Baker Tilly Liberia, a member firm of one of the world’s top ten accountancy and business advisory networks, has admitted Arthur Wolobah Bomo Fumbah as partner. He now joins two other former senior colleagues and accomplished Liberian professional accountants, George Fonderson and Theophilus Dekonty Joseph, at the same rank. Together, the three partners now run Baker Tilly Liberia.
According to his colleague partners, “admission of Mr. Fumbah into partnership at Baker Tilly Liberia is not only a validation of his professional achievements and contributions to the firm over many years, but also, a manifestation of the firm’s continuing goal to build a professional practice that is led primarily by Liberian Partners and staffed primarily by Liberian professionals.”
For Mr. Arthur W.B. Fumbah, this elevation represents a singular career success every qualified accountant aspires towards. In addition to his ongoing responsibilities in the firm’s Assurance practice, he will focus on developing Baker Tilly Liberia’s Public Sector service line, an area in which he possesses wide-ranging experience.
Mr. Fumbah holds an MPA Degree in Public Policy with emphasis in Public Financial Management from Harvard University’s Kennedy School of Government. He is also a Chartered Accountant and member of the Institute of Chartered Accountants of Ghana, a Certified Public Accountant and member of the Liberian Institute of Certified Public Accountants, as well as a Chartered Tax Practitioner. He has been in professional practice for over 20 years and has gained deep experience in audit and advisory services in West Africa.
He has the track record of having served between 2008 to 2011 as Deputy Minister for Expenditure and Debt Management at the Ministry of Finance, Republic of Liberia.
Prior to serving in the public sector, he was Manager for Audit and Taxation at Baker Tilly Liberia (then operating as VOSCON Liberia).
In the 1990s, he spent a number of years on secondment to VOSCON (Ghana) and Deloitte & Touche (Ghana). This was when VOSCON (Liberia) was affiliated with Deloitte & Touche.
While on secondment at Deloitte (Ghana), Arthur won the award for best participant at the Deloitte Milestone II AuditTraining held in Ghana in 2005. He won the best accounting student award in succession in the junior class and senior class at the University of Liberia. Arthur was the valedictorian of the class of 83/84 at the Booker Washington Institute in Kakata, Liberia.
He is an adjunct lecturer in accounting, auditing, taxation, financial management and public sector finance at the University of Liberia, Stella Maris Polytechnic, and the Liberian Institute of Certified Public Accountants. He has participated in over a dozen workshops and conferences on private and public financial management.
He has been a lynchpin in crucial Public Financial Management reforms in Liberia in the areas of: the Direct Deposit Scheme, Automation of the Budget Execution Process, development of the Comprehensive Public Financial Management Law and the accompanying Regulations, the Comprehensive Chart of Accounts, the Internal Audit Strategy, the Debt Management Strategy and the adoption of the Cash Basis International Public Sector Accounting Standards (IPSAS).
He was the Chairman of the Steering Committee for the establishment of the Liberian Institute of Tax Practitioners (LITTP). Due to the exemplary leadership Arthur exhibited in the formation of the Tax Institute, he is now referred to as the father of the Tax Institute in Liberia.
Also to his name are meritorious credits of being an active member of the Liberian Institute of Certified Public Accountants ( LICPA); Chairman of Education and Training Committee of the LICPA and the LICPA’s representative to the Council of the Liberian Institute of Tax Practitioners; Liberia’s representative on the Harmonization Committee of the Accounting Technician Scheme for West Africa (ATSWA) and also represented Liberia on the Committee of the Association of Accountancy Bodies of West Africa (ABWA) responsible for the adoption of International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS).
He joined Baker Tilly Liberia, the erstwhile VOSCON in 1992 and in 1996, he was sent to Ghana on secondment to work, study and to qualify as a Chartered Accountant.
During his stay in Ghana, Fumbah acquired useful industry experience, serving as General Manager for Finance at Margins Group of Companies for a period four years (2000-2003).
Baker Tilly Liberia is a full member firm of Baker Tilly International, a network of high quality, independent accountancy and business services firms, all of whom are committed to providing the best possible service to their clients in their own marketplaces and across the world, wherever the client needs help.
Baker Tilly International is also one of the world’s top ten accountancy and business advisory networks, represented by 161 member firms operating out of 738 offices in 137 countries, worldwide.