AFIAAR’s main objective is to formalise efforts for the collaboration and strengthening of independent accounting and audit regulation across the continent. This has been done by formalising a common base and creating one voice from which to advance accounting and auditing regulatory activities with regards to building capacity; increasing financial reporting and audit quality; as well as influencing and adopting international standards.
The objectives of the AFIAAR are to:
- Strengthen independent accounting and auditing regulators in Africa and support the establishment of these where none exist.
- Create a platform for capacity development in the field of accounting and auditing regulation in Africa.
- Facilitate the sharing of knowledge and information in the accounting and auditing environment and share practical experiences with regards to regulatory activities.
- Promote collaboration and establish a common base for regulatory activities in Africa and promote the mobility of professionals across jurisdictions.
- Collaborate via memoranda of understanding and agreements with regional institutions and international organisations.
- Share information on standards of financial reporting, sustainability reporting and assurance, auditing, ethics, and education, and promote high standards of qualifications in Africa.
- Establish dialogue with governments, policymakers, other regulators, and organisations with an interest in the profession.
- Develop and communicate views, positions or standpoints that pertain to issues facing the profession on the continent.
