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IFAC, ANAN laud reforms in public sector financial reporting


Photo: cold-fusion

Photo: cold-fusion

The International Federation of Accountants (IFAC) and the Association of National Accountants of Nigeria (ANAN), has commended the country’s reforms in the public sector financial reporting.

The development, according to the accounting bodies, is capable of enthroning am regime of fiscal responsibility, transparency and informed decision making for the good of all.
The Chief Operating Officer of IFAC, Ms Alta Prinsloo, gave the commendation on arrival in Nigeria with the Accountability Now Leader of IFAC, Vincent Tophoff, on the invitation of ANAN

She pointed out that this will give rise to improved public services which will enhance the citizen’s trust in government.

“Nigeria has to be commended for the fact that it is reforming Public Sector Financial Reporting. IFAC believes that if there is sound public financial management of which financial reporting is the cornerstone, there will be improved decision making in government,’’ Prisloo said.

The IFAC chiefs also commended ANAN for contributing to the public sector’s capacity building.

Prinsloo, who described ANAN as an important member of IFAC, noted that the international body was really honoured and privileged to be with Nigerian counterpart to look at the good works in relation to financial reporting.

She said the accountancy profession “is an important partner to government on this journey of public financial reporting’’.

According to her, it had always been the wish of African accountants to do what was right, adding that each time she left an African country, she felt proud of being an accountant.

IFAC officials were invited to visit ANAN’s establishments, including the Nigerian College of Accountancy (NCA) Jos, the training arm of the association and take part in a one-day workshop titled: “Making Change Happen in the Public Sector’’, in Abuja, tomorrow.

The workshop is jointly organised by the Office of the Accountant-General of the Federation and ANAN in collaboration with IFAC.

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