The Zambia Institute of Chartered Accountants (ZICA) has joined Chartered Accountants Worldwide (CAW) as an associate member, becoming the second representative from an African country.
During the last year CAW has welcomed three associate members: the Institute of Singapore Chartered Accountants in June 2015 and the Institute of Chartered Accountants of Pakistan who joined in February 2016. ZICA is the third one to join the club.
Soon after the admission of the Singaporean institute, The Accountant interviewed CAW chairman Pat Costello and asked him whether CAW would admit more African members to the organisation.
"I would be surprised if there weren’t some developments in this area in the next six months or so," Costello said, reluctant to disclose the identity of the candidate.
This publication named back then the Nigerian, Ghanaian, Zimbabwean and Namibian chartered accountants bodies as the most likely candidates to join CAW, but overlooked the Zambian one.
ZICA has 5,858 members and is a full member of the International Federation of Accountants.
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The institute joins the five CAW founding members from the UK, Ireland, South Africa, New Zealand and Australia:
- Chartered Accountants Australia and New Zealand,
- Chartered Accountants Ireland,
- The Institute of Chartered Accountants in England and Wales,
- The Institute of Chartered Accountants of Scotland and
- The South African Institute of Chartered Accountants