The three-day forum, which brought together various stakeholders, was held at the Ocean Bay Hotel in Cape Point, Bakau. The forum also seeks to bolster investor confidence in the market, also served as a platform for stakeholders to address the challenges faced, explore innovative solutions and reinforce their collective commitment to excellence in financial reporting.
At the opening ceremony, Suleiman FODE Drame, Chief Executive Officer (CEO) of FROB, acknowledged that the establishment of FROB is a testament to their collective commitment to enhancing transparency, accountability, and integrity in financial reporting.
The forum, he added, underscores the importance of robust financial oversight and its role in fostering economic growth and stability.
“The success of FROB will be measured by the trust and confidence that stakeholders place in our financial system. Together, we can build a robust framework that supports sustainable economic development and instills confidence in investors, both local and international.”
Seedy Keita, Minister for Finance and Economic Affairs, said that the forum marks a crucial step in their collective journey towards enhancing financial transparency, accountability and integrity within the public interest entities and the wider economic realm.
He indicated that FROB is empowered with the necessary institutional instruments to supervise financial reporting, corporate governance, and the quality control of external audits, among other areas under its purview.
Minister Keita noted that the entities do not only drive economic growth and development, but also significantly impact public trust and confidence in their financial systems.
Also speaking at the event, Gibou Joof, Deputy Director of Internal Audit at the Public Utilities Regulatory Authority (PURA), acknowledged that FROB has started on the right footing with the engagement with the Public Interest Entity (PIEs).
He explained that engaging regulators at bilateral level would help increase sharing of knowledge and possibility of signing of Memorandum of Understanding on areas of mutual interest.
