HomeBusiness DigestPublic Accountants and Auditors Board to hold business conference

Public Accountants and Auditors Board to hold business conference

The Public Accountants and Auditors Board (Paab) will be hosting the third accountant’s conference on this month with a view to assist in shaping the country’s economic revival.

Fidelity Mhlanga

The conference will be held on the on 21 -22 April at the Rainbow Towers in Harare.

Paab chairman Brian Njikizana said the event will be held under the theme Partner, collaborate and grow with an objective to create a platform to proffer solutions through interactive discussions among policy makers,regulators,finance professionals in both private and public sectors .

Njikizana said the recently launched Southern African Development Community industrialisation policy, free trade area and the Africa’s vision 2063 will accelerate demand for the expertise of business professionals.

He said the conference also aims to equip accountants with the relevant competencies and cross cultural sensitivities to collaborate and propose in an integrated market place.

“The accountancy profession is uniquely positioned to support both private sector and public sector development.

Zimbabwe, like most developing countries needs a better investment climate opportunities for business to access finance, improved public sector governance, skilled workforce and competencies to work in the modern marketplace and commitment to tackling endemic corruption,” he said.

He added that organisers fort the event has lined up high profiled national, regional and international speakers.
Some of the local speakers are Auditor general Mildred Chiri, Reserve Bank governor John Mangudya .

International speakers will be headlined by International Federation of Accountants (Ifac) president Olivia Kirtley and Chief executive officer Fayez Choudhury sharing insights on contemporary accounting and business challenges and opportunities.

Kirtley and Choughury will be interrogating issues about gender diversity in leadership.

Alta Prinsloo the executive Director and Chief operating officer of Ifac will be presenting on how accountants can partner with government towards a coordinated economic recovery.

Some of the fundamental issues to come under spotlight state enterprise reforms, governance in public and corporate sectors, accounting standards, illicit financial flows ,corruption and public sector delivery.

The event will also dwell on enhancing transparency in the public sector audit report , 2016 economic outlook and revenue collections.

Discussions centered on improving the business environment in Zimbabwe will take centre stage.

Business leaders, chief executive officers, policy makers ,public finance custodians, Accountants, investment analyst, bankers, Chief finance officers, Finance Directors ,board members ,Audit committee members, Audit Practitioners ,executives in local authorities are expected to grace the event.

The objective of Paab is to protect the financial interests of the people in Zimbabwe and that of other persons with interest in the Zimbabwean economy by ensuring the maintenance of high standards of professional performance and conduct by members of the accountancy profession to foster investment.

The statutory responsibility of Paab is in relation of professional standards that includes, prescribing auditing standards, accounting standards and accountancy reporting standards for use in Zimbabwe.

Paab is mandated to protect the consumers of service offered by accountancy professionals to present views of accountancy profession nationally, regionally and internationally.

The conference comes at a time Paab is proposing to introduce the bursary scheme.

Paab seeks to work with universities that offer degrees in accounting and identify 10 students per year who have demonstrated leadership potential.

The beneficiaries will be supported from their second year at university offered industrial attachment places during their third year.

On completion of their first degrees beneficiaries will be required to pursue any of the professional qualifications offered by constituent bodies of Paab.

The selected students under the scheme will go through a mentorship programme being nurtured by professionals who have risen to leadership positions in both public and private sector.

According to Paab, 60% of the beneficiaries will be females as it move towards developing more women leaders as well as engendering the sustainable development goals number five which advocates for gender equality and empower all women and girls.

Stark gender disparities, according the accounting body, remain visible with women earning 24% less than men across the globe.

As the objective of the bursary scheme is to develop leaders, the beneficiaries will be monitored and supported and policy recommendations will be made to facilitate for the development of more women leaders not only in the accountancy profession but across all professions.

On Funding the bursary will be financed by partner organisations that have made programmes in women leadership development. Further it is proposed that a portion of the surplus from non-traditional sources of Paab funds.

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