The agreement builds on the strong connection between both organisations, which was created in 2015 under a Memorandum of Understanding (MoU).
The new agreement will focus on a number of capacity building projects, including supporting CPA Afghanistan to grow the pipeline of professional accountants, advising and supporting research and thought leadership developments to advance the accounting and finance profession in Afghanistan, and mentoring CPA Afghanistan for IFAC membership.
Helen Brand OBE, chief executive of ACCA comments: ‘CPA Afghanistan and ACCA are committed to the development and support of a sustainable accountancy profession in Afghanistan. Our work together is already reaping benefits – for instance, in the coming weeks, we’ll be celebrating the first ACCA members event in Kabul.’
‘We’ve put in place a robust framework that will strengthen the profession in Afghanistan. It’s really impressive to see CPA Afghanistan come so far, with the backing of the country’s government, and their commitment to grow the profession is to be commended.’
Muhammad Zarif Ludin, CEO at CPA Afghanistan adds: ‘The work to establish CPA Afghanistan began in 2013, and since that time we’ve been championing and advancing the profession. We are working to bring about high educational and ethical standards, and ensure there is the opportunity for individuals of ability to pursue globally relevant qualifications to enhance their career prospects. Ultimately, the work we do will bring immense benefits to Afghanistan’s economy.’
Under the new agreement, ACCA and CPA Afghanistan will continue with their existing programme of capacity building, and work together on areas of mutual interest such as supporting the continued successful delivery of scholarships through CPA Afghanistan for ACCA students, and establishing robust regulatory and governance frameworks for CPA Afghanistan. ACCA and CPA Afghanistan will also examine the possibility of jointly branded reports/surveys – including providing an Afghanistan perspective on topics of global interest.
Helen Brand concludes: ‘It’s a privilege for ACCA to support CPA Afghanistan on its journey towards membership of the International Federation of Accountants (IFAC).’
Muhammad Zarif Ludin adds: ‘All at CPA Afghanistan, the Treasury department of the Ministry of Finance look forward to developing an annual plan of collaborative activities with ACCA. It’s a challenging time for the profession in Afghanistan, but we face 2018 with immense optimism as challenges also bring opportunities.’
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Notes to Editors
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
ACCA supports its 200,000 members and 486,000 students in 180 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 101 offices and centres and more than 7,291 Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.
Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. It believes that accountants bring value to economies in all stages of development and seek to develop capacity in the profession and encourage the adoption of global standards. ACCA’s core values are aligned to the needs of employers in all sectors and it ensures that through its range of qualifications, it prepares accountants for business. ACCA seeks to open up the profession to people of all backgrounds and remove artificial barriers, innovating its qualifications and delivery to meet the diverse needs of trainee professionals and their employers.
About CPA Afghanistan
Certified Professional Accountants (CPA) Afghanistan was founded in 2013 as the result of the World Bank Report on the Observance of Standards and Codes Accounting and Auditing (ROSC A&A) in 2009 with a government-led National Steering Committee (NSC) established to coordinate and supervise the activities of CPA Afghanistan. On March 4th, 2017 H.E. President Mohammad Ashraf Ghani signed off the Afghanistan Accountancy Law to regulate the accountancy profession. CPA Afghanistan is set up by Act of parliament on 26th November 2017. CPA Afghanistan’s oversight is carried by its Board and Technical Committees and run by an Executive office with 7 departments of;
1. Professional Standards Department
2. Professional Qualification Department
3. Professional Conduct & Quality Assurance Department
4. Membership & Licensing Department
5. Admin / Finance Department
6. Public Relations Department and
7. Communications Department
CPA Afghanistan is the only regulatory body under Ministry of Finance to regulate the profession in Afghanistan with the vision of being globally recognized as a trusted, innovative professional accountancy organization contributing to sustainability and economic growth