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ABOUT ABWA

HISTORY

The Association of Accountancy Bodies in West Africa (ABWA) was inaugurated on the 10th August 1982 in Lagos, Nigeria by Mr. Gordon H. Cowperthwaite, then President of the International Federation of Accountants (IF AC), as a sub-regional organization of IFAC in West Africa. Also present at the inauguration was Mr. Robert Sempier, then Executive Director of IFAC, amongst other dignitaries. The headquarters of ABWA was at that time located at the Institute of Chartered Accountants of Nigeria (lCAN) Secretariat in Lagos, Nigeria, until May 2002 when it was moved to the ICAN building in Abuja.

ABWA was established in 1982 by Accountancy Bodies and Professional Accountants operating in the West Africa sub-region, it was not registered in Nigeria as a body corporate until 1994. Its registration means that as a body corporate, it has perpetual succession, can own property and could sue and be sued in its corporate name.

The individual members who constitute the ten Institutes currently represented in ABWA reside largely in West Africa, but these professional accountants and auditors have excelled in many other countries in Africa and in a number of International organisations beyond Africa. 'The ABWA's international outlook and connections are reflected in its membership and the advisory role it plays in the programmes of the International


VISION

To be the foremost regional accountancy body in africa

MISSION STATEMENT

ABWA will continue to strengthen the Accountancy Profession in West Africa by enhancing the technical competence and ethical standards of members for effective service delivery by adopting best practices in the public interest, as well as contributing to the development and sustainability of the regional economies.

OBJECTIVES

The objectives of ABWA are:
• To develop and enhance the accountancy profession in West Africa and thereby improve governance, eliminate waste and corruption, reduce poverty and enhance the standard of living of the peoples of the West African sub-region;

• To provide for the development of professional ethics and standards in member bodies.

• To act as the center for dissemination of information on accounting standards and development of accountancy thoughts and practices in West Africa.

The attainment of the objectives of the mission of ABWA will be achieved by focusing on key operational projects. This will ensure that ABWA is in position to effectively and efficiently operate in the global arena and to compete effectively with the other regional professional bodies.

Strategic Themes have been identified and within which ABWA will implement it’s mission.

Anglophone countries:

  • The Institute of Chartered Accountants, Ghana
  • The Institute of Chartered Accountants of Nigeria
  • The Institute of Chartered Accountants of Sierra Leone
  • The Gambia Association of Accountants
  • The Liberian Chartered Institute of Certified Public Accountants


Francophone Countries:

  • Ordre des Experts Comptables et Comptables Agrees de Cote d’ Ivoire
  • Ordre National des Experts Comptables du Cameroon Bilingual
  • Ordre des Experts Comptables at Comptables Agrees du Benin (OECCA - BENIN)
  • Ordre National des Experts Comptables et Comptables Agrees du Niger (ONECCA-N)
  • Association Togolaise des Experts Comptables Diplomas

ABWA's official recognition by IFAC in 2003 as an IFAC's Reginal Grouping, the creation of the African Chapter of International Federation of Women Accountants (IFWA), as well as ABWA's initiative leading to the formation of the Forum of Accountants-General and Auditors-General of West Africa in 2003, are amongst the Association's major accomplishments.

Activities in West Africa

  • Strengthening and consolidation of Professional Accounting and Auditing standards and practices in the sub region.
  • Development of framework for harmonisation of professional and technical accounting education and practice.
  • Development of uniform ethical code of conduct in members bodies.
  • Regional expansion in the francophone countries.

Copyright © 2006. The Association of Accountancy Bodies in West Africa. All Rights Reserved.