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Neema Kiure-Mssusa

Country

Tanzania, United Republic of

Dr. Neema Kiure-Mssusa joined the International Public Sector Accounting Standards Board (IPSASB) in January 2018. In 2016 and 2017, she served as a member of IPSASB Consultative Advisory Group.

Dr. Neema has been the team leader in the International Public Sector Accounting Standards (IPSAS) implementation project for the Government of Tanzania since 2008. She has assisted the Tanzania Ministries, Departments and Agencies (MDAs), Local Government Authorities and other Public Sector Entities on IPSAS implementation projects. Tanzania started complying with accrual based IPSAS during the year ended 30 June 2013. Thereafter, she has been working closely with the National Board of Accountants and Auditors (NBAA) and Accountant General’s Department to ensure that IPSAS updates are implemented effectively.

Dr. Neema is an Assurance Partner at Ernst & Young, Tanzania, where she serves several Tanzanian private and public sector entities. She was the Vice Chairperson of the NBAA from June 2018 to May 2021, and the current Chairperson of Tanzania Association of Women Accountants (TAWCA). She is also a member of the Interim Academic Advisory Committee (IAAC) of the African Professionalisation Initiative (API).

Her Technical Advisor is Williard Kalulu.

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PUBLIC SECTOR ACCOUNTING, REPORTING, AND ASSURANCE

This project develops Implementation Guidance that aims to identify the skills and competences required by professional accountants when performing public sector accountancy roles.

 

Scope:

The project will initially focus on an in-depth analysis, including reviewing relevant academic research literature, engaging with relevant stakeholder organizations and coordinating with other standards setting boards especially the International Public Sector Accounting Standards Board. Other activities under consideration include:

IPSASB eNews: December 2017

Toronto, Ontario English

The IPSASB held its fourth and final meeting of the year from December 5-8, 2017 in Toronto. The IPSASB’s Consultative Advisory Group (CAG) met on December 4, 2017 and the CAG’s views informed the IPSASB’s discussions.

Leases

The IPSASB approved Exposure Draft (ED) 64, Leases. ED 64 will be issued in January with a consultation period until June 30, 2018. ED 64 proposes a single right-of-use model for lease accounting specifically designed for public sector financial reporting. It also proposes requirements and guidance on concessionary leases for both lessors and lessees.

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Public Sector Measurement

The IPSASB agreed on outlines for the Public Sector Measurement Exposure Draft and Consultation Paper, which will address the measurement of assets and liabilities, including non-current assets held for sale and discontinued operations. The Board took a tentative view that fair value, as defined in IFRS 13, Fair Value Measurement, can be applied in the public sector where a non-entity specific exit value is appropriate.

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Heritage

The IPSASB reviewed responses to its Consultation Paper, Financial Reporting for Heritage in the Public Sector. The main issues raised by constituents related to the measurement of heritage assets. The Task Force on Public Sector Measurement will next develop measurement principles. The Heritage Task Force will then consider application guidance for heritage measurement. 

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Infrastructure Assets

The Board received an update on the CAG’s discussion of the Infrastructure Assets project, which raised several new issues, including the accounting treatment of land under water (e.g., dams and reservoirs) and asset retirement obligations.
The IPSASB will next consider Infrastructure Assets at its December 2018 meeting. Staff will continue with research and will develop and issue a survey to gain constituent views on the main issues in accounting for infrastructure assets.

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Strategy and Work Plan Consultation

The IPSASB approved a consultation document with its proposed Strategy and Work Plan 2019-2023. It will be published in January 2018, with a comment period until June 15, 2018. The consultation document proposes strategic priorities and additional projects for the period. The IPSASB will undertake a number of outreach activities to obtain input from constituents in the February-June 2018 period. Please watch for the publication and provide your feedback via comment letter.

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Work Plan

The IPSASB carried out an in-depth review of its current work plan and agreed on a revised plan that runs through 2021. The IPSASB will review the plan at each meeting and will carry out a more detailed review at its final meeting of the year. The IPSASB will also align this review in December 2018 with approval of the 2019-2023 Strategy and Work Plan.

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Process for Reviewing Responses
Staff gave a presentation on a more technologically advanced approach to collating and summarizing responses to consultation documents, which the IPSASB supports and which will be trialed in early 2018. 

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Meeting Podcast
  • An audio podcast highlighting key points of the December 2017 meeting is now available.
Next Meeting
  • The next meeting of the IPSASB will be in New York, March 6-9, 2018. For more information, or to register as an observer, visit the IPSASB website.
Upcoming Dates
  • December 31, 2017: Consultation period for ED 62, Financial Instruments, ends.
  • January 15, 2018: Consultation period for Consultation Paper, Revenue and Non-Exchange Expenses, ends.
  • January, 2018: Strategy and Work Plan 2019-2023 Consultation Paper and ED 64, Leases, to be issued.
  • March 31, 2018: Consultation period for ED 63, Social Benefits, ends.

IPSASB December 2017 Meeting Highlights Podcast

English

Highlights from the IPSASB's December 5 - 8, 2017 meeting in Toronto, Canada.

  • 00:10 – Welcome and introduction
  • 00:56 – Chair’s meeting overview
  • 02:35 – Strategy and work plan consultation
  • 06:29 – Leases
  • 08:21 – Public sector measurement
  • 10:27 – Heritage
  • 13:34 – Chair’s summary of the IPSASB’s year
  • 16:18 – Closing remarks
Meeting Highlights Listen & Subscribe in iTunes

Registration Now Open for World Congress of Accountants 2018 Sydney, Australia

English

The excitement is building and registration is now open for the world’s largest gathering of accountants: the World Congress of Accountants (WCOA) 2018 in Sydney, Australia, November 5-8, 2018.

Held in the new International Convention Centre on the world-famous Sydney harbor and co-hosted by Chartered Accountants Australia and New Zealand and CPA Australia, the 20th WCOA promises to be the biggest and most exciting congress yet.

IFAC’s member organizations have always played an important role in telling millions of professional accountants about the importance of WCOA. For WCOA 2018, that role has never been easier.

From now until the congress starts in Sydney next November, our member organizations will have access to innovative, regularly-updated multi-media tools and content including: press releases, social media content, news updates, videos, and photos.

IFAC members will be able to access these materials after subscribing to the WCOA newsletter for regular updates. In the coming weeks, you will receive the newsletter and information on how to set up an account and password to start utilizing the WCOA Brandfolder.

The WCOA 2018 program will explore a range of key themes, including:

  • protecting the public interest and building prosperity;
  • addressing the leadership challenge;
  • embracing disruptive technologies and innovation;
  • enhancing ethics and integrity; and
  • exploring sustainable solutions to business, social enterprises, and economies.

ACCA and one of Australia’s leading universities, RMIT, are WCOA 2018’s debut sponsors but there are many additional sponsorship opportunities available. 

Agreed-Upon Procedures Engagements

A Growth and Value Opportunity

This publication outlines what an agreed-upon procedures engagements is, identifies the benefits to clients of offering such services, and when such engagements are appropriate. It also covers examples of financial and non-financial information AUP engagements and six short case studies with example procedures that might be applied.

IFAC
English