Auditors, Accountants Exhorted to Brace Integrity
(AllAfrica Via Acquire Media NewsEdge) THE government has urged accountants and auditors to embrace integrity and professionalism as the country implements the Big Results Now (BRN) initiative where billions of shillings will be spent.
Apart from the BRN implementation, the professionals have also been challenged to take recourse to their professional ethics and oaths as evidence has shown that some of them collude with unethical officials to siphon public finances.
The Minister for Finance and Economy, Dr William Mgimwa, made the remarks recently during the 35th graduation of the National Board of Accountants and Auditors (NBAA).
"We are facing a lot of challenges where ethics and integrity among public servants have sharply been deteriorating, with many reportedly getting involved in many corrupt practices," he said in a speech read on his behalf by the Deputy Minister for Labour and Employment, Dr Makongoro Mahanga.
He said accountants and auditors should live up to their professional oaths and not just take it as a fashion, leading to massive mismanagement of public finances.
Citing examples, he said many reports by the Controller and Auditor General (CAG) had discovered that a substantial number of accountants and auditors were being involved in many losses of money and property in both the central government and local government authorities (LGAs).
"The government will keep on acting tough against all discovered to be involved in the theft and mismanagement of public funds," he insisted.
The minister also urged NBAA to make sure all colleges conducting professional training on its behalf are credible enough to undertake the noble job and ensure the training observes the required standards.
The NBAA Board Chairman, Dr Mussa Assad, said apart from a number of achievements, the Board has been facing a number of challenges, including shortage of human and financial resources due to a meagre budget.
Other challenges are shortage of professionals and experts, leading to poor accounting outcomes at various workplaces and poor understanding of international accounting practices.
So far, he said the Board had registered 424 Associate Certified Public Accountants (ACPA) and 727 Graduate Accountants (GA), while about 11 accounting and audit firms had been registered between January and September, this year.
Dr Assad said this year's graduation was historic, as for the first time it had witnessed 656 graduates being conferred with CPA degrees while 49 were awarded Accounting Technicians Certificates (ATEC).
Copyright Tanzania Daily News. Distributed by AllAfrica Global Media (allAfrica.com).
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