Quality financial reporting and government’s role in developing this was at
the top of the agenda at a workshop held in Nairobi last week.
The Learning Africa Region Workshop, co-sponsored by the International
Federation of Accountants, the African Development Bank, and the World Bank,
attracted more than 200 participants from governments, auditing professionals
and academia across 37 countries.
Discussions focused on achieving quality reporting and entrenching and
sustaining good governance and ethics.
Recommendations that emerged included the reformation of institutional
frameworks for corporate reporting, building accountancy capacity in the private
and public sectors, and establishing educational guidelines for accounting
One of the major outcomes of the Workshop was the establishment of an Africa
Focus Group that will coordinate dissemination and follow-up activities for the
recommendations identified at the Workshop.
IFAC chairman, Ndung’u Gathinji, said the workshop represented the first
major collaborative effort between IFAC and development agencies.
‘It is essential that the organisations represented at the Workshop work
together to address the recommendations that have been put forth,’ he said.
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