Mr President Muhammadu Buhari who was represented by the Permanent Secretary, Federal Ministry of Finance, Mrs. Anastasia Nwaobia at the just concluded annual conference of the association of national accountant(ANAN)told professional accountants that the Federal Government desires accelerated economic development and prudent management of public funds.
In a statement given at the Annual National Conference of the Association of National Accountants of Nigeria, held at the International Conference Centre, Abuja between 26th -29th of this month,Mrs. Anastasia Nwaobia representative of Mr President said it was important that accountants and holders of public office should uphold the standards and professional ethics in the prudent management of pubic funds.
He urged accountants to also design a robust model for proper accounting of resource utilisation, financial reporting and performance evaluation.
“Our statute books are replete with laws, rules and regulations for accountants and accounting practice but we have been unable to arrest the tide of unbridled corruption which is largely aided by unethical practices by those whose duty it is to uphold public trust.
“In recognition of this situation, government put in place several initiatives in the public financial management system, namely GIFMIS, IPPIS, IPSAS and more recently, the Treasury Single Account for which I demand faithful implementation,’’ The President stressed the need for the accountants “to partner the government in instituting a system which is performance-focused and sensitive to the best professional standards in revenue mapping and capturing.”He also mentioned the need to partner in expenditure profiling, financial records management and fiscal discipline.
This year's theme for the conference was ''Value Creation and the Relevance of the Professional Accountant''
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