The African Forum of Independent Accounting and Auditing Regulators (AFIAAR) and ACCA have signed a Memorandum of Understanding (MoU) to strengthen collaboration between independent audit regulators and the accountancy profession in support of accountancy quality, public trust and professional development across Africa.
A defining feature of the partnership is the recognition of the complementary roles of regulators and the profession in delivering high-quality accountancy and audit services. AFIAAR, as a forum of independent audit regulators, promotes quality through oversight, monitoring and enforcement in the public interest. ACCA, as a leading global professional accountancy body, supports audit quality through professional education, training and continuing development. Together, the partnership aims to strengthen accountancy quality by aligning professional capability with robust and credible oversight.
The MoU provides a framework for collaboration on profession attractiveness, professional mobility, audit quality, regulatory capability, future talent development, and joint research and thought leadership in the public interest.
The MoU was signed on Friday 26 June in Mauritius during a hybrid ceremony bringing together AFIAAR Governing Board representatives and member regulators, including the Financial Reporting Council of Mauritius (FRC Mauritius), the Independent Regulatory Board for Auditors (IRBA) South Africa and the National Board of Accountants and Auditors (NBAA) Tanzania.
Jamil Ampomah, Director – Africa, ACCA, said: ‘Strong institutions depend on trust, and trust depends on both professional capability and effective oversight. By aligning professional excellence with robust oversight, AFIAAR and ACCA will work together to strengthen audit quality, support future talent and contribute to stronger reporting, governance and investment confidence across Africa.’
Mr Viswajithsing Tuhobol, Chairperson of AFIAAR, said: ‘High-quality audits are fundamental to public trust, investor confidence and well-functioning markets. This partnership recognises the complementary roles of regulators and the profession in achieving that outcome.’
‘AFIAAR promotes quality through independent oversight, inspection and enforcement, while ACCA strengthens quality through education, training and professional development. By bringing these strengths together, we can enhance accountancy quality, accountability and confidence across Africa in the public interest.’
Admire Ndurunduru, Chief Executive Officer of AFIAAR, said: ‘This MoU provides a practical platform for regulators and the profession to address shared opportunities and challenges. Through collaboration, knowledge sharing and joint initiatives, we can strengthen both regulatory effectiveness and professional capability in support of protecting the public interest.’
ACCA representatives attending the ceremony included Jamil Ampomah, Director – Africa; Jane Ohadike, Regional Head of Public Affairs – Africa; and Madhavi Ramdin Clarke, Head of Mauritius & New Markets and ACCA signatory to the MoU.
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For media enquiries, contact:
ACCA News Room
E: newsroom@accaglobal.com
accaglobal.com
About ACCA
We are ACCA (the Association of Chartered Certified Accountants), the only truly global professional accountancy body. Since we were founded in 1904, we’ve been breaking down barriers to the accountancy profession. Today we proudly support a diverse community of over 257,900 members and 530,100 future members in 180 countries.
We’re redefining accountancy. Our cutting-edge qualifications, continuous learning and insights are respected and valued by employers in every sector. They equip individuals with the business and finance expertise and ethical judgment to lead and drive sustainable value in organisations and economies worldwide.
Guided by our purpose and values, we’re leading the accountancy profession for a changed world. Partnering with policymakers, standard setters, the donor community, educators and other accountancy bodies, we’re strengthening and building a profession that focuses on people, planet and prosperity to create value for all.
Find out more at: www.accaglobal.com
26 June
AFIAAR and ACCA form strategic partnership to strengthen accountancy quality across Africa
The African Forum of Independent Accounting and Auditing Regulators (AFIAAR) and ACCA (the Association of Chartered Certified Accountants) have signed a Memorandum of Understanding (MoU) to strengthen collaboration between independent audit regulators and the accountancy profession in support of accountancy quality, public trust and professional development across Africa.
A defining feature of the partnership is the recognition of the complementary roles of regulators and the profession in delivering high-quality accountancy and audit services. AFIAAR, as a forum of independent audit regulators, promotes quality through oversight, monitoring and enforcement in the public interest. ACCA, as a leading global professional accountancy body, supports audit quality through professional education, training and continuing development. Together, the partnership aims to strengthen accountancy quality by aligning professional capability with robust and credible oversight.
The MoU provides a framework for collaboration on profession attractiveness, professional mobility, audit quality, regulatory capability, future talent development, and joint research and thought leadership in the public interest.
The MoU was signed on Friday 26 June in Mauritius during a hybrid ceremony bringing together AFIAAR Governing Board representatives and member regulators, including the Financial Reporting Council of Mauritius (FRC Mauritius), the Independent Regulatory Board for Auditors (IRBA) South Africa and the National Board of Accountants and Auditors (NBAA) Tanzania.
Jamil Ampomah, Director – Africa, ACCA, said: ‘Strong institutions depend on trust, and trust depends on both professional capability and effective oversight. By aligning professional excellence with robust oversight, AFIAAR and ACCA will work together to strengthen audit quality, support future talent and contribute to stronger reporting, governance and investment confidence across Africa.’
Mr Viswajithsing Tuhobol, Chairperson of AFIAAR, said: ‘High-quality audits are fundamental to public trust, investor confidence and well-functioning markets. This partnership recognises the complementary roles of regulators and the profession in achieving that outcome.’
‘AFIAAR promotes quality through independent oversight, inspection and enforcement, while ACCA strengthens quality through education, training and professional development. By bringing these strengths together, we can enhance accountancy quality, accountability and confidence across Africa in the public interest.’
Admire Ndurunduru, Chief Executive Officer of AFIAAR, said: ‘This MoU provides a practical platform for regulators and the profession to address shared opportunities and challenges. Through collaboration, knowledge sharing and joint initiatives, we can strengthen both regulatory effectiveness and professional capability in support of protecting the public interest.’
ACCA representatives attending the ceremony included Jamil Ampomah, Director – Africa; Jane Ohadike, Regional Head of Public Affairs – Africa; and Madhavi Ramdin Clarke, Head of Mauritius & New Markets and ACCA signatory to the MoU.
- ends –
For media enquiries, contact:
ACCA News Room
E: newsroom@accaglobal.com
accaglobal.com
About ACCA
We are ACCA (the Association of Chartered Certified Accountants), the only truly global professional accountancy body. Since we were founded in 1904, we’ve been breaking down barriers to the accountancy profession. Today we proudly support a diverse community of over 257,900 members and 530,100 future members in 180 countries.
We’re redefining accountancy. Our cutting-edge qualifications, continuous learning and insights are respected and valued by employers in every sector. They equip individuals with the business and finance expertise and ethical judgment to lead and drive sustainable value in organisations and economies worldwide.
Guided by our purpose and values, we’re leading the accountancy profession for a changed world. Partnering with policymakers, standard setters, the donor community, educators and other accountancy bodies, we’re strengthening and building a profession that focuses on people, planet and prosperity to create value for all.
Find out more at: www.accaglobal.com
