Day2 sp2-2 presentation-icgfm_may2014tonyhegarty_en

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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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