National Board of Accountants and Auditors

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National Board of Accountants and Auditors
NBAA logo.jpg
Formation15 January 1973
TypeRegulatory body
PurposeCertify accountants
HeadquartersDar es Salaam
Region served
Official language

The National Board of Accountants and Auditors (NBAA) is an accounting professional and regulatory body operating under the Ministry of Finance and Economic Affairs, the sole body to certify accountants in Tanzania. It began operating on 15 January 1973.[1]

Accounting standards[edit]

All non-government business entities in Tanzania have been required to use International Financial Reporting Standards (IFRS) since 2004, while until May 2010 government business entities were required to use International Public Sector Accounting Standards. As of May 2010, the NBAA clarified that some government-owned entities was now required to use full IFRS and others were allowed to use IFRS for SMEs. When using the IFRS standards, the entities had to use them in full and without modification from the form issued by the International Accounting Standards Board (IASB).[2]

Professional qualifications[edit]

The NBAA is an examining body for professional accountancy qualifications, but does not train candidates seeking to qualify as accountants. Instead, it works with various public and private training institutions.[3]

The NBAA serves both the public and the private sectors, although there have been weaknesses in its support for public financial managers. To address this, the NBAA worked with the Eastern and Southern Africa Association of Accountants General, the Federation of Accountants and Auditors General of West Africa and the English Speaking African Association of Supreme Audit Institutions to develop a PFM Qualifications Framework for Tanzania, which would be used as a pilot for the region. After evaluating and rejecting several options, the NBAA appeared to be leaning towards a mixed public/private sector curriculum for all candidates. However, there has been resistance to implementing this compromise.[4]

Associated bodies[edit]

The NBAA is a member body of the International Federation of Accountants (IFAC).[5] It was a charter member of the Pan African Federation of Accountants (PAFA). Dr. Mussa J. Assad of the NBAA was named vice president of PAFA at its inaugural meeting on 5 May 2011.[6]


  1. ^ "Welcome to the National Board of Accountants and Auditors Website". NBAA. Retrieved 2011-06-11.
  2. ^ "Financial Reporting Framework in Tanzania - May 2010 Update". Deloitte Global Services Limited. Retrieved 2011-06-11.
  3. ^ "About Us". NBAA. Retrieved 2011-06-11.
  4. ^ "Professionalisation in Tanzania". CIPFA. Archived from the original on 2011-08-13. Retrieved 2011-06-11.
  5. ^ "National Board of Accountants and Auditors (NBAA)". IFAC. Archived from the original on 2011-07-10. Retrieved 2011-06-11.
  6. ^ "International Federation of Accountants Praises Launch of Pan-African Federation of Accountants". IFAC. May 6, 2011. Retrieved 2011-06-11.