FAAC C’ttee Trains Finance Operators On IPSAS Implementation

The director in the Office of the Accountant-General of the Federation/chairman, FAAC Sub -Committee on IPSAS implementation in Nigeria, Mr Sylva Okolie Aboh, has observed that due to certain drawbacks, not all entities of government at all levels in the country have been able to effectively migrate from Cash Basis Accounting to International Public Sector Accounting Standards (IPSAS) Accrual Basis of Accounting.

At a three-day nationwide training and capacity building programme held at the Zaranda Hotel, Bauchi on Monday with the theme: “Continuous capacity Building on IPSAS Implementation” for public finance management operators in the three tiers of government, he described inadequate manpower and capacity at the various levels of government to drive IPSAS implementation as a great concern.