The Institute of Certified Public
Accountants in Ireland (CPA Ireland) and South African Institute of
Professional Accountants (SAIPA) have signed a Memorandum of
Understanding (MOU).

The MoU agreement will see the two
professional accounting bodies offer service and support to each
others’ members and collaborate on joint research, education and on
other areas of mutual interest.

“This relationship gives CPA Ireland a partner
in South Africa, a key economy on the African continent and adds
considerably to the international footprint of CPA Ireland. It
comes on top of strategic partnerships with peer bodies in Canada,
Australia and India and audit recognition in New Zealand,” CPA
chief executive Eamonn Siggins said.

SAIPA chief executive Shahied Daniels said the
partnership is a “unique opportunity” to advance the common
interests both the institutes’ members and “improve advocacy
efforts on behalf of the profession in the international

The agreement follows last month’s
announcement the World Bank has awarded two contracts in Africa to
CPA Ireland and its outsourcing partner KOSI Corporation. The
contracts will see the institute advising on the development of the
accountancy profession in Rwanda and Mozambique. The total combined
value of the contracts is $1.5m.