ACCA, AFIAAR sign MoU to boost “accountancy quality” in Africa

The Association of Chartered Certified Accountants (ACCA) has signed a memorandum of understanding (MoU) with the African Forum of Independent Accounting and Auditing Regulators (AFIAAR) to improve "accountancy quality" and support professional development across the continent.

The MoU is aimed at strengthening cooperation between independent audit regulators and the overall accountancy profession.

The agreement was signed on 26 June in Mauritius at a hybrid ceremony attended by AFIAAR Governing Board representatives and member regulators.

These included the Financial Reporting Council of Mauritius, the Independent Regulatory Board for Auditors South Africa and the National Board of Accountants and Auditors Tanzania.

AFIAAR chairperson Viswajithsing Tuhobol 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 to

Fuente original: Yahoo Finance (https://finance.yahoo.com/economy/policy/articles/acca-afiaar-sign-mou-boost-100049663.html)