Jang Orders Implementation of Accounting Standards in All LGAs

Posted by African Examiner Uncategorized Thursday, January 9th, 2014

Plateau state governor, Mr. Jonah Jang, has called for the implementation of the International Public Sector Accounting Standards (IPSAS) in all the seventeen local government of the state.

He has also directed accountants, budget officers and auditors with the state and local governments to learn and be computer literate or face appropriate actions.

The governor stated this on Wednesday, January 8, 2014, in Jos at a sensitization workshop on the implementation of International Public Sector Accounting Standards (IPSAS) in the state.

He stressed that IPSAS which was approved by the Federal Executive Council in July 2010, for adoption in Nigeria was for proper record keeping and accountability.

According to him, “A threat to this new accounting system which I find disturbing is that most of our key technical staff; accountants, budget officers and auditors are not computer literate.

“It should be noted that it is only through this computer literacy that these key policy makers at the various level of government can adequately monitor and supervise subordinates in process of implementing the policy.”

Mr. Jang maintained that the international reporting and accounting standards were meant to eliminate different accounting systems and reporting formats being used by states and local government councils.

“In line with this, I approved the adoption and implementation of IPSAS in Plateau State and the 17 local government councils”, he said.

According to the governor, his administration had laid emphasis on resource mobilization, utilization, accountability and transparency.

“In other to strengthen the accounting system, the Ministry of Finance undertook the computerization of its operations. This included the automation of budget and treasury management system using the SAP solution and salary automation.”

Earlier in his remarks, the state Commissioner for Finance, Mr. Davou Mang, said the adoption of the international accepted formats had opened the way for the standardization of national accounting reporting systems.