Accountancy career

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Fundamental Objectives of the Institute

Fundamental Objectives of the Institute
Strong, innovative and globally respected professional accountancy organization.

To protect the public interest by ensuring the highest standards of professional and ethical conduct of accounting provision is observed in Somalia.
To regulate and maintain the standard of accountancy in Somalia.
prescribe and regulate the conduct of accountants and practicing accountants in Somalia
Promote standards of professional competence and practice among members of the Institute
To develop and improve accounting education and set up accounting examination standards.
To provide for the licensing of individuals and firms.
To Review firms and individual’s compliance with the International Accounting and Auditing Standard
To seek public recognition of a broad range of skilled services that professional accountants and accounting technicians can provide.
To manage, provide services and promote and protect the interest and the accountancy profession
To develop the accountancy profession by carrying out research and publishing results
To represent the public interest to legislators and regulators in relation to legislation, regulation, standards, codes and other matters for accountancy and other related areas
To set or contribute to ethics, accounting and auditing standard-setting in the country.
To take disciplinary measures against members unable to perform their duties and guilty of misconduct
To give advice to Government on matters relating to the accounting profession