Functions of MAB



–          Review statutory financial statements and financial reports of public interest entities

–          Advise colleges and the Institute on matters pertaining to examinations and training of accountants

–          Encourage cooperation between the Institute and other professional bodies in matters of common interest

–          Advise the Minister on accountancy and cognate matters

–          Maintain Register of chartered accountants and diplomate accountants

–          Promote the standardisation of qualifying examinations on common subjects

–          Monitor the accuracy and fairness of financial reporting and enforce compliance with accounting standards

–          Oversee the regulatory and professional development activities of professional accountancy bodies

–          Accredit professional accountancy bodies and trainers that meet the required standards

–          Oversee the activities of professional accountancy bodies including their training and professional qualification examinations

–          Formulate any syllabus, training requirement or examination structure applicable to its registrants or prospective registrants.