Shasat and PwC collaborate to offer Public Sector accounting Courses
Shasat and PwC Collaboration on IPSAS Training Courses
Shasat and PwC join hands to offer public sector accounting workshops across seven major cities on three continents, combining Shasat’s global training excellence with PwC’s unrivalled IPSAS implementation experience to deliver world-class learning solutions to public sector professionals worldwide.
| Press Release | shasat.co.uk · |
| In Partnership |
|
+ |
|
Shasat is proud to join hands with PwC to offer public sector accounting workshops in seven major cities of the world. The partnership brings together Shasat’s global excellence in offering training courses and PwC’s global implementation experience in IPSAS — making them natural partners in delivering accrual accounting training solutions to public sector professionals all over the world.
As part of this joint effort, Shasat and PwC are launching a yearly training calendar to offer public sector accounting courses — both public and in-house — across three continents, covering cities such as London, Brussels, The Hague, Geneva, Dubai, Abu Dhabi and Miami, to reach the maximum number of professionals around the world.
“Our global excellence in offering training courses and PwC’s global implementation experience in IPSAS makes us natural partners in offering accrual accounting training solutions to public sector professionals all over the world. Our objective is to offer the best IPSAS training faculty and the best training facilities to provide truly world-class, unmatched learning solutions to all public sector professionals.”
|
|
Sunil Kansal · Managing Director, Shasat |
“While the global move toward IPSAS is accelerating, building capabilities remains a challenge. We want to address this challenge and share with public sector professionals our extensive practical experience of helping governments and international organisations implement and apply IPSAS. We are pleased to join our forces with Shasat for this initiative with the objective to offer training of the highest quality.”
|
|
Patrice Schumesch · Global Public Finance & Accounting Partner, PwC |
Lessons learned from the sovereign debt crisis and the increasing pressure on governments and public sector organisations to better manage public resources have made a global case for action, highlighting the need for more transparent, consistent and globally comparable financial reporting in the public sector. IPSAS are being adopted by a large number of public sector entities all over the world.
International organisations have been at the forefront of the move towards IPSAS, but the trend is also clear for governments — with an increasing number adopting accrual accounting practices with IPSAS serving as a reference point. In Europe, the European Commission is conducting a project to develop European Public Sector Accounting Standards (EPSAS) with IPSAS also used as a reference. The IPSASB has issued 32 accrual-basis accounting standards and one cash basis accounting standard, and continues its work programme with the objective to finalise a comprehensive set of high-quality standards that meet the needs of public sector entities worldwide.
| → | Lessons from the global sovereign debt crisis exposed critical gaps in public sector financial transparency |
| → | Governments worldwide are under growing pressure to manage public resources with greater accountability |
| → | The European Commission’s EPSAS project uses IPSAS as its primary reference framework |
| → | The IPSASB has issued 32 accrual-basis standards and continues to develop a comprehensive global framework |
| → | International organisations — from the UN to multilateral development banks — lead the global IPSAS adoption movement |
As part of the Shasat–PwC collaboration, IPSAS training courses are available across multiple global cities. Click any city below to view full course details and register:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
About Shasat
Shasat is a UK-based global training organisation offering the widest range of IPSAS and IFRS courses worldwide. With a network spanning professionals from over 100 countries and more than 200 public courses annually across 70 cities, Shasat’s faculty represents some of the most experienced IFRS and public sector accounting instructors in the world. |
About PwC
PwC is a network of firms in 157 countries with more than 184,000 people committed to delivering quality in assurance, tax and advisory services. PwC supports the development of IPSAS with the aim of promoting transparency, democratic accountability and enhancing public financial management by public sector entities worldwide. © 2014 PwC. All rights reserved. |
Nigeria: CBN Lists Benefits of IFRS
The Deputy Governor (Economic Policy), Central Bank of Nigeria (CBN), Dr. Sarah Alade, has highlighted the benefits of adopting the International Financial Reporting Standards (IFRS) to the banking sector as well as the economy.
