Chartered Professional Accountants of Canada has signed a memorandum of understanding with the Pan African Federation of Accountants to work together to advance professional education, capacity building and global collaboration within the accounting profession.
The deal, which was signed on Nov. 1 and announced earlier this month, creates a framework for ongoing collaboration to deepen international cooperation, strengthen regional capacity, and support the next generation of accounting professionals. By pooling together their expertise and creating new channels for knowledge exchange, CPA Canada and PAFA hope to strengthen the profession and support high-quality reporting and governance across the continent.
"CPA Canada is committed to fostering global partnerships that elevate the profession and promote high-quality, inclusive and future-ready initiatives, while supporting regional and bilingual engagement," says CPA Canada president and CEO Pamela Steer in a statement. "This collaboration empowers professionals with bilingual tools in English and French, as well as world-class resources and the knowledge they need to navigate a rapidly evolving business environment."
Under the agreement, the organizations will concentrate on several priority areas, including expanding bilingual access to professional learning materials and resources, sharing technical resources, co-hosting technical forums, workshops and events to promote continuous learning and knowledge exchange and supporting the implementation of international standards in various regional contexts.
PAFA is the only African organization that's recognized as a regional organization by the International Federation of Accountants and works to advance the capacity of the accounting profession across the continent and bolster Africa's influence and impact globally.
"This MOU represents a meaningful step toward empowering accountants in the region with the tools, knowledge and global connections they need to thrive," said PAFA president Walid Ben Salah in a statement. "We look forward to working closely with CPA Canada to promote excellence, accessibility and innovation in the profession."
