INSTITUTE OF SOLOMON ISLANDS ACCOUNTANTS MEDIA RELEASE - PROFESSIONAL DIPLOMA PROGRAM GRADUATION 2024

Title: ISIA congratulates graduands of Australia-funded Professional Diploma in Accounting Program.

Fifty-two (52) accountants from both the public and private sectors have graduated with a Professional Diploma in Accounting – a professional program delivered by the Institute of Solomon Islands Accountants (ISIA) on 16 th of September.

This graduation ceremony is for the second cohort of students who completed the Professional Diploma in Accounting Program. The first cohort completed the program in 2023.

ISIA, with continued support from the Australian Government, delivers the program in collaboration with the Institute of Public Accountants (IPA), and Monarch Institute.

ISIA CEO, Pamela Naesol-Alamu said ISIA is highly appreciative of both Solomon Islands and Australian governments support in its endeavors to raise the standards of the accounting profession in the country.

“To raise professional accounting standards, we need to develop a pool of highly competent accountants, and professional development programs such as the Professional Diploma in Accounting are aimed at equipping accountants with technical knowledge and enhancing their capabilities to provide high quality services to their employers and clients”.

The program has four modules which covered key accounting competencies that are expected of professional accounting personnel.

This is targeted for technician accountants and registered bookkeepers and includes a Tax & Law module contextualised to the Solomon Islands Tax and Company Law.

Speaking to the graduates, Australia’s Deputy High Commissioner to Solomon Islands, Andrew Schloeffel, said, “Australia is proud to be a long standing supporter of the Institute of Solomon Islands Accountants and to be able to provide scholarships for many of the participants in this course. A strong cadre of accounting professionals including the graduates here today is critical to lifting the standards of accounting across Solomon Islands, fostering good governance, and contributing to sustainable economic growth”.

Institute of Public Accountants Chief Executive Officer, Professor Andrew Conway, said, “Australia and the Solomon Islands are neighbours and long-time friends.

The IPA Group is committed to capacity building in the Pacific region. The IPA Group are proud and value our role as the ISIA’s partner of choice to develop education for the accounting profession in the Solomon Islands.

“I was delighted to be able to attend this graduation and celebrate the achievements of this second cohort of the Professional Diploma in Accounting; a program designed to best practices and aligned to the Solomon Islands taxation and legal framework. This Diploma will position the graduates for successful careers in accounting and drive economic value in the Solomon Islands. I commend the vision of the Institute of Solomon Islands Accountants and thank the Australian Government for their support in this important program and for their continued support for the next cohorts of students”. 

ISIA CEO Ms Naesol-Alamu said, “once again it’s been about effective partnerships and collaborations geared to achieve the desired outcomes that are to the benefit of the whole Solomon Islands and those who contribute to its economic growth.”

ISIA intends to provide more professional development opportunities to enhance accountants’ knowledge and skills in the country, and a professional membership pathway for its members to allow them to progress toward higher professional accreditation. Employers in both public and private sectors, business houses and everyone that relies on the services of accountants should support the work of the Institute as Solomon Islands stands to gain many economic benefits with a strong local accounting profession.

End://

For more information, contact ISIA Media on This email address is being protected from spambots. You need JavaScript enabled to view it. or call 20131

 

The Institute of Solomon Islands Accountants (ISIA) today launched its first ever Congress at the Heritage Park Hotel with the theme “Building for a Sustainable Future for SI: The Role of the Accounting Profession in Nation-Building”

ISIA will be hosting its inaugural Accountants Congress this year on the 17th of September 2024 at the Heritage Hotel, Honiara.

ISIA, is the Solomon Islands national Professional Accountancy Organisation mandated by the Accountants Act 2010 to develop and regulate the SI accounting profession.

They will be partnering with the Institute of Public Accountants, and the Australian Government to host this high profile event which is intended to bring together business leaders, industry experts, government representatives, donors and the accounting profession together to effectively dialogue and seek prospective collaborative solutions to nation-building for Solomon Islands.

The overall objective of the Accountants Congress is to facilitate discussions between private sector business community, industry experts, government and the accounting profession on relevant matters affecting the SI economy, business practices and the development of the local accounting profession.

At the launch, ISIA announced the Australian Government as the Platinum Sponsor for the Congress. The Australian Government has been supporting capacity building within the ISIA Secretariat over the past 6 years, and pledged SBD200,000 to support ISIA host this Congress.

Australian High Commissioner to Solomon Islands, His Excellency Rod Hilton, praised ISIA’s efforts to develop and grow the accounting profession in Solomon Islands.

“The Congress will be an important opportunity to discuss how accounting professionals and institutions can support sound economic policy making and the building of a strong, sustainable future for Solomon Islands.”

