Zambia Institute of Chartered Accountants
Member | Established: 1982 | Member since 1984
ZiCA is a mandatory membership body for the accountancy profession in Zambia. It was established under the Accountants Act 1982 which was subsequently repealed and replaced by the Accountants Act of 2008. Under the Act, ZiCA is responsible for the following: (i) setting corporate accounting standards for application in Zambia; (ii) setting corporate auditing standards; (iii) establishing initial and continuing professional development requirements and accrediting tertiary education providers; (iv) setting ethical requirements; (v) carrying out quality assurance reviews for its practicing members; (vi) maintaining a registry of its registered and practicing members; and (vii) establishing an investigative and disciplinary system for its members as part of public interest considerations.
ZiCA’s membership includes: Graduate, Technician, Licentiate, Professional (Chartered Accountant) and Fellow / Associate. It is the only organization in Zambia permitted to grant qualified individuals with the Chartered Accountant designation.
In addition to being a Member of IFAC, ZiCA is also a member of the Pan African Federation of Accountants and Chartered Accountants Worldwide.
Statements of Membership Obligation (SMO)
The Statements of Membership Obligations form the basis of the IFAC Member Compliance Program. They serve as a framework for credible and high-quality professional accountancy organizations focused on serving the public interest by adopting, or otherwise incorporating, and supporting implementation of international standards and maintaining adequate enforcement mechanisms to ensure the professional behavior of their individual members.
Methodology
Last
updated: 02/2022
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Status of Fulfillment by SMO
Disclaimer
IFAC bears no responsibility for the information provided in the SMO Action Plans prepared by IFAC member organizations. Please see our full Disclaimer for additional information.
Contact
Accountants Park, Plot 2374 Thabo Mbeki Road
P O Box 32005
Lusaka
Zambia
Tel: +260 21 1 255345
Fax: +260 21 1 255355
zica@coppernet.zm
http://www.zica.co.zm