Committee on Governmental and Public Sector Enterprises Accounting

Objectives

  1. Study of in-place Government/ Public Sector Accounting & Accountability Systems in the SAFA member countries of SAARC.
  2. Study of Existing Accounting Frameworks within the Governments/ Provincial Governments/ City Governments/ Local Bodies/ PSEs of SAFA member countries of SAARC.
  3. To make recommendations for adoptability of Cash-Basis Accounting Standard issued by IPSAS in the first-phase for the Governments following Cash-Basis Accounting.
  4. To create awareness and highlighting the significance of Accrual-Based Accounting System for Governments & PSEs viz-a-viz recognition of assets, recording of liabilities, revenues & expenses and aspects of accountability & transparency. This would also include holding of seminars & conferences from the forum of SAFA.
  5. To outline a plan for shifting of Cash-Basis Accounting System to Accrual-Based Accounting and development of guidelines & checklist for conversion from Cash-Basis to Accrual-Basis Accounting by benefiting from the experience of the countries that have already adopted Accrual-Based Accounting System.
  6. To make recommendations covering phase-wise program for implementation of Accrual-Based Accounting System by the SAFA member countries of SAARC.
  7. To work closely with the Departments of Controller General of Accounts to promote Accrual-Based Accounting System within the Governments/PSEs of the SAFA countries.
  8. To make recommendations for adoption of International Public Sector Accounting Standards (IPSAS) by the Governments/PSEs in the SAFA countries.
  9. To review and comment exposure drafts issued by IPSASB.

Committee Members

Sl.No.Member BodyMember
1ICMA PakistanMr. Zia ul Mustafa Awan, Chairman
2ICA BangladeshDr. Md. Abu Sayed Khan
3ICMA Bangladesh Mr. Mohammed Salim
4ICA IndiaCA. Dhiraj Khandelwal
5ICA India
(erstwhile ICWAI)
CMA Debasish Mitra
6ICA NepalCA. Krishna Prasad Acharya
7ICA PakistanMr. Siraj Ahmad
8CMA Sri LankaMr. J.M.U.B Jayasekera
9CA Sri LankaMr. V. Kangasabapathy
11CPA AfghanistanMr. Zia Ul Haq Sarwari

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