ISIA Council acknowledges the commitment and support of the Australian Government with the generous financial sponsorship to facilitate the operations and administration of the Congress.

The Institute would also like to acknowledge the Solomon Islands Ports Authority (SIPA) as the Gold Sponsor for this Congress by pledging SBD50,000 in support.

SIPA is proud to be a gold sponsor to the inaugural Accountants Congress to be hosted by ISIA later this year. SIPA sees this as a great initiative to begin the journey toward strengthening the role of the accounting profession in our nation building.

Other remaining sponsors that have pledged assistance in cash or in-kind towards the congress logistics include the Institute of Public Accountants (IPA), Solomon Power, Institute of Chartered Accountants of Australia and New Zealand (CAANZ), the Confederation of Asia Pacific Accountants (CAPA), Heritage Park Hotel, British American Tobacco Solomon Islands, Real Solutions, Stewardship Accountants, and Total Print Solutions.

The Congress will provide an opportunity for participants to:

✓ listen to prominent international speakers and leaders in finance and the business community sharing ideas and views with accountants

✓ discuss current issues and trends affecting the profession, the business community and the SI economy as a whole

Congress topics include the role of the accounting profession in developing a sustainable SI economy, partnership and collaboration in the region, current SI tax reforms, governance and ethics, artificial intelligence, digital transformation, empowering and embracing new changes, opportunities through the MSME sector and many more.

ISIA is excited to announce the opening of its online registration form for Congress. Members and Non-members, who can access the online registration form link via ISIA website https://www.isia.org.sb.

For more information on Congress 2024, please contact the secretariat on mobile: 677 20131; email: This email address is being protected from spambots. You need JavaScript enabled to view it. / This email address is being protected from spambots. You need JavaScript enabled to view it.

CEO - Pamela Naesol Alamu

The Institute of Solomon Islands Accountants (ISIA) is proud to announce that its CEO, Ms Pamela Naesol-Alamu, has been honoured with the prestigious Best Accountancy Regulation CEO 2024 (Oceania) award by APAC Insider.

APAC Insider is a leading publication that plays host with many of the world's biggest businesses
and 2000 members globally, among them world-wide brands such as Toyota and Samsung. With over 160,000 readers, the magazine is quickly becoming the top choice for leaders, offering unmatched insights into business strategy, trends, and growth opportunities in the Asia-Pacific region. APAC Insider is dedicated to recognizing and awarding companies and individuals shaping the business landscape in this dynamic region.

Ms. Naesol-Alamu's outstanding leadership and dedication to the advancement of the accounting
profession in the Oceania region have been recognized by APAC Insider in its third APAC CEO of the Year Awards. Her relentless efforts in driving innovation, fostering excellence, and adapting to industry challenges have positioned her as a trailblazer in the field.

In response to this honour, Ms. Naesol-Alamu expressed her gratitude, stating, "I am truly humbled and honoured to receive this award, which came as a pleasant surprise. I am deeply passionate about my work and committed to elevating the standards of the accounting profession in the Solomon Islands. I firmly believe that the accounting profession plays a pivotal role in supporting sustainable economic development and nation-building, and I am privileged to contribute to this cause in my role as CEO of the Institute."

The selection process for the APAC Insider awards involves a thorough evaluation of nominees commitment, expertise, and innovation, supported by nomination information, voting data, and extensive research. Its merit-based approach enforces the stance that victors are not determined by the popularity of votes but by nominees, contributions.

ISIA President, Mr. Johnson Lobo, remarked, "It came as no surprise to us as Ms. Naesol-Alamu's commitment, determination, work ethics and sacrifice to ensure ISIA meets its strategic objectives speaks for itself. We are proud and fortunate to have her as CEO of the Institute. Despite a very
small workforce and limited financial resources we have achieved many things, which again is a testament to Pamela’s leadership”.

About the Institute of Solomon Islands Accountants:
The Institute of Solomon Islands Accountants (ISIA) is established by the Accountants Act 2010 to regulate the registration and conduct of accountants in the Solomon Islands. ISIA is committed to promoting excellence in the accounting profession, providing education, training, and advocacy to its members, fostering their professional growth and development.

For more information about the Institute of Solomon Islands Accountants and its initiatives, please visit www.isia.org.sb.


 

Thursday 11 April, Honiara - The Institute of Solomon Islands Accountants (ISIA) will be hosting its inaugural Accountants Congress this year on the 17th of September 2024.

The 2024 Accountants Congress will be hosted with the theme ‘Building for a Sustainable Future for Solomon Islands: The Role of the Accounting Profession in Nation-Building’.

