INTRODUCTION
The Malawi Accountants Board is the regulatory body for the accountancy profession in Malawi. The Board was established by the Public Accountants and Auditors Act (Cap 53: 06) No. 5 of 2013 to regulate the reporting of financial matters and provide direct oversight over professional accountancy bodies and Auditors in order to promote high quality reporting of financial and nonfinancial information by entities, promote the highest professional standards amongst Auditors and Accountants and ensure compliance with and enforcement of applicable local and international accounting and auditing standards. In addition, the Malawi Accountants Board is mandated to review the Statutory Financial Statements and Financial Reports of Public Interest Entities (PIEs). This mandate is provided for under Section 16(1)(q) of the Public Accountants and Auditors Act,...
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The Malawi Accountants
Board is regulatory body for accountancy profession in Malawi with an oversight
role over accountants and auditors, in order to improve the quality of
accounting and audit services thereby enhancing credibility of financial
reporting. The Board, further overseas the operations of accountancy training institutions,
professional accountancy organizations and accountancy and audit service providers
with regards to registration, inspection, accreditation and retainership. The overall
objective of the Board is to safeguard the interest of the general public and
investors in Malawi.
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28 – 30 July 2025 | Sunbird Waterfront, Salima
The Malawi Accountants Board (MAB) successfully hosted a 3-day Capacity Building & Training Workshop for Parastatals, under the theme:
"Bridging Gaps in Financial Reporting: Elevating Financial Statements for Better Governance"
The workshop brought together Executive Directors, Chief Executive Officers, Directors of Finance,
From May 12-14, 2025, the Malawi Accountants Board (MAB) and the National Council for Higher Education (NCHE) held a pivotal meeting to develop guidelines that will operationalize the Memorandum of Understanding (MoU) signed in 2024.
This collaboration aims to enhance the integration of accounting standards within higher education institutions, ensuring that graduates are equipped with the necessary skills to meet industry demands.
Stay tuned for updates as we work towards a more structured and impactful accounting profession in Malawi!