The Office of the Accountant General of the Federation has begun a 3-day capacity building training for about 100 public financial management operators in Bauchi state on International Public Sector Accounting Standards (IPSAS).
Speaking at the opening ceremony of the training in Bauchi on Monday, Mr Sylva Okolieaboh, Acting Accountant-General of the Federation, said that the training is a nationwide exercise for financial operators in the three tiers of government in all the 36 states and Federal Capital Territory (FCT).
He observed that due to certain drawbacks, not all entities of government at all levels have been able to effectively migrate from Cash Basis Accounting to International Public Sector Accounting Standards (IPSAS) Accrual Basis of Accounting.
He identified inadequate manpower as one of the drawbacks, adding that the Sub-committee has made concerted efforts to continue to build capacities at verious levels of government to drive IPSAS full implementation.
Represented by the Deputy Accountant General, Operations, Bauchi State, Sirajo Jaja, Okolieaboh said he was highly delighted that the capacity building had been sustained, adding that the 2022 exercise was carefully packaged to address key contemporary issues on effective migration strategies for entities on IPSAS.
"As part of the efforts of the Sub-committee, relevant reference materials including accounting policies to be adopted, guidelines on the recognition of legacy assets, highlight of what is needed to know on IPSAS and other financial reporting publications and templates have been developed to further enhance the proficiency of key finance operators.
"The theme of the programme 'continuous capacity building on IPSAS implementation' for public financial management operators in the three tiers of government shows that the Sub-committee continues to demonstrate commitment to its promise of training and retraining finance operators.
"This is to improve their competencies and skills in the preparation and presentation of IPSAS accrual accounting compliant General Purpose Financial Statements," he said.
According to him, when IPSAS is fully implemented, it is believed that Nigeria as a nation would be able to demonstrate higher accountability and stewardship in the management of public resources.
He, however, urged the participants who were drawn from the state and local government services to pay close attention to the presentations that would be presented in order to equip themselves with the challenges ahead of the full implementation of IPSAS at all levels of governance in the country.
The participants of the capacity building includes treasurers, cashiers, financial officers of ministry and department from local government and state services.
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