President Ellen Johnson Sirleaf
Pres. Sirleaf Wants Provisions In LICPA Act Revisited
By Prince S. Nagbe
MONROVIA, October 17 (LINA) – President Ellen Johnson Sirleaf is calling for a review of the Liberia Institute of Certified Public Accountants (LICPA) Act to address some of its provisions that seem to undermine the smooth operation of the institute.
“The government is not happy with some provisions in the LICPA Act, because they seem to keep some firms out of active practice; we need to sit, review and improve them for the growth of the country’s accounting institutions,” President Sirleaf stressed.
Serving as the guest of honor at the official launch of the PricewaterhouseCoopers (PwC) Advisory Liberia LLC Office in Monrovia recently, the Liberian leader pledged the government’s commitment to work with LICPA by giving the needed support to build local accountants.
She called on the President of LICPA, Arthur Fumba, and his team to ensure that Liberian accountants and accounting firms are made senior partners in other firms or are given the necessary support to grow into self-sufficient entities to be able to provide good accounting services to the country.
President Sirleaf then urged the LICPA officials to collaborate with the management team of PwC to ensure an improvement in Liberian accounting firms to enable small businesses have access to technology, greater levels of capitals, proper management and proper management system amongst others.
PwC firm is the largest provider of professional services in Africa with close to 450 partners and 8,500 people located in 33 countries, offering services in the areas of Audit and Assurance; Tax and Legal Services; Advisory Services, Business Recovery, Forensic and Investigative and Finance and Accounting.
PwC is a network of firms operating in 157 countries, including Liberia, with more than 208,000 people who are committed to delivering quality in assurance, tax and advisory services having core values of excellence, teamwork and leadership.