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Institute Of Chartered Accountants Of Ghana
Institute of Chartered Accountants, Ghana is a professional accountancy organisation. It is the sole such organisation in Ghana with the right to award the Chartered Accountant designation, and with the right to regulate the accountancy profession in Ghana. The Institute of Chartered Accountants (Ghana) was established by an Act of Parliament, Act 170, in 1963.Act 170 was repealed in 2020 after the President of the Republic of Ghana assented to a new Act, Institute of Chartered Accountants, Ghana Act, 2020, Act 1058. Members of the organisation are the only persons recognized under the Companies Code (Act 179) 1963, to pursue audits of company accounts in Ghana. It is governed by a council of eleven members who are chartered accountants. The council, headed by a president, holds office for a period of two years. Institute of Chartered Accountants, Ghana is a member of two international bodies, the sub-regional ABWA or Association of Accountancy Bodies in West Africa, and the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accountancy
Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ghana
Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and Togo in the east.Jackson, John G. (2001) ''Introduction to African Civilizations'', Citadel Press, p. 201, . Ghana covers an area of , spanning diverse biomes that range from coastal savannas to tropical rainforests. With nearly 31 million inhabitants (according to 2021 census), Ghana is the List of African countries by population, second-most populous country in West Africa, after Nigeria. The capital and List of cities in Ghana, largest city is Accra; other major cities are Kumasi, Tamale, Ghana, Tamale, and Sekondi-Takoradi. The first permanent state in present-day Ghana was the Bono state of the 11th century. Numerous kingdoms and empires emerged over the centuries, of which the most powerful were the Kingdom of Dagbon in the north and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Act Of Parliament
Acts of Parliament, sometimes referred to as primary legislation, are texts of law passed by the Legislature, legislative body of a jurisdiction (often a parliament or council). In most countries with a parliamentary system of government, acts of parliament begin as a Bill (law), bill, which the legislature votes on. Depending on the structure of government, this text may then be subject to assent or approval from the Executive (government), executive branch. Bills A draft act of parliament is known as a Bill (proposed law), bill. In other words, a bill is a proposed law that needs to be discussed in the parliament before it can become a law. In territories with a Westminster system, most bills that have any possibility of becoming law are introduced into parliament by the government. This will usually happen following the publication of a "white paper", setting out the issues and the way in which the proposed new law is intended to deal with them. A bill may also be introduced in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Audit
An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditors consider the propositions before them, obtain evidence, and evaluate the propositions in their auditing report. Audits provide third-party assurance to various stakeholder (corporate), stakeholders that the subject matter is free from Materiality (auditing) , material misstatement. The term is most frequently applied to audits of the financial information relating to a legal person. Other commonly audited areas include: secretarial and compliance, internal controls, quality management, project management, water management, and energy conservation. As a result of an audit, stakeholders may evaluate and improve the effecti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Association Of Accountancy Bodies In West Africa
The Association of Accountancy Bodies in West Africa (ABWA) is a regional organization of the International Federation of Accountants (IFAC). As of 2011 there were ten West African accounting institutes represented in ABWA. History The association was established on 10 August 1982 in Lagos, Nigeria, and was registered as a corporation in 1994. ABWA was initially collocated with the Institute of Chartered Accountants of Nigeria (lCAN) in Lagos. In May 2002 the association's headquarters moved to the ICAN building in Abuja. The purpose of the Association is to develop accountancy in the region. Recognized non-governmental accountancy bodies in West African countries are encouraged to join the association. Activities ABWA initiated the Accounting Technicians Scheme, West Africa, which provides a recognized professional qualification for supporting staff of Chartered Accountants. Examinations for this qualification are held on the same day each year in centers throughout the region. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Federation Of Accountants
