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 It was established under the Accountants Act 1982 which was subsequently repealed and replaced by the Accountants Act of 2008.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.