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 The
ASEAN Federation of Accountants (AFA) was organized in
March, 1977. It was established to serve as the umbrella
organization for the national associations of accounting
professionals of the member countries of the Association
of South East Asian Nations (ASEAN). AFA originally had
only five member-bodies. These are the national
accountancy bodies of Indonesia, Malaysia, Philippines,
Singapore and Thailand. Currently, AFA membership
comprises of all 10 ASEAN member countries.
AFA is composed of two types of membership. The Primary
Members of AFA are the national organization of
accounting professional representing countries within
the territorial jurisdiction of ASEAN and must be the
recognized national accounting body of that country
created under a specific statute or regulation of that
particular country, or in the absence of it, the
recognized national organization of accounting
professional in the said country. The Associate Members
are the internationally recognized bodies of accounting
professionals of any ASEAN countries or other countries
which are friendly to and supportive of the aspirations
of ASEAN, even though they may be outside the
territorial jurisdiction of ASEAN.
AFA also hosts the AFA Conference at least once every
two years at a date and place to be decided by the
Council in consultation with the respective host
countries.
The ASEAN Federation of
Accountants was created with the following
objectives:
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To provide an organisation for
ASEAN Accountants for the further advancement of the
status of the profession in the region with the view
to establishing an ASEAN philosophy on the
accounting profession. |
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To establish a medium for closer
relations, regional cooperation, and assistance
among ASEAN accountants. |
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To enhance the continuous
development of the accounting profession in the
region through the joint endeavours of accountants
representing the ASEAN. |
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To identify and highlight vital
problems affecting the accounting profession in the
ASEAN region and to formulate proposals towards the
solution of these problems. |
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To provide ASEAN accountants with
a venue for the exchange of the significant
information on the accounting profession in the
ASEAN member countries. |
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To represent the ASEAN
accountants in their collective dealings with
international accounting and other organisations. |
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To work in cooperation with ASEAN
business regional groupings whose economic
development efforts may be complemented by ASEAN
accountants. |
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