Professional accountants – the future: 50 drivers of ...

1 Professional accountants the future : 50 drivers of change in the public sector About ACCA Part of our ground- ACCA (the Association of Chartered Certified accountants ). breaking Professional is the global body for Professional accountants . It offers accountants the future business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek series, this is the first a rewarding career in accountancy, finance and management. report to focus exclusively ACCA has 188,000 members and 480,000 students in 178 on identifying the 50. countries 64,000 currently working within the public sector . ACCA supports all its members and students to develop drivers of change that successful careers in accounting and business, with the skills are expected to have an required by employers.

2 ACCA works through a network of 100 offices and centres and more than 7,110 Approved impact on the public Employers worldwide, who provide high standards of employee learning and development. Through its public sector and the likely interest remit, ACCA promotes appropriate regulation of timing of these, and accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence. assess how Professional Founded in 1904, ACCA has consistently held unique core accountants will need to values: opportunity, diversity, innovation, integrity and continue to play a pivotal accountability. It believes that accountants bring value to economies in all stages of development and seeks to role in the decade ahead. develop capacity in the profession and encourage the adoption of global standards.

3 ACCA's core values are aligned to the needs of employers in all sectors and it ensures that, through its range of qualifications, it prepares accountants for business. ACCA seeks to open up the profession to people of all backgrounds and remove artificial barriers, innovating its qualifications and delivery to meet the diverse needs of trainee professionals and their employers. In June 2016 ACCA formed a strategic alliance with Chartered accountants Australia and New Zealand (CA ANZ). The alliance represents the voice of 788,000 members and future Professional accountants around the world, who share the commitment to uphold the highest ethical, Professional and technical standards. More information is available at: The Association of Chartered Certified accountants December 2016. Foreword 3.

4 The global public sector landscape is There are several factors driving change: changing. The public Professional some of these, such as an ageing accountant has the opportunity and population, will affect the level and type of responsibility for making sure that scarce public services needed in the future , while public funds are used well to provide others, such as the amount of economic value-for-money public services that growth, will influence the level of funds meet citizens' needs. available for public sector spending. Other factors will change the very nature of public In this Professional accountants the services, particularly technological advances future : 50 drivers of change in the public (such as digital facilities). The blurring of the sector report, ACCA identifies the main boundaries between the public and private drivers for change that will affect the global sector in providing public services, through public sector landscape, and assesses the outsourcing or public Private Partnerships likely timing of the changes.

5 In this, ACCA (PPPs), will increasingly feature. was supported by public sector leaders and managers, public Professional The public sector finance function will need accountants and academics across the to adapt to these prevailing winds of globe. A global survey was complemented change. Professional accountants will need by deep dive' roundtables held in 11 to hone their technical and specialist skills, countries, from the US in the west to China as well as developing new attributes, to be in the east. ACCA thanks everyone ready to embrace new challenges and involved for their invaluable insights and make the most of new opportunities. contributions. This has helped to identify the top three drivers across each of eight It is an exciting time to be a Professional categories (economy; politics and law; accountant in the public sector .)

6 It is a huge society; business of government; science opportunity to help shape the public and technology; environment, energy and services of the future , achieving value for resources; the practice of accounting; and money and long-term sustainability. the accountancy profession). Stephen Emasu Chair of ACCA's Global Forum for the public sector Participants 4. CHINA Julius Omondi Aloo, Senior Accountant, Dato' Lukman Ibrahim, President of Ding Aiyun, Director, Shanghai Qingpu National Housing Insurance Function ACCA Malaysia, MAC. District Finance Bureau Jackson Gachara, Financial Accountant, Datuk Nur Jazlan Mohamed, Minister You Baojian, The first affiliated hospital, Kenya Electricity Transmission Company of State for Home Affairs, formerly PAC. Xi'an Jiao Tong University (KETRACO) Chair and current ACCA Council Dr Huang Changyin, Lecturer, Shanghai Benard Nyarega Gekone, Revenue member, Malaysian Government National Accounting Institute Accounting Finance Division, Dato Dr Amin Khan, Head of the public Zheng Daxi, Finance, Hospital Kenya Power Service Delivery Transformation group, Zhou Jing, Supervisor, Shanghai Customs David O Gichana, Deputy Auditory Performance Management and Delivery General, Office of Auditor General Unit (PEMANDU).