The International Federation of Accountants (IFAC) is the global advocacy organization for the accountancy profession; mainly for the financial accounting and auditing professions. Founded in 1977, IFAC has more than 175 members and associates in more than 130 countries and jurisdictions, representing more than 3 million accountants employed in public practice, industry and commerce, government, and academia. The organization supports the development, adoption, and implementation of international standards for accounting education, ethics, and the public sector as well as audit and assurance. It supports four independent standard-setting boards, which establish international standards on ethics, auditing and assurance, accounting education, and public sector accounting. It also issues guidance to encourage high-quality performance by professional accountants in small and medium business accounting practices. To ensure the activities of IFAC and the independent standard-setting ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Samuel Wilberforce Awuku-Darko
Samuel Wilberforce Awuku-Darko (born 23 May 1924) was a Ghanaian accountant and politician. He was a minister of state, serving in the capacity as Minister of Works in the Second Republic of Ghana. He also served as the President of the Institute of Chartered Accountants from 1967 to 1969. In 2018, they noted that he had died. Early life and education He was born on 23 May 1924 at Afransu, near Mangoase in Suhum, a town in the Eastern Region of Ghana. He had his early education in 1929 at Presbyterian Junior School, Suhum. In 1935, he continued at the Presbyterian Boys' Middle Boarding School Akropong-Akuapim. He enrolled at Prince of Wales College, Achimota from 1939 to 1942. He later attended Trinity College, Suhum. Accountancy He began his career as a second division at the income tax department in 1944. In 1950, he had professional training with Messrs Cassleton Elliott and company in Ghana, and in the United Kingdom as an articled clerk. He worked with the company from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harry Dodoo
Harry Amoo Dodoo (8 August 1918 – 10 February 2000) was a Ghanaian chartered accountant, public servant and businessman who led the Ghana Cocoa Board at different times as chief accountant, general manager, managing director, chief executive and chairman. He was the first Gold Coast native to be a chartered accountant and the first Gold Coast indigene to work with Cassleton Elliot and Company (now KPMG). Dodoo was the organizational leader of the Cocoa Marketing Board as general manager from 1955 to 1965, and as managing director from 1965 to 1967, and the chief executive on its restructuring as Ghana Cocoa Board from 1983 to 1986. Early life and education Harry Dodoo was born on 8 August 1918 at Accra, Greater Accra Region, Gold Coast. He studied at the Accra Academy from 1935 to 1938. Dodoo begun his career at the Accountant General's department, where he worked from 1939 until 1945. In 1945 he became an Articled clerk training in the field of Accountancy at Casslet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Albert Kan-Dapaah
Albert Kan-Dapaah (born 14 March 1953) is a Ghanaian chartered accountant and politician. He is currently the Minister of National Security. He was appointed by President Nana Addo Danquah Akufo-Addo on 10 January 2017. Early life and education Kan-Dapaah was born on 14 March 1953. He is an Ashanti and hails from Maase-Boaman in the Ashanti Region of Ghana. Albert Kan-Dapaah had his secondary education at Acherensua Secondary School from 1964 to 1969. He then studied Accountancy at the University of Professional Studies (UPS), Accra Legon. He had further Accountancy courses at the North East London Polytechnic, London and the Emile Woolf College of Accountancy. Career Kan-Dapaah worked with Pannel Kerr Forster, a chartered accounting firm as an Audit Senior. He worked in their offices in Monrovia, Liberia and London, UK between 1978 and 1986. Back in Ghana, he was the head of Audit at the Social Security and National Insurance Trust (SSNIT) from January 1987. In Septem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auditing Organizations
An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditors consider the propositions before them, obtain evidence, and evaluate the propositions in their auditing report. Audits provide third-party assurance to various stakeholders that the subject matter is free from material misstatement. The term is most frequently applied to audits of the financial information relating to a legal person. Other commonly audited areas include: secretarial and compliance, internal controls, quality management, project management, water management, and energy conservation. As a result of an audit, stakeholders may evaluate and improve the effectiveness of risk management, control, and governanc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Member Bodies Of The International Federation Of Accountants
Member may refer to: * Military jury, referred to as "Members" in military jargon * Element (mathematics), an object that belongs to a mathematical set * In object-oriented programming, a member of a class ** Field (computer science), entries in a database ** Member variable, a variable that is associated with a specific object * Limb (anatomy), an appendage of the human or animal body ** Euphemism for penis * Structural component of a truss, connected by nodes * User (computing), a person making use of a computing service, especially on the Internet * Member (geology), a component of a geological formation * Member of parliament * The Members, a British punk rock band * Meronymy, a semantic relationship in linguistics * Church membership, belonging to a local Christian congregation, a Christian denomination and the universal Church * Member, a participant in a Club (organization), club or learned society See also * * {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
