Patrício Vilar, who made a diagnosis of the Angolan public business sector this Thursday, at the presentation ceremony of the Roadmap for the Reform of the Public Business Sector, highlighted the significant steps that the country has taken in this regard, which was a national and international concern.
"In this regard, let me point out that, in the last two years, we have taken significant steps, recognized even by the IMF [International Monetary Fund], and proof of this is that the 15 largest companies publish their accounts on their 'sites' and on the IGAPE website and, as of last year, we started to publish all the accounts of the 81 companies, as well as the aggregated report", he stressed.
According to Patrício Vilar, despite these decisive steps towards better quality of financial reporting, its transparency, "we need to go further".
"Much further. We must, first, bet on the second axis [of the reform package] which is precisely management efficiency", said the official.
"We can have very beautiful models, but if we don't have someone who knows how to execute them, who knows how to control them, we won't be able to", he stressed.
In turn, the executive director of IGAPE, Augusto Kalilkemala, said that Angola currently has legislation that requires it to have quarterly reports, which have not yet been made.
"The aim is to create a tool that facilitates these quarterly reports, thus allowing the follow-up to be more efficient", he pointed out.
Augusto Kalikemala said that the publication of accounts on the 'sites' and the hiring of audits provide greater transparency.
As part of the intended reform, the official stressed that the management report, which includes the financial statements, the opinion of the supervisory board and a report and opinion of the internal auditor, will become instruments for rendering accounts.
"There is an IT tool that is being developed, which is an instrument that IGAPE, as supervisor of the public business sector, is developing, to facilitate the process of collecting information that is reported in the management report and the financial statements and more easily to produce the information that must be disclosed in the market", he stressed.
