Type | Professional association |
---|---|
Purpose | Encourage professionalism in accountancy in Zimbabwe |
Official language | English |
President | Duduzile Shinya (nee Mothobi) [1] |
Website | https://www.icaz.org.zw/ |
The Institute of Chartered Accountants of Zimbabwe (ICAZ) is a professional accountancy body in Zimbabwe. It is the sole organization in Zimbabwe with the right to award the Chartered Accountant designation.[ citation needed ]
ICAZ is a member of the International Federation of Accountants (IFAC). [2] ICAZ was a charter member of the Pan African Federation of Accountants, which was inaugurated on 5 May 2011. [3] ICAZ is also a full member of the Eastern Central and Southern African Federation of Accountants. [4]
In January 2010, 134 candidates to become chartered accountants passed part one of the Qualifying Examinations. With 216 students sitting the examination, the pass rate was 62%. [5]
On 28 June 2011 ICAZ hosted a one-day tax conference in Harare with focus on taxpayers' rights to tax privacy, customs valuation of goods and international commercial terms. [6]
In January 2018 ICAZ past president Martin Makaya stated that a sample by ICAZ of six state-owned entities had showed that only two chartered accountants were sitting on their boards, out of 32 board members in total. This compared poorly to the boards of companies listed on the Zimbabwe Stock Exchange and boards of banking companies. [7]
Chartered accountants were the first accountants to form a professional accounting body, initially established in Scotland in 1854. The Edinburgh Society of Accountants (1854), the Glasgow Institute of Accountants and Actuaries (1854) and the Aberdeen Society of Accountants (1867) were each granted a royal charter almost from their inception. The title is an internationally recognised professional designation; the certified public accountant designation is generally equivalent to it. Women were able to become chartered accountants only following the Sex Disqualification (Removal) Act 1919 after which, in 1920, Mary Harris Smith was recognised by the Institute of Chartered Accountants in England and Wales and became the first woman chartered accountant in the world.
Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA). It has 240,952 members and 541,930 future members worldwide. ACCA's headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of over 110 offices and centres in 51 countries - with 346 Approved Learning Partners (ALP) and more than 7,600 Approved Employers worldwide, who provide employee development.
The South African Institute of Chartered Accountants (SAICA), South Africa’s pre-eminent accountancy body, is widely recognised as one of the world’s leading accounting institutes. The institute provides a wide range of support services to more than 48,000 members and associates who are chartered accountants (CAs(SA)), as well as associate general accountants (AGAs(SA)) and accounting technicians (ATs(SA)).
The Hong Kong Institute of Certified Public Accountants is the professional accounting body of Hong Kong.
The Uniform Certified Public Accountant Examination is the examination administered to people who wish to become U.S. Certified Public Accountants. The CPA Exam is used by the regulatory bodies of all fifty states plus the District of Columbia, Guam, Puerto Rico, the U.S. Virgin Islands and the Northern Mariana Islands.
The Institute of Chartered Accountants of Guyana (ICAG) is a professional body in Guyana that regulates the accountancy industry and arranges for ongoing training of its members.
The Institute of Chartered Accountants of Namibia (ICAN) is a professional accountancy body in Namibia. It is the sole organisation in Namibia with the right to award the Chartered Accountant designation.
The Institute of Chartered Accountants of Nigeria (ICAN) is a professional accountancy body in Nigeria. It is one of the two professional accountancy associations with regulatory authority in Nigeria, the other being the Association of National Accountants of Nigeria (ANAN). The relationship between the two organizations has been tense. In 2007 ICAN attempted to have a bill declaring ANAN void.
The National Association of Black Accountants, is an American nonprofit professional association that represents the interests of more than 200,000 black professionals in furthering their educational and professional goals in accounting, finance, and related business professions. Student members are served throughout the organization's 50 chapters around the country.
The Zambia Institute of Chartered Accountants (ZICA) is the only professional accountancy body in Zambia. It is the sole organization in Zambia with the right to award the Chartered Accountant designation; and to practice in Zambia, accountants must be registered with ZICA ZICA is a member of the International Federation of Accountants (IFAC). ZICA is also a charter member of the Pan African Federation of Accountants, which was inaugurated on 5 May 2011.
The Association of National Accountants of Nigeria (ANAN) is one of the two professional accountancy associations with regulatory authority in Nigeria, the other being the Institute of Chartered Accountants of Nigeria (ICAN). A consultant offering financial services in Nigeria must be a member of either ANAN or ICAN.
The Chartered Institute of Taxation of Nigeria (CITN) is a professional organization in Nigeria whose members are certified as qualified tax practitioners or administrators.
The Pan African Federation of Accountants (PAFA) is the regional body that is aimed to represent African professional accountants with one and louder voice, particularly in relating with International Federation of Accountants (IFAC). It was inaugurated in Dakar, Senegal on 5 May 2011.
The National Board of Accountants and Auditors (NBAA) is an accounting professional and regulatory body operating under the Ministry of Finance and Economic Affairs, the sole body to certify accountants in Tanzania. It began operating on 15 January 1973.
The Association of Accountancy Bodies in West Africa (ABWA) is a regional organization of the International Federation of Accountants (IFAC). As of 2011 there were ten West African accounting institutes represented in ABWA.
Prince Rasaq Adekunle Quadri is a Nigerian accountant who was President of the Chartered Institute of Taxation of Nigeria (CITN) from 2009 to 2011, and was elected the first President of the West African Union of Tax Institutes (WAUTI) in March 2011.
The South African Institute of Tax Professionals (SAIT) is a recognised professional body focusing solely on taxation. It is a registered professional body under the National Qualifications Framework Act, 2008. The Institute is a professional association of tax professionals regulating tax practitioners in South Africa. SAIT promotes and focuses on the public interest, professional standards, ethics and integrity, albeit promoting the tax industry and its members.
The Liberian Institute of Certified Public Accountants (LICPA) is a professional association of accountants in Liberia.
Chartered Professional Accountants of Canada is the national organization representing the Canadian accounting profession through the unification of the three largest accounting organizations: the Canadian Institute of Chartered Accountants (CICA), the Society of Management Accountants of Canada and Certified General Accountants of Canada (CGA-Canada), as well as the 40 national and provincial accounting bodies. It is one of the largest organizations of its type in the world, with over 217,000 Chartered Professional Accountants in Canada and around the world.