ACCRA TECHNICAL UNIVERSITY

ACCRA

TECHNICAL

UNIVERSITY

Integrity, Creativity & Excellence

ACCRA

TECHNICAL

UNIVERSITY

Integrity, Creativity & Excellence

ACCRA TECHNICAL UNIVERSITY

The Premier News

ATU TO BECOME IPSAS COMPLIANT BY MARCH 2023

The Vice-Chancellor of Accra Technical University, Professor Samuel Nii Odai has advised some staff of the University to be accountable and comply with standards. He did so during his speech to close the weeklong International Public Sector Accounting Standards (IPSAS) training held for the University’s Finance department.

IPSAS are financial reporting standards for use by public sector entities that aim to improve the quality of general-purpose financial reporting, leading to better-informed

assessments of the resource allocation decisions made by governments; thereby

increasing transparency and accountability.

Accra Technical University, as part of its quest to adopt IPSAS, organised a training programme for the Finance Directorate and other departments that are involved in the University’s financial activities, such as the Internal Audit, Procurement and Human Resources departments.

According to Professor Odai, while the University’s main purpose is to educate, a huge fraction of work in such an institution involved handling and moving money. Knowing when and how to report and do so accurately and transparently is an essential part of the job because someone must account for it after all, in Professor Odai’s words.

For this purpose, ATU hosted experts from PricewaterhouseCoopers Ghana (PWC), an international accounting and consultancy firm, to take staff members of the Finance Directorate and other finance-related departments through training sessions that took place daily from 23rd to 27th January 2023. Members of PWC who came to assist ATU employees with the training included Hayfron Aboagye, Partner at PWC Ghana; Johnny Mensah, Associate Director; Augustine Aboagye, Senior Manager; Esenam Asafo, Manager; Steve Afrifa-Yamoah, Senior Associate and Darlington Gyan, Associate.

The Vice-Chancellor graced the occasion together with the Registrar, Mrs. Sylvia Beatrice Oppong-Mensah. Staff members who underwent the programme received certificates to mark their completion of the programme.