LICPA Gets New Officers

By: Antoinette Sendolo

Liberia Institute of Certified Public Accountants (LICPA) recently held its Annual General Meeting (AGM) which resulted to the election of its new corps of officers to navigate the affairs of that institution for the next two years.

Those elected to head that professional body include: Mr. Arthur Fumbah, President; Mr. Paul Collins, Vice President and Mr. TawehVeika, Head of the Council of Members.

The election which was highly competitive saw Mr. Fumbah narrowly winning the Presidency with 19 votes while the institution’s outgoing President Nim’neMombo accumulated 18 votes out of 37 eligible voters.

During the election, the Vice President-elect and the Council Members both won on white ballots because there were no other names nominated for those positions.

In an exclusive interview with a team of journalists after the election, the President-elect of LICPA, Fumbah, expressed his happiness to have been elected to steer the affairs of the institute for the next two years.

According to him, his election was not a surprise because of his hard work with the outgoing leadership in making several achievements as well as improving that professional body.

Fumbah said he brings to the LICPA, his professional, academic and long years of public service to the institute. He promised to improve the LICPA engagement with government stressing that the institute’s relationship with the government in the past has not been very favorable.

Mr. Fumbah also promised to ensure that the institution fits in the government’s de-concentration program, which he noted will add value to the profession and also attract others to the profession.

He noted that his ascendency to the presidency of LICPA will help to strengthen the syllable integration program of the LICPA and also collaborate with the universities’ accountant syllables to strengthen and broaden the capacities of students studying accounting.

He also assured that his administration will ensure that cost of the LICPA’s Exam for certified accountants be affordable in order to increase the enrollment of students in the program.

For his part, the Vice President-elect, Mr. Paul Collins, who won on white ballot, promised to work with the new leadership to ensure that the institution maintains its status and help improve the growth of the institution through implementing policies that are of importance to LICPA.

He said there are more works to be done within the institution, highlighting the issue of increasing the enrollment of students as key on his agenda.

“My dream is to have more Certified Public Accountants in our country in order to avoid importing public accountants but this can only be done when we have more students,” he said.

Meanwhile, the outgoing President of LICPA, Mr. Mombo emphasized that in order to reduce the high rate of corruption in the country, there is a need to build the capacity of Certified Public Accountants.

“We cannot deal with corruption issues in the country if those who are responsible to carry on audits are not qualified,” the outgoing LICPA emphasized.

He noted that corruption can only be eliminated when auditors are well trained, but the increase in corruption can be widely attributed to the low capacity of most auditors in the country.

The outgoing LICPA boss said the annual meeting which brings together professional Certified Public Accountants is intended to discuss the institution’s activities including its finances and the implementation of its activities adding that it is the highest decision making forum of the institute.