5.1.1
Intensify
Education
of
Business
Community
The
SEC
has
organised
several
training
seminars
for
companies
listed
on
the
Ghana
Stock
Exchange
(GSE)
with
its
own
resources.
Participation
at
these
seminars
is
voluntary.
The
Institute
of
Directors
(IoD)
still
focuses
on
educating
the
business
community
on
good
corporate
governance
practices.
5.1.2
Certified
Training
Programmes
for
Directors
and
Chief
Executive
Officers
The
IoD
runs
customized
training
programmes
three
(3)
times
a
year
for
directors
of
companies.
Organisations
that
have
benefitted
from
such
training
include
Student
Loan
Trust,
Quality
Assurance
Company,
and
Apex
Rural
Banks
among
others.
After
the
training
programmes,
the
IoD
supports
these
organisations
by
calling
on
them
from
time
to
time
to
monitor
progress.
5.2
National
Accounting
Standards
5.2.1
Educate
Accounting
Personnel
on
International
Accounting
and
Audit
Standards
The
Ministry
of
Finance
and
Economic
Planning
(MoFEP)
and
the
Institute
of
Chartered
Accountants
(ICA)
have
organised
workshops
on
International
Accounting
and
Audit
Standards.
These
workshops
have
targeted
the
public
at
the
launch
on
March
24th,
2007
of
the
International
Financial
Reporting
Standards
(IFRS).
The
institutions
have
however
been
slow
in
educating
the
accounting
personnel.
The
Ministry
is
advised
to
create
an
implementation
committee
like
the
International
Accounting
Standards
Committee
in
the
U.K.
to
help
interpret
the
IFRS.
The
capacities
of
the
implementing
bodies
should
also
be
strengthened
and
the
ICA
should
be
charged
with
implementing
and
monitoring
the
activities
over
a
longer-‐term
because
the
IFRS
cannot
be
learnt
in
detail
within
a
two-‐three
hour
workshop.
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