Scores of accounting professionals are currently attending a weeklong Continuing Professional Development training sponsored by the World Bank and implemented by the Liberian Institute of Certified Public Accountants (LICPA) in Monrovia.
The training is being attended by Certified Public Accountants, auditors and students in training to become Certified Public Accountants.
The training, the first of ten is being held under the theme, ‘International Standards on Auditing in the Audits of Small and Medium Sized Entities’. The facilitating consultant Benjamin Korley t began the training with an overview of the risk-based audit, its intricacies, and the overall audit strategy. He is expected to further expand on several other components of Auditing over the next six days. Some of the topics expected to be lectured on include Understanding, Evaluating and Communicating Deficiencies in Internal Control, the responsive Audit Plan, the Reporting Overview, Evaluating Audit Evidence and Overview Review and Feedback.
Participants at the program spoke well of (lauded??) the World Bank for the initiative undertaken to help build the human capacity in the Liberian financial sector. They said they are happy that this is the first of many and already looking forward to more new information at upcoming Continuing Professional Development trainings.
Commenting on the turnout, facilitator Benjamin Korley said he was impressed with the number of participants in this week’s training, an action indicative of Liberians’ apparent esire to enhance growth (improvement??) in the financial sector.