As part of the implementation of the Uniform Act of January 26, 2017 on Accounting Law and Financial Reporting (AUDCIF), the Permanent Secretariat has set up a pool of technical skills to assist the accounting and auditing professionals in the application of the revised SYSCOHADA.

In this context, the firm FIDECA, which led the reform of the OHADA accounting system, was charged with a dual mission, namely:

• animate, on the OHADA Accounting Standards Commission (CNC-OHADA) website, debates on the latest news on international accounting standards and more specifically those related to the implementation of the AUDCIF;
• produce draft technical opinions and recommendations for OHADA Permanent Secretariat in areas of accounting standards, in support of the OHADA Accounting Standards Commission (CNC-OHADA);

It is in this context that Internet users have already sought and obtained from OHADA technical advice on issues as diverse as the accounting treatment of electronic money in circulation, the type of proforma accounts, depreciation based on income,the qualification criteria of leases, the component approach and the loss of value, decommissioning obligation, the difference between security and spare parts, the partial revaluation, provisions for retirement benefits, the associations and NGOs accounting plan... All questions and answers are freely available here.

The Permanent Secretary welcomes the quality of these constructive exchanges, which will contribute in improving the quality of the financial information produced in the OHADA Member States. Many complementary actions are planned for the coming months, of which:

• the organization of training sessions for level 2 trainers in each of the OHADA Member States for accounting teachers, staff of Courts of Auditors, Tax Administration and other professionals in financial management;
• the training of accounting and auditing professionals on ISA auditing standards, the Code of Ethics and Professional Conduct and the use of audit and practice professional guides for the accounting profession as well as the quality assurance system;
• the States' support for the creation and the operationalization of the National Accounting Councils.

The Permanent Secretary thanks the World Bank Group, which accompanies the entire process.

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The Permanent Secretary,
Prof. Dorothé C. SOSSA
www.ohada.org