04/08/2022
Most of the accountants, tax agents and auditors in PNG do not meet international standards, according to the Certified Practicing Accountants of Papua New Guinea (CPAPNG). The CPAPNG will do a qualitative review of all its practitioners in the coming months.
‘There is no review done on them in terms of the application of the standards and the requirement of being an auditor,’ reportedly said Richard Kuna, CPAPNG Chairman. ‘Once they go through the qualitative review, their skill levels will be elevated and they will be forced to train their staff to the standard required.’ (Post-Courier)