Section 5: Objective of the Institution

The objectives of the Institute shall be as follows:-

(a) To play the role of a regulatory body to encourage the members to carry on the accounting profession within the extent of the code of conduct in order to consolidate and develop the accounting profession as a cause for the economic development of the nation.

(b) To enhance social recognition and faith in the accounting profession by raising awareness of the general public towards the importance of the accounting profession and the economic and social responsibility of professional accountants.

(c) To develop, protect and promote the accounting profession by enabling professional accountants to understand their responsibility towards the importance of the accounting profession and accountancy.

(d) To develop mechanisms of registration, evaluation and examination of accounting professionals in consonance with international norms and practices so as to make the accounting profession respectable and reliable.