NBAA asked to chastise corrupt accountants

Minister for Finance and Planning, Dr Philip Mpango.

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FINANCE and Planning Minister Dr Philip Mpango has challenged the accountancy professional body, National Board of Accountants and Auditors (NBAA), to take stern action against accountants found corrupt, including publishing their names.

Dr Mpango said in Dar es Salaam yesterday that unscrupulous accountants and auditors were behind the tax evasion and cheating by business people, noting that there was no tax evasion without the aid of accountants.

The minister was addressing the Accountants’ Annual Conference shortly after unveiling the Accountancy Profession Centre (APC) at Bunju on the outskirts of the city. The centre has been built by NBAA in partnership with the Government Employees Pension Fund (GePF).

“This centre, for instance, had to be built at the cost of 14bn/- but due to the delay, the centre has been put up at the cost of 33bn/-, meaning we could have built two such centres,” said Dr Mpango, who represented the Prime Minister, Mr Kassim Majaliwa, at the event.

NBAA Executive Director Mr Pius Maneno said the board came up with the idea to put up the centre in 2004, pointing out the centre has 108 bedrooms, a conference hall with 900 seats, restaurant and sports ground.

“The centre will tremendously help us to save costs that were incurred for accommodation of accountants during conferences and other activities,” said the NBAA Executive Director. Mr Maneno added that centre will enable the board to cut operating costs, hence enabling financial resources to be injected into other development projects.

The NBAA Chairman, Mr Isaya Jairo, urged the government and other public institutions to use the centre, saying it would help the board to speed up repaying the loan amounting to 15bn/- to the National Social Security Fund (NSSF). He said the board was facing an acute shortage of staff thus posing a challenge in its activities, pointing out that the shortage stood at 30.7 per cent.

As for Accountants Annual Conference, Mr Jairo said the three-day meeting would focus on the role of accountants in improving governance and industrialisation in Tanzania, adding that the meeting would also discuss industrial economy, its opportunities and challenges.

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