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The NBAA is a Tanzanian accountancy professionalbody established under
the Auditors and Accountants(Registration) Act No 33 of 1972, as amended
by Act No 2 of 1995. It is an accountancy regulatory professional
body,operating under the Ministry of Finance and Economic Affairs of
Tanzania (MOFEA).
The Board started carrying out its activities from 15th
January 1973.
The NBAA has
made a significant contribution to accountancy development in Tanzania
over the pastdecade, especially on administration and examination
processes. NBAA is an examining body for the accountancy professional
qualifications. However, NBAA does not train candidates who are
preparing to sit for its examinations, but is collaborating with a
number of training institutions, both public and private institutions to
train candidates for its examinations. Training can either be on full
time or on part time basis, depending on one’s choice. There is a number
of training institutions in the country offer training and learning
facilities for the candidates’ preparing for the Board’s examinations.
Various reports
have indicated that Tanzania has shortage of qualified accountants
compare to other African countries. The qualified accountants are the
ones who have passed the Board’s examination and awarded the Certified
Public Accountants, CPA (T) certificate. Becoming a CPA (T) requires the
candidates passing the Board’s examination and obtaining practical
experience. Candidates pursuing the Board’s examination must have the
same entry qualifications as for university.
In
accomplishing its mission and objectives, the NBAA has a Governing Board
and a management team of permanent staff. The Governing Board is at the
apex of the organisation, responsible for formulating policy and laying
down terms of reference to various committees of the Board. The
Governing Board functions through six committees, namely:
• Executive
Committee
• Member Ethics
and Compliance Committee
• Technical
Services Committee
• Education and
Publications Committee
• Public Sector
Committee
• Audit
Committee.
The NBAA
Management headed by the Executive Director implements the Governing
Board’s directives by ensuring that
the policies are carried out
in an effective and efficient manner. The Executive Director is assisted
by who are Head of Departments. The departments are:
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Corporate Services
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Education and Training Services
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Members Services
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Technical and
Advisory Services
The NBAA has been operating
from its Head Office at Mhasibu House along Bibi Titi Mohamed Street (Kisutu
Area) in Dar es Salaam City. Mhasibu House on Plot No 3 – 5 comprisesof
a two storey building and small back-house buildings built by
theGovernment of Tanzania through the World Bank support between 1995
and 1997. The building accommodates all of the NBAA employees and also
a small library. Few office spaces havebeen rented out to other tenants
for commercial use.
Mhasibu House Head Office of NBAA
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