The Pan African Federation of Accountants and Chartered Accountants was created in Dakar, Senegal, on May 5, 2011 under the leadership of the Order of Chartered Accountants of Senegal, the International Federation of Accountants and the World Bank. The objectives of PAFA include the development of the profession on the African continent through the promotion and popularization of international accounting standards and accounting standards as well as the implementation of strategies and promotion of work programs. It also aims to promote collaboration between the various African accounting organizations and their collaboration with other federations around the world. PAFA is composed of 37 professional organizations from 34 countries with the objective of giving a single voice to the accounting and financial concerns of accountants on the African continent. PAFA is composed of the following states: Benin, Botswana, Burundi, Cameroon, Congo-Brazzaville, Democratic Republic of Congo, Ethiopia, Gambia, Ghana, Guinea-Bissau, Cote D’Ivoire, Kenya, Lesotho, Liberia, Malawi, Mali, Mauritius, Morocco, Namibia, Niger, Nigeria, Rwanda, Senegal, Sierra Leone, Sudan, South Africa, Swaziland, Tanzania, Togo, Tunisia, Uganda, Zambia and Zimbabwe PAFA is based in Johannesburg, South Africa with a Board of Directors and an administrative team in charge of managing PAFA’s operations and activities. PAFA’s objectives are To engage in the development and improvement of the accounting profession on the African continent through participation in the development and dissemination of standards, guidelines and other pronouncements of the International Accounting Standards Board (IASB) and independent standard setting boards under the auspices of the International Federation of Accountants (IFAC) and the establishment and implementation of appropriate strategies and work programs Sharing and exchanging information and best practices on technical issues, regulatory frameworks and corporate governance principles Communicating and participating in the work of IFAC and IASB boards and committees in agreed areas and liaising with other international and regional organizations Influencing and representing African accountants in international accounting and other organizations.