Accounting Standard (IPSAS) online certification course.
This, he said, was done in collaboration with our twinning partner- the Institute of Certified Public Accountants of Ireland (CPA Ireland) in November 2014 during the World Congress of Accountants in Rome, Italy.
“ANAN members wishing to be admitted into CIMA membership will be granted exemptions in a number of papers and will be required to write few papers. CIMA members wishing to join ANAN are treated likewise,’’ he said.
Already, the association maintains active participation with IFAC, Pan African Federation of Accountants (PAFA), Edinburg Group (EG), International Association for Accounting Education and Research (IAAER), and Association of Accounting Bodies in West Africa (ABWA).
Union Bank posts N4.94 billion profit before tax in Q1
Airline operators urge President-Elect to abolish multiple taxation on local airlines
FIRS To Collaborate With Financial Institutions On Tax Collection