The OECT was established in 1982 and is governed by Law 88-108 on the Chartered Accountancy Profession. OECT is subject to oversight by the Ministry of Finance and its mandate includes: (i) setting auditing standards for the jurisdiction; (ii) setting ethical standards for its members; (iii) overseeing the practical experience component of the initial professional development (IPD) requirements; (iv) setting CPD requirements for members; (v) supporting the quality assurance reviews of all statutory audits carried out by the Control Committee; (vi) investigating and disciplining its members through the Control Committee; and (vii) ensuring appropriate functioning of the accountancy industry. Its membership consists of Chartered Accountants who are the only individuals are permitted to conduct statutory audits for PIEs and companies over a certain size threshold in Tunisia. OECT is a Member of IFAC and the following regional organizations: the Arab Federation of Accountants and Auditors (AFAA), the Pan African Federation of Accountants (PAFA), the Federation of Mediterranean Accountants (FCM), and the International Federation of Francophone Accountants (FIDEF).