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Members of the organisation are the only persons recognized under the Companies Code (Act 179) 1963, to pursue audits of company accounts in Ghana. It is governed by a council of eleven members who are chartered accountants. The council, headed by a president, holds office for a period of two years.
Professional bodies represent the interests of their members by lobbying governments, and provide the framework for self-regulation where this is permitted by statute. Professional bodies are also responsible for administering training and examinations for students and members.
The CGMA Competency Framework was also launched in 2014. The framework shows the range of technical, accounting and finance skills that management accountants need to do their jobs and consists of four knowledge areas: Technical Skills, Business Skills, People Skills and Leadership Skills, all underpinned by Ethics, Integrity and Professionalism.
The University of Professional Studies, Accra (UPSA) formerly known as the Institute of Professional Studies (IPS), is a public university in Ghana. The main campus is located in Accra. [1] UPSA is the first university in Ghana to provide both academic and business professional education.
The Qualification and Credit Framework was abolished in 2016. AIA Level 5 Certificate in Accountancy (QCF) is based on the AIA Foundation Level papers and is the equivalent level of a Diploma in Higher Education. AIA Level 6 Graduate Diploma in Accountancy (QCF) is based on the AIA Professional Level 1 papers and is set at bachelor's degree level.
The Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (CCA). Founded in 1904, It is now the fourth-largest professional accounting body in the world, with 252,500 members and 526,000 student members.
One of the most pivotal changes during this era was the introduction of Business Education at the Sixth Form level and the construction of a Business Administration Block. This allowed students to specialize in Commerce and Accounting, placing Accra Academy among the few schools in Ghana offering such specialized business programs.
It was established as a public university by an Act of Parliament in 2004. The institute was established in 1961 by the Government of Ghana with assistance from the United Nations Special Fund Project and was initially called the Institute of Public Administration, intended as a specialist training graduate school for civil servants in Ghana. [4]