AFRICA STARTS TO ADOPT PUBLIC ACCOUNTING STANDARDS – BUT THE JOB WILL NOT BE EASY
May 1st, 2017
WITH the economies of sub-Saharan Africa emerging from past poverty, informality and occasional chaos, the regularisation of the region’s public sector accounts is increasingly viewed as an important way of ensuring growing tax revenues are spent wisely.
As a result, accounting experts have been encouraged by growing moves to adopt International Public Sector Accounting Standards (IPSAS).
Tanzania (see panel below) has led the way with comprehensive adoption of IPSAS, and other countries are following suit, albeit slowly and unevenly.
George Higgins, a ...
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