ZAMFARA FINANCE MINISTRY ORGANISES TRAINING ON THE USE OF IPSAS
Zamfara State Ministry for Finance has organized a capacity training to its Directors of Finance and other relevant financial officers on the use of International Public Sector Accounting Standard (IPSAS) aimed at broadening their understanding of the use of new financial standard accounting.
Not until the coming of the present Commissioner of Finance Rabiu Garba Gusau, there have been unending agitation among members of the Civil Society in the state on the need for the state governme to revert back to the use of International Public Sector Accounting Standards for transparency and accountability in the management of public resources.
The International Public Sector Accounting Standards (IPSAS) are a set of accounting rules and guidelines issued by the IPSAS Board for use by public sector entities around the world in the preparation of financial statements.
It focuses on improving the quality of general purpose financial reporting, leading to more informed and fiscally efficient decision-making by governments, while simultaneously increasing transparency and accountability.
Speaking during the opening ceremony of the capacity training, Zamfara State Commissioner for Finance Rabiu Garba Gusau explained that, the adoption of IPSAS Accrual and IPSAS Cash and Modified Cash reporting framework will improve the quality of financial data and enables financial alignment across government agencies.
He said the benefit of the use of IPSAS can be captured as part of a wider finance reform, serving as a facilitator to provide high-quality financial information, which in turn, improves operational and service performance and contributes to the long-term sustainability of public finances.
One of the lead facilitators at the workshop and and state Director for Budget Alh Hamza Salihu noted that, the primary aims of the workshop which is to enhance the capacity of the state financial officers will be achieved at the end of the training noting that, though the state is left behind but with the calibre of its financial human resource it will surely catch up with its peers.
He thank the Commissioner for according the participants with the opportunity to learn the new way and assured them of the resolve to making the difference.
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