Alade stated this in a keynote address at the launch of the Africa IFRS Academy (AIA) by KPMG Professional Services and Shasat UK Limited, in Lagos recently. Read More https://allafrica.com/stories/201511021014.html
KPMG, Shasat UK launch academy to plug IFRS skill gap
KPMG Nigeria and Shasat (UK) Limited have launched the Africa IFRS Academy (AIA) to address the shortage of skills and to offer world class international financial reporting standard (IFRS) training to Nigerian and African accounting professionals as well as top management personnel, just as the Central Bank of Nigeria (CBN) has once again called for greater compliance to globally accepted financial standards among stakeholders.
Speaking at the launch which held at the Southern Sun Hotel, Ikoyi, Lagos, Wednesday, Sarah Alade, CBN’s deputy governor, economic policy, while commending KPMG and Shasat UK for setting up the academy, stated that the move would help address one of the major challenges to compliance among Nigerian and African business entities by breaching the skills gap and ensure that the continent was abreast of global best practices.
“Attempts at standardizing financial reporting have become universal with many countries jettisoning their national standards for the IFRS. The IFRS Foundation in 2014 completed a research on the use of IFRS around the world. Of 129 countries reviewed, nearly all made a public commitment to IFRS.
“More than countries surveyed and two-thirds of G-20 members have already adopted IFRS for most or all publicly listed companies while many of those jurisdictions permit IFRS for at least some of those listed companies,” Alade said.
She explained further that global investors were more attracted to markets that they could understand, trust and have confidence in. For this reason, she added, countries that adopt internationally accepted accounting standards were at an advantage over those that do not.
She traced the Nigerian banking crisis of 2008 to a weakness in financial reporting and disclosures, hence the need for compliance to the global standard set by the IFRS. She added that to address the weaknesses within the banking system and the economy, the CBN has since been at the vanguard of initiatives that enhanced full disclosures and financial reporting practices in the nation’s banking system.
Emphasizing the need for adopting the IFRS standard, Alade stated that there was “no gainsaying that adoption of IFRS has had a salutary effect on the safety, soundness and stability of Nigeria’s banking system,” while adding that a key challenge for Nigerian companies was the shortage of skilled personnel within the local environment to drive the implementation of IFRS.
The CBN deputy governor, while appreciating efforts that have been made by stakeholders to bridge capacity gaps, added that there was still much work to be done to ensure that “personnel at all levels are better abreast of regulations.”
She implored all members of the financial community to “leverage on the resources provided by the academy to enhance their understanding of IFRS so that we can continue to reap the benefit of the implementation of this very important global financial reporting standard.”
The panel discussion session which was moderated by Tola Adeyemi, partner & head, audit services, KPMG, saw contributions from Rashidat Adebisi, CFO, Mansard Insurance plc; Demola Odeyemi, executive director, GTB; Olumide Oluyinka, head, consultancy services, KPMG; on the benefits, challenges and system development issues in respect of IFRS compliance and adoption.
Agnes Lutukai gave a presentation of “IFRS 9: Game Changer in Accounting for Financial Instruments” while Oluwafemi Awotoye and Sunil Kansai handled the formal unveiling of the AIA website. Seyi Bickersteth, national senior partner and chief executive officer at KPMG Professional Services Limited, gave the vote of thanks.
PwC and Shasat to offer joint IPSAS courses
International Accounting Bulletin, London, Via RSS
PwC and Shasat to offer joint IPSAS courses
PwC has entered into an agreement with Shasat, a UK-based global consulting, valuation, and training organisation Shasat to offer International Public Sector Accounting Standards (IPSAS) training workshops in three continents.
The collaboration will provide IPSAS courses to public sector professionals in London, Brussels, the Hague, Geneva, Dubai, Abu Dhabi and Miami.
PwC chair of IPSAS technical working group Patrice Schumesch said: “PwC supports the development of IPSAS with the aim to promote transparency, democratic accountability and enhance good governance and public financial management by public sector entities around the world.”
