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Accountants Institute Continues To Up-skill Members

The Fiji Institute of Accountants continues to play an important role as a professional body for its members and other stakeholders. It strives to carry out a critical link between
26 Jun 2017 09:17
Accountants Institute Continues To Up-skill Members
Esala Masitabua, Acting Deputy Governor, RBF and Nitesh Lal, Chair of the Fiji Institute of Accountatnt’s Professional Development Committee, and also CEO of Dominion Finance.

The Fiji Institute of Accountants continues to play an important role as a professional body for its members and other stakeholders.

It strives to carry out a critical link between business, Government, the academic sector and civil society.

FIA Professional Development 2017 Committee organised a conference at the Warwick Fiji Resort to continue providing its members with a professional development programme which updates their skills and knowledge.

It was officiated by Nitesh Lal, Chair of Fiji Institute of Accountant’s Professional Development Committee, and CEO of Dominion Finance, at the FIA Technical Workshop.

Mr Lal highlighted some of the key issues and challenges that they have been facing. He referred to the latest stakeholder survey while developing the 5-year strategic plan.

 

These includes:

Rapid development within the accounting, assurance, finance and business advisory professions require members to commit to a life-long learning process.

Increasingly complex business transactions, sophisticated and principles-based accounting standards continually demand a wide range of competencies.

There is a growing need for independent opinions under new circumstances such as governance at both corporate and national levels and other new technical issues.

Mr Lal also addressed some of the  strategies that need to be put in place and the objectives that FIA needs to achieve this year.

 

These include:

Providing a lifelong learning environment for members that keeps them abreast with the developments within the profession.

Implementing high quality, timely and responsive professional programmes that meet members’ and market needs.

Providing access to a range of education programmes through diverse modes that meet members’ and market needs.

And ensure that educational and development programmes cover traditional accounting, technical accounting, IT, specialists and multidisciplinary competencies and skills.

The speakers at the workshop were:

Razim Buksh -The Director of Fiji Financial Intelligence Unit  on the topic: ‘ Unmasking Beneficial Owners in Financial Crimes.’

Esala Masitabua – Acting Deputy Governor of the Reserve Bank of Fiji. Mr Masitabua highlighted the update on Fiji Economy.

Naca Rika from University of the South Pacific addressed the delegates on the IFRS 9 Financial Instruments.

And Mark Huckesby – Partner at Grant Thornton in NZ. He did a practical session on IFRS 15 and IFRS 16.

The Institute has also finalised the date for the 46th Annual Congress and it will be held at the Shangri La’s Fijian Resort and Spa on 18th and 19th of May 2018.

The theme for the Congress will be Growth Through Synergy.

There were about 150 delegates that were present at the Warwick.

Feedback:  selita.bolanavanua@fijisun.com.fj

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