The Accountants Congress is an event that Professional Accounting Organisations (PAOs) around the world host annually as a platform to facilitate discussions on relevant matters of national interest with the government, business communities, industry experts and the finance and accounting professionals.

ISIA, as the Solomon Islands national PAO mandated by the Accountants Act 2010 to develop and regulate the SI accounting profession, will be partnering with the Institute of Public Accountants (IPA Australia) and the Chartered Accountants of Australia and New Zealand (CA ANZ) to host this high-profile national event.

ISIA Chief Executive Officer, Ms Pamela Naesol-Alamu said the intention of this Congress is to bring together business leaders, industry experts, government representatives, donors, and the accounting profession together to effectively dialogue and seek prospective collaborative solutions to support sustainable nation-building efforts for Solomon Islands.

“The overall objective of the Accountants Congress is to facilitate discussions between the private sector business community, industry experts, government and the accounting profession on relevant matters affecting the SI economy, business practices and the development of the local accounting profession,” she said.

The Congress will provide an opportunity for participants to listen to prominent international speakers and leaders in finance and the business community share ideas and views with accountants and debate current issues and trends affecting the profession, the business community, and the Solomon Islands economy.

The 2024 Accountants Congress is expected to have presentations from various sectors including from the accounting profession, Government, financial institutions, donor partners, private sector, and other professional bodies.

Overview of the topics for discussions includes the Solomon Islands economy, relevant business issues affecting local businesses, accounting issues both globally and nationally including ethics and good governance, change management and effective transformation and the key to achieving success.

ISIA Media

ENDS///…


 

Wednesday 10 April, Honiara - The Institute of Solomon Islands Accountants’ (ISIA) key strategic areas of focus for the next two years are education and learning development, and capacity building of the Institute’s Secretariat to ensure operational sustainability for ISIA in the future.

New President of ISIA’s Council of members, Mr Johnson Lobo made these remarks during the Institute’s Annual General Meeting (AGM) on Thursday 4th April at the Heritage Park Hotel in Honiara on behalf of outgoing President, Mr Peter Lokay.

Mr Lobo said the primary focus will be on making available in-country relevant high quality education programs and events aimed at enhancing accounting skills, competencies, and capabilities and also to raise the profile of the accounting profession locally.

“The overall intention is to build a pool of highly competent accounting professionals trained with internationally accredited education programs to deliver high quality financial and accounting services in both the private sector and public sector over the next five years.

“We believe that this approach should effectively contribute towards addressing the current gaps identified in the accounting skills shortages, particularly in the local industries,” he said.

Mr Lobo highlighted that continuous development of relevant high-quality accounting education programs at both the academic and professional levels will have a direct impact on raising the standards of technical and leadership skills and competencies of ISIA members.

“This, in turn, will directly impact on the quality of accounting and financial services our members can deliver to their employers and clients in the respective sectors they serve,” the ISIA President highlighted.

Mr Lobo added that the development and stabilization of the Secretariat’s capacity and capabilities is key to improving the quality of the services that ISIA can deliver to our members and stakeholders.

“Successful execution of implementing programs should effectively place ISIA in an ideal position to effectively deliver on its mandated roles and responsibilities as required under the Accountants Act 2010,” he said.

He said other areas that ISIA will be focusing on in the most immediate future include programs that aim to demonstrate the Institute’s commitment to promote inclusivity – by providing access to opportunities and resources for people who might otherwise be excluded or marginalized such as women and those with physical or intellectual disabilities or belonging to other minority groups.

Meanwhile, the ISIA President call on members and stakeholders in both the private and public sectors to support the work that ISIA is currently doing in the country.

“The accounting profession has a significant role to play in nation-building in Solomon Islands. A strong accounting profession has many benefits that will lead to increased economic growth, and we need the support of all our stakeholders to continue to develop ISIA to be a fully functional professional accounting organization (PAO),” he said.

-ISIA Media 

ENDS///…WITH PHOTOS

Captions:

PHOTO 1: The newly elected ISIA Council Members and CEO during the AGM on Thursday 4th April 2024.

New elected ISIA Council Members

 

 

 

 

 

 

 

 

 

 

 

 

PHOTO 2: New President of ISIA John Lobo addressing members at the AGM.

New ISIA President - Johnson Lobo

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PHOTO 3: Chief Executive Officer (CEO) of ISIA, Pamela Naesol Alamu delivering the CEO’s report during the AGM.

CEO-Pamela Naesol

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PHOTO 4: ISIA members voting for their new Council members during the AGM.

For media enquiries contact ISIA on phone 20131 or email This email address is being protected from spambots. You need JavaScript enabled to view it.