Senior Accounting Standards Officer at Public Sector Accounting Standards Board (PSASB)

ASB 5 REF:PSASB/5/2023

Job Purpose

The position is responsible for supporting the implementation of the regulatory role of PSASB in prescribing the financial reporting standards, facilitating, and monitoring their application by all Government Commercial entities in line with Section 194 of the PFM Act (2012) and its Regulations.

Duties and Responsibilities 

• Assist in formulating accounting standards for public sector entities under the IPSAS and IFRS frameworks;
• Develop formats for financial statements and reporting to enable all state organs and public sector entities to comply with the prescribed standards;
• Participate in research towards standard setting activities in the directorate.
• Prepare responses to the consultation papers and exposure drafts issued by the international standard setting bodies.
• Prepare and assist in reviewing draft reports, letters, circulars and other communication materials to the public sector entities
• Prepare and review training materials for the dissemination of accounting standards in the public sector
• Supervise the planning for capacity building programs and standards dissemination activities in the directorate.
• Participate in capacity building of public sector entities on standards, templates, guidelines and accounting best practices.
• Participate in developing a roadmap(s) to transition to accrual accounting for public sector entities.
• Prepare guidelines on accounting standards and best practices
• Participate in providing technical assistance to public sector entities to comply with the set standards
• Ensure dissemination of standards, guidelines, and other materials
• Supervise the maintenance and update of a database for all public sector entities from time to time.
• Implementation of risk management Strategies and Business Continuity Plans in the Accounting Standards Directorate. 
• Assist in publishing and publicizing prescribed Accounting Frameworks, Standards, & guidelines for all public sector entities.
• Supervise, mentor and coach departmental staff.

Academic Qualification 

• Bachelor’s degree in any of the following disciplines:- Finance, Accounting, Accounting, or equivalent qualifications from a recognized institution;

Professional Qualification 

• Be a holder of CPA (K)/ACCA, CIFA or equivalent.
• Be a full member of ICPAK in good standing.

Other requirements 

• Senior Management Course lasting not less than four (4) weeks from a recognized institution 
• Have good knowledge and understanding of International Accounting Standards;
• Good communication and interpersonal skills; and
• Proficiency in Computer applications.

Relevant work Experience 

• Six (6) years cumulative work experience in Auditing, Finance or Accounting 
• Function in a reputable organization.

Deadline: 28th August, 2023 at 5.00pm.