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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
Transpa...
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 c...
1010
From
Diagnostics to Sustainable
Capacity
Building
HOW CAN WE ACCELERATE?
DIAGNOSTICS TO IMPLEMENTATION FOR RESULTS
(I...
Statutory
Framework
Monitoring &
Enforcement
Education &
Training
Accounting
Profession &
Ethics
Accounting
Standards
Audi...
Global Strategic Partnerships
12
OECD-DAC
MDB
PEFA
UN FM
Agreement
Professional
Organizations
INTOSAI
IFAC
IASB
IADB
AsDB
...
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
...
16
PARTNERING FOR RESULTS:
LEARNING FROM THE PAST, BUILDING THE FUTURE
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Day2 sp2-2 presentation-icgfm_may2014tonyhegarty_en

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Transcript of "Day2 sp2-2 presentation-icgfm_may2014tonyhegarty_en"

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