Day2 sp2-2 presentation-icgfm_may2014tonyhegarty_en

1. 1
Tony Hegarty
Vickson Ncube
Role of the Accountancy Profession in
Economic Development
Miami, USA
May, 2014

2. Poverty
70% of
the world’s poor live in
middle income countries
More than
1 billion people
go to bed hungry every night
2

3. Global Aid Flows
3Over 3 years

4. How is the Accountancy
Profession Contributing?
4

5. 5
Poverty Alleviation
High-Quality Financial Management, Reporting & Auditing
Attracting Foreign
Direct Investment
Transparency &
Accountability
Development &
Delivery of Public
Services
Growth &
Development of the
SME Sector
Enhancing the
Effectiveness of
Foreign Aid
Country Capacity Global Standards
Contribution of PAOs

6. Is the Accountancy
Profession delivering?
6

7. Learning from Available
Diagnostics
7

8. LOOKING FORWARD: QUO VADIS?
8

9. PAOs
Reliable
Accounting,
Reporting
and
Auditing
Economic
Growth
9
Poverty
Reduction
Making a difference to the lives
of citizens

10. 1010
From
Diagnostics to Sustainable
Capacity
Building
HOW CAN WE ACCELERATE?
DIAGNOSTICS TO IMPLEMENTATION FOR RESULTS
(INTEGRATED APPROACH)

11. Statutory
Framework
Monitoring &
Enforcement
Education &
Training
Accounting
Profession &
Ethics
Accounting
Standards
Auditing
Standards
ACCOUNTANCY PROFESSION
11

12. Global Strategic Partnerships
12
OECD-DAC
MDB
PEFA
UN FM
Agreement
Professional
Organizations
INTOSAI
IFAC
IASB
IADB
AsDB
AfDB
IsDB
WB

13. MOU: INTOSAI and Donors
13
Historic MOU between
INTOSAI and 16 donors signed

14. 14
Historic MOU between
IFAC and 10 donors signed
MOU: IFAC and Donors

15. 15
Statutory
Framework
Accountancy
Education &
Training Accountancy
Profession &
Ethics
Accounting
Standards
and
Practice
Auditing
Standards
and
Practice
Monitoring,
Enforcement
& Oversight
Counterparts and Donors:
Capacity Building

16. 16
PARTNERING FOR RESULTS:
LEARNING FROM THE PAST, BUILDING THE FUTURE