The Institute of Certified Public Accountants in Ireland (CPA) and its outsourcing partner KOSI Corporation was awarded two prestigious international contracts advising on the development of the Accountancy Profession in Africa in 2011. The total combined value of the contracts was approximately US $1.5 million.
The first contract is based in Rwanda and involves assisting the Institute of Certified Public Accountants in Rwanda (ICPAR) in developing their processes of educating and training accountants.
The second contract is based in Mozambique and focused on establishing a new national accountancy body in the country, including the development of all the legal, institutional and governance structures in line with international best practice.
“We are very pleased, together with our partners KOSI Corporation, to have been awarded these contracts“ said Gail McEvoy, former CPA President. “The contracts were won through competitive tendering processes involving some of the major players on the world accountancy stage, and the fact that CPA came first in both is testament to the outstanding quality, and the international standing of our Institute. This is a development of which every CPA can be very proud. The Rwandan and Mozambiquan authorities are determined that the development of the accountancy profession in both countries will meet the highest international standards, and CPA is pleased that our standards have been recognised in this way. “Apart from the prestige of these contracts they come at a very important time for the restoration of Ireland’s international reputation and we are delighted to have played our part in that”, added Ms.McEvoy.
Sean Sweeney, CEO of KOSI Corporation, said “the award of the contracts is a recognition of the combined strength of CPA Ireland and KOSI and a vote of confidence by international authorities in the capacity of Irish organisations to play a leading role in the development of the accountancy profession across the world.”
Commenting on the project, Mr.Peter Rutaremara, President the Institute of Certified Public Accountants of Rwanda (ICPAR) said “In CPA Ireland, we are confident that we have identified a partner of global standing in the accountancy profession. CPA Ireland’s qualification is internationally respected and we look forward to working together to incorporate best practice in training and education into the fabric of our growing Institute.”
Mr. Rutaremara continued, “ICPAR’s challenge is to strengthen the accountancy profession in Rwanda and the Institute needs to develop internally and externally to meet this challenge. We have a responsibility to promote professionalism in accountancy and to take it to another level in terms of competence and ethics. If we achieve this we will be laying the ground work for a new era of economic stability in Rwanda, contributing meaningfully to the development of our country for its people.”