The NBAA was established under the Auditors and Accountants (Registration) Act No. 33 of 1972 and operates under the supervision of the Ministry of Finance and Planning (MoFP). The NBAA is mandated by the Act to regulate the activities and conduct of accountants and auditors, including (i) establishing initial and continuing professional development (IPD and CPD) and ethical requirements; (ii) conducting examinations and granting qualifications of the Board for accounting and auditing; (iii) maintaining registers of accountants and auditors; (iv) operating a quality assurance review system and an investigative and disciplinary system; and (v) setting accounting and auditing standards. Membership of NBAA is mandatory to offer public accountancy services in the jurisdiction while Accounting Technicians may voluntarily join. In addition to being a Member of IFAC, the NBAA is a founding member of the Pan African Federation of Accountants.