Second ACOA:
Promoting and
Sustaining
Accountability
Delivered by:
Jonathan Nyamukapa
(Regional FMC, AfDB)
Second African Congress of Accountants:-
Promoting and Sustaining Public Accountability
Introduction
Theme -the continuing relevance of the
Accounting Profession in light of
Africa’s rapid economic growth, as well
as
the
profession’s
role
in
strengthening
the
accountability
machinery
and
good
corporate
governance across our continent.
 My brief - "Promoting and Sustaining
Public Accountability

Second African Congress of Accountants:-
Promoting and Sustaining Public Accountability
Public Accountability

International Organization of Supreme
Audit Institutions ( INTOSAI) describes it
as: " public accountability pertains to
the obligations of persons or entities
entrusted with public resources to be
answerable for the fiscal, managerial
and program responsibilities that have
been conferred on them, and to report to
those
that
have
conferred
these
responsibilities".
Second African Congress of Accountants:-
Promoting and Sustaining Public Accountability
Key



Elements
To ensure the safe custody of those
resources;
To ensure that when utilized, the
resources are utilized solely for the
intended
purpose
in
an
efficient,
economic, and transparent manner; and
To provide timely and accurate reports
back to the public on the usage of the
resources (feedback).
Second African Congress of Accountants:-
Promoting and Sustaining Public Accountability
Safe custody:
 Safe
physical custody which is
attained by introducing a regime
of controls and restrictions to
unauthorized access.
 Safe
Non-physical
custody.
Record keeping related
Second African Congress of Accountants:-
Promoting and Sustaining Public Accountability
Usage of public resources solely for the
intended
purpose,
in
an
efficient
economic and transparent manner:

Combining the benefits of efficient
accounting systems with the external
oversight
Second African Congress of Accountants:-
Promoting and Sustaining Public Accountability
Feedback
To ensure that persons or groups utilizing
public resources are answerable for their
actions.
Second African Congress of Accountants:-
Promoting and Sustaining Public Accountability
The AfDB’s Contribution
 Institutional
Support Projects:- The Governance
Division of
AfDB is systematically providing
institutional support targeted at strengthening key
public financial management pillars, most notably:







Internal Audit:-
Supreme Audit Institutions:Parliamentary Public Accounts Committees:Fragile States Facility:Open Budget Initiative:Integrated
Financial
Management
Systems
(IFMIS):PAFA:-
Second African Congress of Accountants:-
Promoting and Sustaining Public Accountability
Challenge to ACOA members in the
Profession: Pro bono services?
Second African Congress of Accountants:-
Promoting and Sustaining Public Accountability
Conclusion

Thank you.