Culled from http://www.theperspective.org/pressreleases/0527200501.html
Liberia Society of Certified Public Accountants in America (LISCPAA)
May 27, 2005
Princeton, NJ – The Liberia Society of Certified Public Accountants in America (LISCPAA) has been launched in Princeton, New Jersey to bring together Liberian accounting and financial professionals in the United States to promote financial management and accountability in the public sector of Liberia.
One of the objectives of the Society is to provide a vital link and forum for Liberian accounting and financial professionals to network. The organization will also join forces with the Liberia Institute of Certified Public Accountants (LICPA) to promote the profession in Liberia by arranging for Continuing Professional Education (CPE) for members through workshops and seminars.
The society intends to be involved with the teaching of accounting in Liberia’s higher institutions of learning, such as, the University of Liberia, Cuttington University College, and other institutions in the country and providing resource materials to those institutions. The Society will provide mentoring programs to Liberians interested in pursuing public accounting career.
The society intends to form a Political Action Committee (PAC) to lobby the national legislature to ensure standardized accreditation of accounting professionals in the country through licensure by the relevant government agencies, and submission to an internationally acceptable standardized examination process. This will alleviate the problem of unqualified individuals from posing as CPAs and misleading the public on accounting and financial matters. The Society will work closely with LICPA to achieve this goal.
The society aspires to work closely with the National Legislature in assisting with vetting the auditor general of Liberia, lobby for the appointments of licensed CPAs and Chartered Accountants or highly qualified financial professionals as controllers for public corporations and controller general at the Ministry of Finance.
The LISCPAA will recommend organizational changes in the financial reporting environment of the government by recommending that the auditor general is directly appointed by the Legislature and report directly to said body and not the president. The society will also recommend that the Bureau of Customs and Excise Tax, and the Bureau of Internal Revenue at the Ministry of Finance are separated from the Ministry to ensure proper segregation of functions in the revenue collections and disbursement processes.
The Society has four levels of memberships: (A) Full membership is opened to anyone who is a licensed CPA, (B) Candidate for admission is opened to anyone who has passed all four parts of the CPA exam but has no met the experience requirement, (C) Associate membership is opened to anyone who is an accounting or financial professional, and (D) Liberian students majoring in accounting and finance are eligible for student membership.
The Society encourages all Liberians that meet the membership requirements to join the organization in order to promote the accounting profession in Liberia and work toward financial management and accountability in the public sector of Liberia. For further information about the Society, please email the organization at email@example.com with your contact information.
Kolec E. Jessey, MBA, CPA
Winsley S. Nanka, MBA, Msc, CPA
My cut-off date of participation in CCL forum discussion is 31 December, 2008. I in the meantime, I shall discuss some issues while copying my PMs to my private archives and deleting them from my CCL account.