 The Chartered Institutes of Treasury was passed into law at the second quarter of this year, 2022, by the President Muhammad Buhari and made an act of the National Assembly. But members of institutes want more powers given to the institutes, as it seeks to create a pathway towards promoting not only the study, but the practices of properly managing the Treasury as a safeguard against fraud, misappropriation of resources placed in the custody of fund managers in both private and public sectors. Mr. Ulu Mide Adi Doi, Register Chartered Institutes of Treasury, said this during a briefing in Newsman in Abuja on Wednesday, stating that it is the only way that the country can benefit wholly from the expertise of institutes. There are some little processes and challenges within that platform, because the back end for the audits was not adequately secured. So if you do not secure the back end, despite being able to net resources and bring those resources, then there is a little bit of opening at the back that could lead to hemorrhaging of resources and so on. I think as it is, we have actually reached out to government on different fora, try to make them understand that the importance of putting this back end in check is quite what's important. This has to do together also with what is called a zero-based budget. And this coming when we are talking of international public accounting standard Ipsas, when we say we are coming or we are planning a Kua-based Ipsas, we are talking of capitalizing our assets. Now we don't want assets, say we are presently applying Kua-Ipsas, but I don't see it that way, because every year we budget for the same thing. Why should we throw away the chair that the director used and buy another chair for the next director? Why should the director go in and go with the vehicle that we just bought two years ago and another director has to buy a new vehicle? No, all this needs to be capitalized and depreciated just the way it is being done in private sector. It is when we do this, we will eliminate waste, we will manage capital expenditure effectively, and we will be able to progress in this country.