Kampala, Uganda. An Integrated Reporting Committee for Africa has been announced at the AGM of the Pan-African Federation of Accountants (PAFA) held in Uganda as part of the 4th African Congress of Accountants (ACOA17).
The Committee was announced by outgoing PAFA president, Asmaa Resmouki, and it was discussed at ACOA's first plenary session, which focused on Integrated Reporting.
The announcement was part of the president's report, which outlines the achievements and priorities of the organisation, and preceded the election of PAFA's new board now presided over by Namibian Jacob du Toit.
The Committee is an initiative by PAFA and the World Bank and its aim is to promote Integrated Reporting in African countries.
The Committee will initially have seven member countries, according to Leigh Roberts, CEO of the Integrated Reporting Committee of South Africa, who was speaking at ACOA17's first plenary session.
The initial countries, she said, are those that more easily can adopt Integrated Reporting due to the level of maturity in their corporate reporting.
Among the member countries of the African Integrated Reporting Committee are: Botswana, Kenya, Mauritius, Morocco, Namibia and South Africa.