Members Professional Standards and Ethics
Professional standards applicable in Afghanistan align with globally recognized benchmarks established by the International Federation of Accountants (IFAC), the International Accounting Standards Board (IASB), and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). IFAC supports standard-setting boards that develop International Standards on Auditing (ISA) and International Public Sector Accounting Standards (IPSAS), while the IASB issues International Financial Reporting Standards (IFRS) to enhance transparency, accountability, and comparability in global financial markets. AAOIFI provides specialized standards for Islamic finance, ensuring Sharia compliance in accounting and auditing practices. These frameworks collectively ensure Afghan professionals contribute to high-quality financial reporting and meet the diverse needs of stakeholders.
Ethical conduct is essential to the accounting profession, and all CPA Afghanistan members are required to follow the International Code of Ethics issued by the International Ethics Standards Board for Accountants (IESBA). This code establishes principles such as integrity, objectivity, professional competence, confidentiality, and professional behaviour, guiding accountants to make sound ethical decisions. Additionally, AAOIFI provides an ethical framework specific to Islamic finance, ensuring adherence to Islamic principles in financial practices. These ethical standards promote fairness, safeguard public interest, and enhance trust in the profession.
The adoption of international standards and ethical principles is crucial for fostering trust and reliability in the financial ecosystem. Consistency in financial reporting not only builds confidence among investors, regulators, and the public but also ensures compliance with global best practices. For Afghanistan, implementing standards from IFAC, IASB, and AAOIFI elevates local practices to international levels, supports the unique requirements of Islamic finance, and strengthens the role of the accounting profession in economic development and governance.
