Consultancy opportunity: Strengthening accountancy institutions and regulatory frameworks across Africa
The Pan African Federation of Accountants (PAFA) is inviting eligible consulting firms to express their interest in a significant multi-country assignment under the Strengthening PAFA and PFM Resilience in Africa (SPRA) Project. SPRA is a multinational institutional-support project financed by the African Development Bank through its Transition Support Facility Pillar III and implemented by PAFA. Consistent with Pillar III’s focus on building inclusive, effective and accountable institutions in countries affected by fragility, the Project seeks to strengthen professional capacity in public financial management, promote greater harmonisation of professional accounting standards, tools, practices and regulatory frameworks, and professionalise accountants and auditors in the public sector.
A central element of the Project is strengthening the institutional, professional and human capacities of professional accountancy organisations (PAOs) to improve the quality of financial reporting in transition states. Strong, well-governed and sustainable PAOs are essential to developing competent and ethical accountancy professionals, supporting the adoption and implementation of international standards, contributing to effective regulation of the profession, and advancing transparency and accountability. The consultancy opportunity directly supports this objective by strengthening the strategic direction of six PAOs and developing model legal, constitutional and governance arrangements for the accountancy profession.