The OCAM is empowered by Law No. 8/2012 to regulate the accountancy profession. OCAM’s membership is comprised of certified accountants (CCs) and certified auditors (CAs). All individuals who wish to be professional accountants must have the designation of certified accountant (CC) or certified auditor (CA). The designations of CC and CA are protected by Law No. 8/2012 such that only members of OCAM may use them upon registration. Under Section 6 of the Law, OCAM’s responsibilities include: (i) promoting the interests of the accountancy profession; (ii) issuing practicing certificates for certified accountants (CC) and certified auditors (CA); (iii) maintaining a registry of its members; (iv) establishing initial and continuing professional development (IPD and CPD) requirements; (iv) setting ethical requirements; (v) establishing and implementing an investigative and disciplinary (I&D) system; (vi) defining technical standards taking into consideration international best practices; (vii) proposing legislative measures, regulations or any decree of similar nature relating to the Accounting System for the Business Sector (SCE) according to international standards; and (viii) establishing and implementing a quality assurance (QA) review system. In addition to being an Associate member of IFAC, OCAM is a member of the Pan African Federation of Accountants (PAFA).