Accounting and auditing experts in the country have begun a one-year evaluation of their profession in order to meet up with the present modern standards. The exercise is a part of activities to celebrate the 10th anniversary of the
The first in a series of workshops to assess the evolution of the profession in the country, sensitise members on what the profession now holds, improve its competitiveness, and chart the future, held in Akwa,
The initiative is being implemented by ONECCA and will be conducted within 12 months through workshops with financial assistance worth FCFA 250 million from the
He revealed at the opening of the evaluation exercise that they will impose refresher courses in 2014 on all members, as well as collaborate with CEMAC for international certificates for all accounting graduates in order to meet set objectives. A Disciplinary Committee is expected to be set up at the end of the assessment.
Challenges, however, face the profession. They include insufficient mastery of accounting market which becomes necessary as foreign accounting firms may influx the country, relations with other parties, and the capacity to debate with the administration on development and international competition. Another challenge is how to get very small enterprises switch from being informal to formal.
Most Popular Stories
- Sutherland Responds to 'Unprofessional' Jibe
- Business Leaders Set for CHCC Convention
- Twitter's Stock Rises on Stellar Revenues
- DishLATINO Wins Hispanic TV Award
- Ebola Outbreak Strikes Fear in Minnesota
- Judge Orders Kurdistan Oil Seized
- Beyonce Seen Apartment Shopping in NYC Without Jay Z
- Is California Going to Land Tesla's Battery Plant?
- U.S. Consumer Confidence at Strongest Since 2007
- U.S. Home Price Gains Slow for 6th Month in a Row