1. Lessons Learned and Recommendations
Ignatius Sehoole – Chair, IFAC Developing Nations Committee

2. Recommendations Needs of SMEs and SMPs
Access and understandability of standards, particularly accounting
Translation
Implementation guidance

3. Recommendations Corruption and Ethics
Need behavioral and structural change
Ethics education at all levels
Profession should lead by example and promote anti-corruption laws and regulations

4. Recommendations Education Adopt regional approach
Share curricula and expertise
Engage relevant stakeholders to effect change
Institutional capacity and resources absolutely vital to address issues

5. Recommendations National Accountancy Bodies
Must have strong government support
Need to focus on private and public sector
Importance of accounting technician development
Developing a plan for 16 countries not represented at this Workshop
Donor and established professional body assistance required

6. Recommendations Corporate Governance
Profession should promote the benefits to leaders of African society
Consistency of corporate governance and company law
Training

7. Recommendations Public Sector Accounting and Auditing
Strong legal framework for financial management
Education and training resources
Development of monitoring and evaluations systems

8. Next Steps Africa Focus Group formed
ECSAFA
ABWA
FIDEF
IFAC (coordination and facilitation role)
Initial funding from World Bank and African Development Bank

9. Africa Focus Group - Priorities
Strengthen regional cooperation and action
Creation of Pan African Institute of Accountants
Develop and promote regional Accounting Technician training and certification scheme