African Forum of Independent Accounting and Auditing Regulators (AFIAAR) and ACCA (the Association of Chartered Certified Accountants) announced recently in a statement that they had signed a Memorandum of Understanding (MoU) to strengthen collaboration between independent audit regulators.
African Forum of Independent Accounting and Auditing Regulators (AFIAAR) and ACCA (the Association of Chartered Certified Accountants) announced they have signed a Memorandum of Understanding (MoU) which is expected to strengthen collaboration between independent audit regulators.
The statement said that 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.”
The statement added that the partnership aims to strengthen accountancy quality by aligning professional capability with robust and credible oversight.
