Building effective professional accountancy organisations
When professional accountancy organisations (PAOs) are sustainable, relevant and credible, they deliver dedicated accountancy professionals who drive quality governance, financial management, reporting and auditing in the public and private sectors. They contribute to increased confidence in business, trust in government, foreign direct investment, and the effective use of foreign development assistance.
PAFA supports the development of PAOs and advances accountancy learning and development in Africa.
- View the latest PAFA PAO development plan.
- View the latest PAFA accountancy learning and development plan.
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Long-term sustainability is a product of institutional actions combined with environmental risk considerations driven by PAO recognition in the jurisdiction; having strong governance and an effective management infrastructure; sufficient human resources; and financial viability. Stakeholder value creation is a key ingredient for sustainability.
Recognised and capacitated
Sustainable PAOs gain relevance when they render quality service to members and students and are trusted advisers to government, business and society in the public interest.
Creating value for stakeholders and society
Relevant and sustainable PAOs gain credibility when they are able to support quality professional development and a recognised professional qualification; quality ethics and values; and quality standards for reporting, assurance and quality management, as well as have effective processes for quality management and investigation and discipline.
Developing accountancy professionals, driving international standards, and monitoring and enforcement