PAOD holds Inaugural Transitional Board meeting

Professional Accountants Organization Development inaugurated its first Transitional Board Meeting chaired by Al-Haj Muhammad Aqa “Kohestani” Director General of Treasury, Ministry of Finance. The Board is comprised of seven members from; Ministry of Finance (MoF), Ministry of Higher Education (MoHE), Ministry of Economy (MoEc), Ministry of Commerce & Industries (MoCI), Da Afghanistan Bank (DAB), Afghanistan Chamber of Commerce and Industries (ACCI), Private Sector Representative.

PAOD will be supporting the establishment of Afghanistan Accountancy Board, Technical Committees and their capacity building to ensure high quality of services are provided by them. 
“Law enactment is a lengthy process and till that we can build the capacity of transitional board members and work on establishment of technical committees”. Accountancy, Accountants law and Accounting Board are very new words in Afghanistan and most people are unaware of them, however we all know that how important it is for sustainable and economic growth of our country and we all need to work together to regulate the profession” DG Treasury Mr Kohistani Said.

Afterward Mr. Muhammad Zarif Ludin program manager PAOD briefed members of the board regarding ongoing activities of the project, participation of Afghanistan representative (PAOD) in SAFA Board meetings on regular basis and efforts to become member of SAFA Board, signing MoU with Institute of Chartered Accountants India (ICAI) for provision of support regarding Transitional Board capacity building, Technical Committees and development of regulations in respect of Afghanistan Accountants Law, accountancy profession and its three related work areas, Public and private sector development, Economic growth and aid effectiveness, Board’s responsibility to improve the quality of Auditors and Audit firms, How to respond to The SAFA, CAPA and IFAC obligations in order to obtain memberships by learning from SAFA member countries' experiences, how to establish national standards based on IAS and IFRS which should be in compliance with Afghanistan context, establishment of technical committees under the Accountancy Board and many more.

At the end of meeting the board members had open discussion and appreciated PAOD team for the progress made so far. The board members extended their continuous support to go forward.