Union auditor-general participates in 22nd conference of AFA

The ASEAN Federation of Accountants-AFA held its 22nd AFA Conference through video conferencing in Indonesia, yesterday, hosted together by the Myanmar Institute of Certified Public Accountants (MICPA).
Auditor-General of the Union, Chairman of the Myanmar Accountancy Council (MAC), Patron of the Myanmar Institute of Certified Public Accountants (MICPA) Professor Dr Kan Zaw participated in the conference.
The conference was addressed by MICPA Chairman U Wan Tin, the current Chairman of the ASEAN Federation of Accountants-AFA. Afterwards, Professor Dr Kan Zaw addressed the conference as a special guest. In his speech, he said Myanmar hosted the AFA meetings in 2003, 2011, 2015, and 2019, and he was pleased that Myanmar could co-host the 2021 AFA Conference.
He said the AFA guidelines and commitments can support the development of a unified regional accounting firm, and it contributes to the formation and development of sustainable accounting organizations. In addition, as AFA has built a strong regional and international network to provide consulting and accounting services, Myanmar will continue to maintain its cooperation with other ASEAN member states.
Myanmar has been committed to good governance and clean governance since the first democratic government (2011-2016), as well as transparency and accountability. We have worked to ensure accountability and compliance with the Constitution and existing laws, and we are doing our best to benefit the people by participating in the regional community, he added. We believe that we can work together for peace and prosperity as a manifestation of “Unity from Diversity,” he said.
He welcomed the results of the joint efforts of AFA and ASEAN countries to upgrade accounting standards. He said Myanmar was able to play a part in the AFA’s development projects and hoped to continue cooperating with the AFA.
The conference was divided into three sections and discussed matters related to the procedures for preparing future financial statements, the development of technical skills and competencies, and the upgrading of the accounting role.
Afterwards, the handover ceremony of the rotating chairmanship of AFA was held. The current Chairman of AFA U Wan Tin handed over the chairmanship to Mr Voravit Janthanakul, Chairman of the Thailand Federation of Accounting Professions (FAP).
The AFA was established in 1977 to enhance accounting activities to promote the socio-economic status of ASEAN member states, with five national accounting bodies and at present, it has been formed with ten national accounting bodies from the 10 ASEAN countries. As Myanmar signed the Mutual Recognition Agreement- MRA with ASEAN countries in 2014, of the 5,697 ASEAN Certified Public Accountants in the ASEAN region, 477 of them are from Myanmar. — MNA