Robust Scrutiny Awaits Liberia’s “Weak” Accounting Curriculum – LICPA Assures
MONROVIA: In an effort to make Liberia an enviable country for higher education, the Liberia Institute of Certified Public Accountants (LICPA) has disclosed that plans are underway to scrutinize and improve Liberia’s current accounting curriculum for higher learning institutions; so as to meet international standard; which could help put the country’s accounting teaching methods on par with other nations in the sub-region and the world at large.
According to LICPA’s president, Victor S. Tanwone, the present teaching syllabus that is being administered by higher learning institutions in Liberia need to be urgently reviewed because; some methods are not globally- friendly and as such, LICPA is prepared to provide regular update to universities, colleges and other professional schools that are offering certificates, diploma, and degree in the accounting profession.
He expressed optimism that regular update of universities and colleges curriculum by LICPA has the ability to put Liberians and others acquiring accounting education to be knowledgeable about current issues that are included in the accounting profession; which is globally practiced by state and non-state actors.
Mr. Tanwone further said the inability for LICPA to urgently aid learning institutions operating in Liberia could allow critics to question the role of the body that has the primary role to set professional standards, promote and regulate accountancy profession in Liberia for societal good, thus providing correctional proposal to promote 21st-century accounting procedures in Liberia.
“We are interested for institutions and individuals to trust Liberians and others who have acquired accountancy, and others who are still learning the accounting profession at higher learning institutions in Liberia presently,” he pointed out.
At the same time, he disclosed that LICPA signed a memorandum of understanding with the Stella Maris Polytechnic (SMP) on January 29, 2019, that seeks to raise the standard of the accounting profession in Liberia via the mixture of strong, resourceful, standardized and existing accounting education with the help of world-class instructional materials and staff members.
According to the MOU, meaningful regulation and professionalism are expected to bring sanity to the accounting profession, thus augmenting the number of competent accountants-and the possibility of bringing to an end the importation of certified accountants in the country by international Non-Governmental Organizations (NGOs) and other development partners.
On the other hand, the objectives, as indicated in the MOU will be accomplished by way of LICPA’s Integration Program, and also the inclusion of it professional accounting credential programs will be rightfully included into the accounting curriculum of Stella Maris Polytechnic.
Meanwhile, Mr. Tanwone made these assertions when he was recognized as the Most Outstanding Professional Accountant by a renowned global media group-African Journalists Network.