OBJECT OF THE INSTITUTE
To achieve its object, the Institute shall execute the following functions, categorized by operational focus:
Regulation & Enforcement
Practice Regulation
Regulate the practice of accountancy across the country.
Firm Oversight
Regulate all accounting and auditing firms.
Disciplinary Code
Establish and strictly enforce a disciplinary code among members.
Compliance Monitoring
Monitor and evaluate the conduct of accountancy practices, prescribing mandatory reporting guidelines for members.
Certification & Standards
Auditor Certification
Certify individuals qualified to practice as auditors.
International Standards
Approve, adopt, and promote standards issued by independent boards endorsed by the International Federation of Accountants (IFAC).
Public Sector Compliance
Ensure absolute compliance with the adopted International Public Sector Accounting Standards (IPSAS).
Professional Ethics
Prescribe, maintain, and educate members on the standards of professional conduct.
Education & Professional Development
Curriculum Design
Prescribe and approve comprehensive courses of study for the accountancy profession.
Qualifying Examinations
Conduct and manage qualifying examinations required for Institute membership.
Trainee Regulation
Regulate the training and progression of accountant trainees.
Continuous Development
Organize mandatory Continuous Professional Development (CPD) courses in accountancy, financial management, and related disciplines as a condition for membership renewal.
Research, Resources & Advocacy
Knowledge Repositories
Establish and maintain physical and electronic libraries focused on accountancy and related subjects.
Literary Promotion
Encourage members to publish books and periodicals relating to accountancy.
Academic Research
Encourage and support ongoing research in accountancy and related fields.
Member Independence
Promote and preserve the common interest and professional independence of all members.
Profession Advancement
Secure the long-term advancement of the accountancy profession.
Advisory & Ancillary Roles
Ministerial & Academic Advice
Advise the Minister and accredited educational institutions on:
- Appropriate curricula in accounting and auditing.
- Topical issues pertaining to the accounting profession and other relevant sectors of the economy.
Perform any other function ancillary to the object of the Institute.
