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Accounting standards in UEMOA: The network of public finance practitioners in conclave in Lomé

08/09/2021
Categories: Economy/Forex

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The Network of Public Finance Practitioners of UEMOA is holding its eleventh meeting since Monday, September 6, 2021 in the Togolese capital. On the menu of the meeting organized by the WAEMU Commission, the review of the work of the West African Accounting Council (CCOA).

The objective of the Network of Public Finance Practitioners is the examination and validation by the members of the Network of the results of the work of the West African Accounting Council on the development of rules for the depreciation and provision of assets of the State as well as the accounting standards for the application of the State Accounting Plan. For Habasso Traoré, director of public finance and internal taxation at the WAEMU Commission, this meeting brings together public finance practitioners from WAEMU member states with a view to laying the foundations for the review of the Accounting Plan of the WAEMU. State currently in force in the Member States. “I remind you that the Plans currently in application in the Member States were implemented on the basis of a Directive adopted in 2009. This directive showed some shortcomings that must be corrected. For this, the Commission commissioned a study which was carried out by the West African Accounting Council, which is a regional structure which has proposed avenues for proofreading so that we can in our Union produce so-called patrimonial accounts, "he said. Explain.

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