According to PwC, these workshops are tailored to instruct attendees to understand and apply IPSAS principles, concepts and knowledge; to embed the standards within their organisation and assess their impact; and to produce and interpret financial statements and information on cash and accrual basis.
PwC and consultant SHASAT to offer joint IPSAS courses
The international Accounting Bulletin,
PwC has entered into an agreement with UK based global consulting, valuation and training organisation SHASAT to offer International Public Sector Accounting Standards (IPSAS) training workshops in three continents. Read More https://www.internationalaccountingbulletin.com/news/category/standards/
PwC and Shasat to collaborate to offer IPSAS courses
Brussels, 12 August 2014
PwC is proud to join hands with SHASAT, an international training organisation, to offer IPSAS training workshops in seven major cities of the world. Read More https://www.pwc.be/en/news-publications/press/2014/2014-11-08-ipsas-workshops.html
KPMG and Shasat join hands to launch the Africa IFRS Academy (AIA)
KPMG Nigeria and Shasat (UK) Limited have launched the Africa IFRS Academy (AIA) to address the shortage of skills and to offer world class international financial reporting standard (IFRS) training to Nigerian and African accounting professionals as well as top management personnel, just as the Central Bank of Nigeria (CBN) has once again called for greater compliance to globally accepted financial standards among stakeholders.
Speaking at the launch which held at the Southern Sun Hotel, Ikoyi, Lagos, Wednesday, Sarah Alade, CBN’s deputy governor, economic policy, while commending KPMG and Shasat UK for setting up the academy, stated that the move would help address one of the major challenges to compliance among Nigerian and African business entities by breaching the skills gap and ensure that the continent was abreast of global best practices.
“Attempts at standardizing financial reporting have become universal with many countries jettisoning their national standards for the IFRS. The IFRS Foundation in 2014 completed a research on the use of IFRS around the world. Of 129 countries reviewed, nearly all made a public commitment to IFRS.
“More than countries surveyed and two-thirds of G-20 members have already adopted IFRS for most or all publicly listed companies while many of those jurisdictions permit IFRS for at least some of those listed companies,” Alade said.
She explained further that global investors were more attracted to markets that they could understand, trust and have confidence in. For this reason, she added, countries that adopt internationally accepted accounting standards were at an advantage over those that do not.
She traced the Nigerian banking crisis of 2008 to a weakness in financial reporting and disclosures, hence the need for compliance to the global standard set by the IFRS. She added that to address the weaknesses within the banking system and the economy, the CBN has since been at the vanguard of initiatives that enhanced full disclosures and financial reporting practices in the nation’s banking system.
Emphasizing the need for adopting the IFRS standard, Alade stated that there was “no gainsaying that adoption of IFRS has had a salutary effect on the safety, soundness and stability of Nigeria’s banking system,” while adding that a key challenge for Nigerian companies was the shortage of skilled personnel within the local environment to drive the implementation of IFRS.
The CBN deputy governor, while appreciating efforts that have been made by stakeholders to bridge capacity gaps, added that there was still much work to be done to ensure that “personnel at all levels are better abreast of regulations.”
She implored all members of the financial community to “leverage on the resources provided by the academy to enhance their understanding of IFRS so that we can continue to reap the benefit of the implementation of this very important global financial reporting standard.”
The panel discussion session which was moderated by Tola Adeyemi, partner & head, audit services, KPMG, saw contributions from Rashidat Adebisi, CFO, Mansard Insurance plc; Demola Odeyemi, executive director, GTB; Olumide Oluyinka, head, consultancy services, KPMG; on the benefits, challenges and system development issues in respect of IFRS compliance and adoption.
Agnes Lutukai gave a presentation of “IFRS 9: Game Changer in Accounting for Financial Instruments” while Oluwafemi Awotoye and Sunil Kansal handled the formal unveiling of the AIA website. Seyi Bickersteth, national senior partner and chief executive officer at KPMG Professional Services Limited, gave the vote of thanks.