Established in May 2011, PAFA is a not-for-profit organisation that works to strengthen the capacity and influence of the accountancy profession in Africa.
We are recognised as a regional organisation and network partner by the International Federation of Accountants. Our membership comprises 56 professional accountancy organisations in 45 African countries and five international affiliations.
The objective of API is to realise an African public sector capacitated by competent, influential and ethical accountancy professionals who support good finance governance towards realisation of accountability and transparency in the use of public resources.
An interview with Professor Rashied Small, Chairman of the PAFA Accountancy Learning & Development Advisory Group
While artificial intelligence (AI) is by no means new technology, its parameters are constantly shifting thanks to the introduction of new AI tools, thereby revolutionising what AI makes possible. It’s for this reason that headlines across the media have recently been awash with mention of ChatGPT and all its ramifications, including its impact on accountancy professionals.
Much like most other industries, professionals in the accountancy world have questioned how AI tools like ChatGPT will impact their roles, specifically whether the technology is a threat to their jobs. It is important to acknowledge that AI, like any other advancement in technology, is simply a tool that can and should be used by Professional Accountants (SA) to improve the quality, efficiency, and effectiveness of their services.
While AI does have the ability to take on some aspects of an accountancy professional’s role, there’s no reason to fear the worst just yet. AI and technology in general are not going to take over the work of Professional Accountants (SA) in a hurry. It’s important that we see them as enablers to providing clients and the industry at large with more value-added services.
The International Federation of Accountants (IFAC), Gavi – The Vaccine Alliance, and The Global Fund have selected the Institute of Chartered Accountants Ghana (ICAG) inter alia to strengthen accountancy capacity in the health sector in Ghana under the IFAC, GAVI – The Vaccine Alliance, The Global Fund, and USAID
Memorandum of Understanding. As representative of the accountancy profession in Africa, IFAC has engaged the Pan African Federation of Accountants (PAFA) to manage the implementation of the project during 2023 – 2024.
