At its second Annual General Meeting (AGM) held in Accra, Ghana, on May 16, 2013, the Pan African Federation of Accountants (PAFA) elected a new corps of officers, comprising the President and Vice President along with a Board of Directors for the Federation.
Organized in Senegal, Dakar in May 2011, the Pan African Federation of Accountants (PAFA) is a Professional Accountancy Organization that covers the African Continent, including Madagascar and the Seychelles.
PAFA is the official regional arm of the International Federation of Accountants (IFAC), which is the highest standard setting accounting body in the world.
The President and Vice President of PAFA are elected individually on a rotational basis among the five regions of the Continent.
The first elected President of PAFA was Retired Major General Sebastian Uwuama, who was then immediate Past President of the Institute of Chartered Accountants of Nigeria (ICAN), with Mr. Mussa J. Assad as Vice President.
At the elections held on May 16, 2013 in Accra, Mr. Assad who previously served as Vice President replaced Major General Uwuama as the new President of PAFA, with Ms. Asmaa Resmouki of Morocco elected as the new Vice President of the Federation.
The Board of Directors of PAFA are made up of the President and Vice President of the continental body, together with the Presidents of each of the five (5) largest Professional Accounting Organizations (PAOs) that comprise the Federation and five (5) others elected by each of the five regions of the Continent: North, South, East, West and Central.
In the case of West Africa, the Liberian Institute of Certified Public Accountants (LICPA) was elected to represent the 16 national professional accounting bodies of the region.
The case for the LICPA was championed by the Institute of Chartered Accountants, Ghana (ICAG); the Institute of Chartered Accountants, Nigeria (ICAN); the Association of National Accountants of Nigeria (ANAN) along with the national institutes of Benin, Mali and Togo.
The National Institute of Senegal (ONECA-Senegal) was the only contender against the LICPA. The Chairman of ONECA-Senegal nominated his organization for the post and was the only one voting in favor of that organization to represent West Africa on the Board of PAFA.
All others representing their national accounting organizations in Accra voted for the LICPA as the representative of West Africa on the Board of PAFA. The new leadership of PAFA was installed into office by Mr. Warren Allen, President of the International federation of Accountants (IFAC), the most authoritative standard setting Professional Accounting Organization (PAO) in the world.
Based on the preceding, Mr. Nim’ne E. Mombo, Sr., current President of the LICPA represents the West African sub-region on the continental Board of the Pan African Federation of Accountants (PAFA).
In his capacity as current President of the LICPA, Mr. Mombo, is also the current Vice President of the Association of Accountancy Bodies in West Africa (ABWA). It is expected that in October, 2013, the LICPA will succeed ONECA-Togo, the national institute of Togo, as President of ABWA.
This means Mr. Mombo will then become the next President of ABWA to replace the current President of the national accounting institute of Togo in that position. The Council, officers and members of the Liberian Institute of Certified Public Accountants (LICPA) laud the President of the LICPA for having made Liberia proud with the achievement of such a milestone within the West African sub region, yea the continent of Africa in recent times and now within the ranks of Professional Accountants on the continent of Africa.
The officers say they are more optimistic that with Mr. Mombo at the helm of the LICPA, the Institute is headed for greater things. More kudos to him and the LICPA.