Lupi happy with NBAA recognition for best accounts presentation

06Dec 2021
By Guardian Reporter
Dar es Salaam
The Guardian
Lupi happy with NBAA recognition for best accounts presentation

A best presented financial statements for year 2020 award which Public Sector Social Security Fund received from National Board of Accountants and Auditors last week is testimony that the fund invests a lot in better book keeping practices.

Public Sector Social Security Fund’s director of finance, Beatrice Musa Lupi receiving the Best Presented Financial Statements for the Year 2020 Award in the category of social security and health funds from the government’s chief accountant, Leonard Mkude during an annual event organised by National Board of Accountants and Auditors held in Dar es Salaam on Friday. Photo: Guardian Correspondent.

PSSSF Director of Finance, Beatrice Lupi said in Dar es Salaam on Friday after receiving the award that as a pension fund which keeps billions of shillings in members’ cash, there is need to maintain high professional standards keeping of financial records.

“This award also means that we at PSSSF prepare our account records using the latest international standards as defined by audit and accounting bodies including NBAA,” Lupi said while stressing that PSSSF will continue to exercise professionalism in the conduct of its duties to ensure that members contributions are safe.

She pointed out that as a public institution, PSSSF is duty bound to adhere to best professional practices by making sure that its books of accounts are in line with both NBAA guidelines but also civil service regulations.

“In addition, this award gives our members confidence that their savings are safe because the fund is adhering to best professional practices that conform to international accounting standards,” she added noting that the award will simply motivate the fund’s management and staff to work even better and harder.

“But more importantly, this award also assures our members of a better and predictable bright future because their savings are in safe hands,” Lupi noted.