ACCA and AGP join forces to professionalise public sector finance

ACCA (the Association of Chartered Certified Accountants) and the Auditor General of Pakistan (AGP) signed a Memorandum of Understanding (MoU) marking a landmark agreement between the two organisations.

The key focus areas under the MOU include joint initiatives to strengthen the capacity building of public sector finance professionals and to support the Public Financial Management (PFM) transformation in Pakistan. AGP and ACCA will also collaborate on specialised training opportunities, including cyber security, data analytics and ERP, which will be delivered through ACCA’s global accountancy partnerships and international academic network.

At the MoU signing ceremony, ACCA President, Joseph Owolabi, also presented ACCA’s Approved Employer accreditation to the Auditor General of Pakistan, recognising AGP’s high standards of staff training and development. ACCA’s Approved Employer status will ensure AGP has access to ACCA’s globally sought-after talent with the right skills, ethics and competencies to drive AGP’s vision of a model supreme audit institution adding value to national resources.

Speaking at the occasion, the Auditor General of Pakistan, Muhammad Ajmal Gondal, stated:

‘I congratulate DAGP and ACCA on the signing of this MoU. This memorandum will cement the on-going collaboration between AGP and ACCA on various initiatives thus far. The MoU lays down the guiding principles of varied initiatives including capacity building to benefit the public sector in serving the nation by promoting accountability, transparency and good governance in the management and use of public resources.’

‘This MoU with ACCA will go a long way to further the Government’s vision of public sector transformation (in particular, public financial management) and professionalisation of public sector audit and accountancy professionals.’

ACCA president, Joseph Owolabi,commented: ‘We’re delighted to formalise our partnership with DAGP through this MoU aimed at promoting professionalisation of public sector finance professionals in Pakistan. This is key to empowering public servants for effective public financial management, improving fiscal transparency and enhancing public trust. I’d also like to take this opportunity to congratulate DAGP on their Approved Employer accreditation, which is a recongition of their highest levels of employee support. I’m certain the cooperation between ACCA and AGP will bring positive change.’

Assad Hameed Khan, head of ACCA Pakistan, commented that this partnership will also support in the acceleration of Government’s efforts to modernise PFM, improve delivery of essential public services and garner public trust. The mutual cooperation will not only help upskill public sector finance professionals, but also to spotlight their professional role towards sustainable and inclusive economic development.

Comments

47% of Asia Pac businesses have no emissions plan in place despite the climate emergency, reveals new report from ACCA, IFAC and PwC

As world leaders gather for COP 28, ACCA (the Association of Chartered Accountants), IFAC (the International Federation of Accountants) and professional services firm PwC released a new report: The role of the CFO and finance function in the climate transition: driving value and sustainability, based on a survey of 1,000 senior finance professionals around the world. The research reveals 47% of respondents in the Asia Pacific region have yet to produce a plan for reducing their carbon emissions. Alarmingly, 69% of those respondents without an emissions plan say they currently have no intention of developing one. This compares with global figures of 46% of respondents who have yet to prepare an emissions plan and 70% of those say they currently have no intention of developing one. The report also says that that involving CFOs and finance teams in the emissions reduction planning is likely to accelerate progress. They should embrace this because, although they may not

Peshawar Zalmi Releases "Zalmi Raalal" Official Anthem Powered by TCL

TCL, Pakistan's No.1 LED TV Brand, in collaboration with Peshawar Zalmi, has released their most awaited anthem for PSL 8, " Zalmi Raalal ". Directed by the maestro Hassan Dawar himself, "Zalmi Raalal" is a star-studded, power-packed amalgamation of music, fashion, and sports, the three foremost passion points of Peshawar Zalmi. Produced by Naughty Boy, who has worked in the global music industry with the likes of Beyoncé, Wiz Khalifa, and Sam Smith, the music video features cricket's biggest superstars Darren Sammy and Babar Azam, as well as Pakistan's biggest celebrities Mahira Khan and Hamza Ali Abbasi. Peshawar Zalmi's official anthem for 2023, "Zalmi Raalal", is an ode to passion, a story entailing the beauty and power of the KP region and its people. The anthem has crossed one million views on all online platforms since its release, and the number is increasing fast. The star-studded and narrative-centric anthem feature

Economic confidence among finance professionals edges higher globally despite big fall in North America

The latest ACCA (the Association of Chartered Certified Accountants) and IMA ® (Institute of Management Accountants)  Global Economic Conditions Survey (GECS) suggests that confidence among accountants and finance professionals edged slightly higher in Q2 2024 and is just above its historical average. For chief financial officers (CFOs), all the key global indicators rose, with sharp gains evident in the New Orders and Capital Expenditure indices. There were some notable regional differences . Western Europe-based accountants reported another decent increase in confidence as the euro area and UK economies continue to stage recoveries. Even Asia Pacific saw a small rise off the back of a huge gain previously, and the New Orders Index increased strongly. The region is benefitting from improvements in the global economy, including in the manufacturing sector and the upward moving technology cycle. However, North America’s financial professio

News Herald

Search This Blog