Auditors, accountants being trained for oil and gas sector

To build the capacity of local businesses in the area of Auditing and Accounting, the Association of Chartered Certified Accountants (ACCA) signed a Memorandum of Understanding (MoU) with the American Chamber of Commerce (AmCham) on Monday.

According to President of AmCham, Zulfikar Ally, the partnership will see more training opportunities for local businesses in areas critical to the emerging oil and gas industry.

He told the media at the signing ceremony at the Marriott Hotel that focus will be placed on anti-money laundering, global recognition, new accounting practices and ethics.

“This partnership will allow AmCham Guyana Inc. to better promote the development goals for our members and the private sector in Guyana which we aspire to do,” Ally noted.

Signing the MoU on behalf of the ACCA, Shelly-Ann Mohamed, who is the head of the body’s Caribbean arm, noted that strong auditing and accounting skills are critical to boosting local content.

“I think it is going to be really important to build the finance department of those oil and gas companies because they’re going to need strong auditing; they will need strong accounting back ground.

“Some of these might be global companies so their standards will need to be in alignment with global regulations and what it means to them,” Mohamed said.

Featured speaker at the event, Dr. Yesu Persaud urged businesses to use the opportunity to ensure that their staff are equipped to push their companies forward.

The American Chamber of Commerce Guyana Inc. launched its local arm in August to promote trade between the United States and Guyana while partnering with local businesses to build capacity.