Four candidates in the professional qualification examinations program of the Liberian Institute of Certified Public Accountants (LICPA) have qualified four as professional accountants.
This process to qualify the four candidates is the very first of a kind in Liberia under the Institute's professional credentialing programs.
According to the executive director of the LICPA, James Dorbor Jallah, the selection is based on results of the Institute’s Professional Exams that was administered in November 2013.
The four candidates are Victor Tanwone of the Liberia Airport Authority, Mohammed Korleh of the Public Financial Management Unit (PFMU), Ministry of Finance, S. Moses Kesselie, Jr. also of the Ministry of Finance, and Raphael Quaye of the United Nations Mission in Liberia (UNMIL).
The selection of the four, according to Mr. Jallah, has earlier completed Part 4 of the Institute’s professional exams.
Two other LlCPA candidates, Papin Daniels, Senior Assistant Project Accountant of the PFMU, Ministry of Finance, and Zinnah B. Sackie, Finance Manager at Aureus/Bea Mountain Mining Company have partially completed the academic requirements for Part 4, both of whom have only two papers to clear to also qualify as Professional Accountants.
Five (5) other candidates, having completed all requirements for Part 3 of the Institute's professional exams, have now progressed to Part 4, the final stage of the exams.
They are Booker Tendy Harris of the General Auditing Commission, Derek Amandu Hill, Senior Financial Management Officer, Department of Expenditure and Debt Management of the Ministry of Finance, Ade Wede Wee-Wee Kekuleh of the LICPA, Anita Cece Wolo-Woiwor, Audit Senior of Panell Kerr-Forster (PKF) Liberia, and Samora P. Z. Wolokollie, Senior Staff Auditor of Baker Tilly Liberia.
The five will accordingly, join the two who have been referred in the final level of the exams.
On that basis, Mr. Jallah assured that in 2014, more local accountants will qualify as professional accountants in the foreseeable future.
The four successful candidates are now eligible for admission into the LICPA as Certified Public Accountants (CPAs) and also into the Institute of Chartered Accountants, Ghana (ICAG) as Chartered Accountants, Ghana, upon meeting the requisite experience requirements.
Mr. Jallah explained that, the exercise to select the candidates is the very first time ever in the history of Liberia that many local accountants have qualified as full professional accountants at the same time; and without having to travel overseas for such professional qualification.
Commenting on the exam results, Mr. Nim’ne Elliott Mombo, Sr., President of the LICPA, expressed gratitude for the progress made.
“For me personally and the with involvement of the entire LICPA as well as Liberian in general, are especially grateful to the United States Agency for International Development (USAID), which through its Governance and Economic Management Support program for Liberia has, since June 2013, provided funding for three experienced fulltime expatriates coaching instructors.
They prepared LICPA candidates for the November 2013 professional exams, with a fourth expected to join the team in early 2014.
He also expressed gratitude to the World Bank for its support in Strengthening the LICPA; and to the Government of Liberia for its continued support to the Institute.
Given that Liberia has not, until very recently had a history of professional accounting exams, the parties deemed the hiring of experienced expatriates to serve as fulltime instructors, an efficacious beginning under the circumstances.
The LICPA has plans to groom duly qualified locals to join the teaching pool as early as practicable.
Also explaining further, Council member Tugbeh Doe said the national Accountancy Institutes in West Africa have taken note of progress made by the LICPA and has recognized the Liberian Institute as the premier national Accountancy body in West Africa that has consistently made the most progress in promoting professional accountancy skills in West Africa during the past five years.
In recognition of those achievements, the Governing Council of ABWA in May 2013, elected Mr. Nim’ne E. Mombo, Sr. current president of the LICPA, as the representative of all accountancy bodies in West Africa on the Board of the Pan African Federation of Accountants (PAFA), which is the continental arm of the International Federation of Accountants, the highest standard setting accountancy body in the world.
Then in October 2013, the Council of the Accountancy Bodies of West Africa (ABWA) again unanimously elected Mr. Mombo as the current president of that West African Accountancy body, an indication that Liberia can once more be trusted to lead and be followed.
For his part, Mr. Francis B. S. Johnson immediate past president of the LICPA noted that the LICPA desires and intends to eventually extend the Syllabi Integration Program to all tertiary institutions of learning in Liberia that offer accounting as a concentration and are willing to join the Institute to raise accounting education in Liberia to global standards.
The ultimate objective of the Program is making its graduates globally marketable.