Govt commends ACCA for developing the profession

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–Government has commended the Association of Chartered Certified Accountants (ACCA’s) for its commitment towards the training and developing of professional accountants in Zambia.

Finance Minister, Alexander Chikwanda, says the development is an assurance that the country is on course to meet the anticipated increase in demand of professional accountants.

Mr Chikwanda, however, said there is need for key stakeholders in the accountancy profession to consider undertaking a nationwide industry survey to determine the real human capital requirement.

ZANIS Reports that Mr Chikwanda was speaking in Lusaka last night in a speech read on his behalf by Secretary to the Treasury, Ferdson Yamba, at the 5th ACCA new Members and Fellows dinner dance.

And Mr Chikwanda has cautioned the new accountants to be aware of the environment in which they operate and the potential reputation and commercial damage which may occur to them and their clients.

He also called on the new accountants to ensure that they advise their clients and employers on options of maximising profits for their businesses.

The Finance Minister said accountants must also advise their clients and employers on various risks and the ethical dimension including technical and reputation issues, saying failure to do so could lead to the possibility of committing a professional misconduct.

And Head of ACCA in Zambia, Mukaba Mukaba, thanked government for creating an enabling environment for the accountancy profession in the country.

Mr Mukaba further urged the new ACCA members to demonstrate to their would-be employers their accountancy skills and add value to both the public and the private sectors.