7 Mu Tao, Supervisor, Shanghai Stock Republic of Kenya Subramaniam A/L Krishnasamy, Senior Exchange Jeniffer Kamande, Chairperson, AWAK Officer, Industry Relations Division, Ministry of Higher Education IRELAND Leonard Milgo, Office of Auditor Terence Ahern, Finance Manager, General Republic of Kenya YM Raja Azura binti Raja Mahayudin, Iarnrod Eireann Aori Geofrey Momanyi, Manager CEO, Yayasan Peneraju Damien Byrne, Financial Management Strategy Delivery & Coordination, Dr Nurmazilah Dato' Mahzan, CEO, MIA. Unit, Dept. of Justice & Equality University of Nairobi Enterprises and Assoc. Prof. Dr Muslim Har Sani Lawrence Byrne, Professional Services Ltd Mohamad, Head of Accounting Accountant, An Garda Siochana Dorcas Moraa Nyauma, Lecturer, Department, IIUM. Anna Collins, Management Accountant, Teachers Service Commission Dr Yacob bin Mustafa, Pengarah, Dublin Bus Caroline Wangui Ndirangu, Program Bahagian Perkhidmatan Operasi Pusat Director, CEZAM & Associates Limited dan Agensi, Accountant General Joe Hanahoe, Accountant, public John Ndunyu, Parnter, KPMG Department Appointments Service Evanson Kairu Nganga, Officer Kamarul Ariffin Ngah, Financial Advisor, David Heney, Assistant Principal Case Domestic taxes - medium tax payers Ministry of Finance Management System Architect, Office of the Director of public Prosecutions office, Kenya Revenue Authority Zulfa Abdul Rahman, Manager, MIA.

8 Anne Hurley, Lecturer and Programme Steve Otieno Odhiambo, Consultants, Assoc. Prof. Dr Zakiah Binti Saleh, Chair, Dublin Institute of Technology Private Business Deputy Dean (Higher Degree)/Director, Edward Ouko, Auditor General, Office UM Graduate School of Business, Faculty Karen Kehily, Accountant, Houses of of Auditor General Republic of Kenya of Business and Accountancy, UM. the Oireachtas Eunice Peter Achenda, Manager Audit, Gary Dinesh Selventhiranathan, Jim Kelly, Senior Official, Dublin City Office of Auditor General Republic of Associate Director, NKRA Reducing Council Kenya Crime, Performance Management and Niall Kelly, Head of Internal Audit, Delivery Unit (PEMANDU). An Garda Sioch na Irene Waitherero Rugiri, Financial Analyst, Central Bank of Kenya Arief Putera Mohd Sharipudin, Deputy Olubusola Laiyema, Administrative Director Jabatan Operasi Cukai, Inland Officer, Dept.

9 Of public Expenditure Sisiwa Chepkorir Muznah, Chief Revenue Board & Reform Accountant, Energy Regulatory Commission Faziyatun Mohamed Yahya, Timbalan Des Maguire, Head of Finance, Cavan Pengarah, Seksyen Pembangunan County Council David Wanjohi King'ori, Legal/Program Perakaunan dan Pengurusan Strategic, Tim Maverley, Head of Financial Officer, Council of Governors Accountant General Department Management, Dept. of Justice & Equality Normahiran Yatim, Head of Learning MALAYSIA. Breda McCarthy, Financial Management Centre, Professional Accounting Dato' Richard Abbas, The Representative Accountant, Wicklow County Council Studies, UITM. for Asia Council member, Council of Shirley Moloney, Library Staffing & Chartered accountants Australia and Nik Hasyudeen Yusoff, Former Finance Manager, University College New Zealand (CAANZ) Chairman, Audit Oversight Board, SC.

10 Dublin Dato' Yusli Bin Mohamed Yusoff, Zakaria Bin Hj Ahmad, Ketua Penolong Helen Murphy, Administrative Officer, Pengarah Kanan, Bahagian President, Malaysian Institute of Dept. of public Expenditure & Reform Perkhidmatan Operasi Pusat dan Agensi, Corporate Governance M ire O'Mahony, Professional Accountant General Department Accountant Grade 1, Dept. of Jobs, Dr Norhayati Alias, Senior Lecturer, UITM NIGERIA. Enterprise & Innovation Ndu Benjamin Chibuzo, Assistant Dato' Mohammad Faiz Azmi, President/ Manager for Tax, Nigerian Federal Colm Sharkey, Finance Officer, Mater Chairman, MIA / PwC Malaysia Inland Revenue Service (FIRS). Dei Institute of Education Datuk Surendran Balan, Ketua Chimenka Ezeribe, Current President of Komunikasi Korporat, public Service ISACA, Abuja Chapter KENYA Malaysia (Jabatan Perkhidmatan Awam).