COASCO urges cooperatives leaders to strengthen governance

DODOMA: LEADERS and executives of cooperative societies have been urged to prepare implementation plans and ensure that knowledge gained from training is translated into improved governance, accountability and management of their respective societies.

The call was made yesterday by the Director General of the Cooperative Audit and Supervision Corporation (COASCO), CPA Alphonce Muro, when opening a three-day training for cooperative leaders and executives at Mabeyo Hall in Dodoma.

CPA Muro urged participants to share the knowledge gained with colleagues upon returning to their respective societies, review key systems, address recurring audit issues and assess the impact of the training.

“After this training, it is important to prepare an implementation plan, share the knowledge with others when you return to your societies, review key systems, address recurring issues and assess the results of the training,” CPA Muro said.

He said the training focused on key areas directly related to governance, accountability and the performance of cooperative societies, as well as safeguarding members’ resources.

The training covered the presentation and interpretation of financial statements in accordance with IFRS 18, taxation matters and the Finance Act, 2026, environmental, social and governance (ESG) issues, key principles of internal auditing, preparation of year-end financial statements, cybersecurity and data privacy.

COASCO Director of Advisory and Research Services, CPA Golden Kajaba, said the three-day training brought together cooperative leaders and executives to enhance their capacity and improve the management of cooperative societies.

Speaking on behalf of participants, CPA Hilda Loishiye from Bima ya Afya SACCOS said the training had enhanced their understanding of financial management, compliance with legal requirements and proper use of digital systems.

She said participants would apply the knowledge gained to improve performance and management of their respective cooperative societies.