Day2 sp2-2 presentation-icgfm_may2014tonyhegarty_en
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Day2 sp2-2 presentation-icgfm_may2014tonyhegarty_en

Day2 sp2-2 presentation-icgfm_may2014tonyhegarty_en

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Day2 sp2-2 presentation-icgfm_may2014tonyhegarty_en Day2 sp2-2 presentation-icgfm_may2014tonyhegarty_en Presentation Transcript

  • 1 Tony Hegarty Vickson Ncube Role of the Accountancy Profession in Economic Development Miami, USA May, 2014
  • Poverty 70% of the world’s poor live in middle income countries More than 1 billion people go to bed hungry every night 2
  • Global Aid Flows 3Over 3 years
  • How is the Accountancy Profession Contributing? 4
  • 5 Poverty Alleviation High-Quality Financial Management, Reporting & Auditing Attracting Foreign Direct Investment Transparency & Accountability Development & Delivery of Public Services Growth & Development of the SME Sector Enhancing the Effectiveness of Foreign Aid Country Capacity Global Standards Contribution of PAOs
  • Is the Accountancy Profession delivering? 6
  • Learning from Available Diagnostics 7
  • LOOKING FORWARD: QUO VADIS? 8
  • PAOs Reliable Accounting, Reporting and Auditing Economic Growth 9 Poverty Reduction Making a difference to the lives of citizens
  • 1010 From Diagnostics to Sustainable Capacity Building HOW CAN WE ACCELERATE? DIAGNOSTICS TO IMPLEMENTATION FOR RESULTS (INTEGRATED APPROACH)
  • Statutory Framework Monitoring & Enforcement Education & Training Accounting Profession & Ethics Accounting Standards Auditing Standards ACCOUNTANCY PROFESSION 11
  • Global Strategic Partnerships 12 OECD-DAC MDB PEFA UN FM Agreement Professional Organizations INTOSAI IFAC IASB IADB AsDB AfDB IsDB WB
  • MOU: INTOSAI and Donors 13 Historic MOU between INTOSAI and 16 donors signed
  • 14 Historic MOU between IFAC and 10 donors signed MOU: IFAC and Donors
  • 15 Statutory Framework Accountancy Education & Training Accountancy Profession & Ethics Accounting Standards and Practice Auditing Standards and Practice Monitoring, Enforcement & Oversight Counterparts and Donors: Capacity Building
  • 16 PARTNERING FOR RESULTS: LEARNING FROM THE PAST, BUILDING THE FUTURE