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PAFA encourages African accountants to build closer relationships with governments

by , 18 January 2013
Accountants tend to work on own steam, and panic when they need input from government. The president of the Pan African Federation of Accountants (PAFA), Major-General Sebastian Owuama, says accountants have a vital role to play in enabling Africa's growth. He gives tips on how you can develop effective and innovative ways to work with the continent's governments, as this will lead to greater economic development.

Speaking during the recent conference hosted in Cape Town by PAFA, Owuama, said: 'PAFA believes that good governance, accountability, good financial management and transparency are principal pillars in the acceleration of economic development and the reduction of poverty.'

Clearly, these principles must govern economic activity within the private sector in order to build a stable and growing economy. They also need to become part of the way that a government conducts its own affairs and governs the country.

Accountants should build links with government institutions to deliver value

'As an organisation, we need to find ways in which to help accountants play a meaningful role in promoting good governance, accountability, good financial management and transparency within government,' says Vickson Ncube, CEO of PAFA. 'I believe the best way is by establishing productive links with key government institutions like the treasury, the auditor general and so on—to be seen to be delivering value, not just criticism.'

Here's how PAFA will facilitate the link-building:

Ncube says that PAFA is also talking to the World Bank and the African Development Bank, so that when they interact with African governments they also drive home the message that accountants can help them achieve their developmental goals by helping to strengthen the pillars of good governance, accountability, good financial management and transparency.

At a regional level, the South African Institute of Professional Accountants (SAIPA) has put its weight behind PAFA's strategy. 'Accountants indeed play a pivotal role in driving economic growth—and in helping to create the right conditions for it to happen,' says Shahied Daniels, CEO of SAIPA.

'We have always tried to establish a productive working relationship with government with the goal of supporting these four principles, and so enabling economic growth and the alleviation of poverty. We will redouble our efforts to complement PAFA's strategy.'

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Source:

  • Press release from Anita van der Berg of PR Republic

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