Monrovia – The Liberia Institute of Certified Public Accountants (LICPA), in line with its rules and regulations, has elected its new corps of officers to run its affairs for the next three years.
The incumbent president, Mr. Victor Tanwone Sr. and vice president Papin Daniels Jr., got re-elected on white ballots, while Mohammed B. Korleh defeated his rival to become the Institution’s new Council Member during its Annual General Meeting (AGM) held over the weekend in Monrovia.
The AGM brought together members from across various accountant firms in Liberia and its statutory members from the Ministry of Finance and Development Planning (MFDP) and the Central Bank of Liberia (CBL), among others.
The Liberian Institute of Certified Public Accountants (LICPA) was established by an act of Legislature in June 2011 to regulate the accounting profession in Liberia.
The LICPA is empowered to set standards, license accounting and assurance practitioners, build capacity and do all things appertaining to regulating the accounting and assurance professions aimed at building a strong and vibrant public accounting sector in the country.
Addressing reporters right after his re-election as president, Mr. Tanwone, on behalf of the elected officials thanked his colleagues for the confidence imposed in them to serve for another three years.
“I am pleased to extend thanks and appreciation to the members of the LICPA for the confidence re-imposed in us by electing us on white ballots and that speaks volume,” he said.
“We want to assure them and the Liberian people that we will not be a disappointment to them, but will do everything in our strength to grow the LICPA from where she is now to play her role as enshrined in the Act creating the Institute.
He named the purchase US$85,000 building to host the Institute’s secretariat as one of his leadership’s highest achievements; something he said was the first of its kind since the establishment of the body in 1933. The dedication of the building is tentatively scheduled for December this year.
He said his leadership also increased the number of students for the professional and ATSWA programs to 185 and 350 respectively; and reduced the dependence on government subvention by increasing internal revenue generation.
According to him, under his leadership which started from November 15, 2018 to date, LICPA has generated a total of US$544,041.54 net of CPDs, membership levies dues and government grant. This was made possible through the leadership’s strategy captioned “Professionalizing the public sector,” he noted.Under […]
