In pictures.. Experts discuss the draft law related to the rules of public accounting and financial management – Al-Hiwar Algeria

The Finance and Budget Committee, chaired by Lakhdar Salmi, Chairman of the Committee, held today, Tuesday, a meeting devoted to hearing the President of the National Auditor of Accounting Experts, the President of the National Chamber of Accountants, as well as the President of the National Organization of Certified Accountants, within the framework of studying the draft law related to the rules of public accounting. and financial management.

At the beginning of the meeting, the Chairman of the Committee explained that public accounting is a special system for accounting information that governs the financial activity of public sector units of an administrative nature, and pointed out that this specificity derives from the fact that it deals with recording and monitoring the exchange and circulation of public money, due to its close connection with legislative texts of a nature Financial, as the legislator singled out a legal framework aimed at codifying and controlling public revenue collection mechanisms.

For their part, the experts explained that the financial accounting system did not come with new accounting principles and methods, but rather a methodology that makes accounting more organized in order to operate it in an effective manner, so that it can produce financial statements in accordance with international accounting standards, noting in the same context that the Algerian legislator specified the articles from 10 to 24 of Law 10/07 related to the financial accounting system within a conceptual framework for accounting.

In the same context, the experts explained that the accounting reforms in Algeria faced a set of obstacles, the most important of which was the failure to ensure continuity in modernization and reform, which created a rift between the trustees and institutions on the one hand and professionals on the other, before radical changes were known since the issuance of the financial accounting system on November 25. 2007, the most important of which was Law No. 10-01 of June 29, 2010 related to the profession of accounting expert, accountant, and certified accountant, which ended a major controversy over the powers between the National Council of Accountancy and the National Refiner of Accounting Experts, Accountant and Certified Accountant.

During the discussion, the deputies demanded that the reform strategy include the classification of state accounts in accordance with international standards for the public sector, with the development of a strategy to reform the legal framework of the public accounting system, which indicates changing the roles of persons in the public accounting system.

In addition to this, some deputies suggested promoting the reform and development of the public accounting system by improving the quality of government financial reporting to achieve transparency and rationality in the management of public funds.

The deputies concluded their concerns by talking about how the profession of the certified accountant is regulated within the framework of Law 10/01, while reforming it in light of the financial accounting system while respecting international accounting standards, as well as addressing the negative aspects related to the professional regulation of the practice of the accountant profession.