Also, governments have been charged to embrace transparency which will lead to improved economic growth and development while minimising corruption.
During a lecture titled, “Sustainable Economic Recession Growth And Development During A Recession: Practical Lessons And Professional Accountants’ Solution”, the guest lecturer asserted that accounting had the potential to cure and curb recession adding that the proper deployment of accounting will limit the effect of recession on the economy and speed up recovery from recession.
“Economic growth creates employment. It is the basis for human development. One can grow and not develop, but one can not develop without growth. As the economy grows and human capacity develops, it develops the economy. Higher level of income reduces infant mortality. “Development involves the empowerment of women, children and men. An increase in development increases life expectancy. It results in a high level of life expectancy. And Accounting plays an essential role in economic development”, he added.
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