PAFA is a non-profit organisation whose objectives are to:

  • Provide a forum for co-operation and assistance among African professional accountancy organisations for the further advancement of the status of the accountancy profession;
  • Provide encouragement for and assistance with the formation and development of national professional accountancy organisations in Africa;
  • Engage in the development and enhancement of the accountancy profession in the African continent through participation in the development and the dissemination of the standards, guidelines and other pronouncements of the International Accounting Standards Board (IASB) and the independent standard-setting boards under the auspices of the International Federation of Accountants (hereinafter referred to as “IFAC”) and the establishment and implementation of appropriate strategies and work programmes;
  • Promote the development of common technical, ethical and educational guidelines for the accountancy profession in Africa;
  • engage national governments, regional trading and economic blocs and development organisations in the development of the accountancy profession in the African continent;
  • Facilitate the development of a continental approach to accounting education and training by way of shared curricula and expertise;
  • Share and exchange information and best practices on technical matters, regulatory frameworks and corporate governance principles;
  • Identify and highlight challenges affecting the accounting profession in the African continent and formulate proposals towards the solution of these challenges;
  • provide African accountants with a platform for the exchange of relevant significant information on the accountancy profession;
  • Work in co-operation with other organisations whose development efforts may be complementary to that of PAFA;
  • Communicate with and participate in the work of IFAC and IASB boards and committees in agreed areas and
    liaise with other international and regional organisations; and
  • Influence and represent the African accountants in international accounting and other organisations.

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