Our Vision:
To be a model organization ensuring quality in auditing, financial and non-financial reporting.
Our Mission:
To bring corporate confidence in auditing, financial and non-financial reporting among users of financial statements.
Our Objects as per Financial Reporting Act 2004:
- To promote the provision of high quality reporting of financial and non-financial information by public interest entities;
- To promote the highest standards among licensed auditors;
- To enhance the credibility of financial reporting; and
- To improve the quality of accountancy and audit services
Our Customers are:
- Public Interest Entities
- Listed Companies
- State Owned Enterprises
- Regulatory Bodies
- Auditors
- Professional Accountants
- Government
- General Public
Our Functions:
- Licensing of Auditors
- Approving Audit Firms
- Audit Practice Review
- Financial / Non-Financial Reporting Review
Our Objectives are:
- Ensure adherence to International Financial Reporting Standards (IFRS) and International Standards of Auditing (ISA);
- Ensure compliance with code of corporate governance
- Provision of training/ seminars to facilitate implementation of accounting standards
- Encourage feedback from all stakeholders to improve quality audit and financial and non-financial reporting
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