What does SAFA mean in ACCOUNTING
The primary purpose of SAFA is to assist its members to improve the quality and standards of financial reporting services by introducing measures that would ensure adherence to professional ethics and principles. It provides a platform for exchanging knowledge on current trends in various fields related to auditing, accounting, finance and taxation. SAFA also works towards building best practices related to corporate governance within the SAARC region through exchanges and research activities.
SAFA meaning in Accounting in Business
SAFA mostly used in an acronym Accounting in Category Business that means Sounth Asian Federation of Accountants
Shorthand: SAFA,
Full Form: Sounth Asian Federation of Accountants
For more information of "Sounth Asian Federation of Accountants", see the section below.
» Business » Accounting
Purpose
Objectives
SAFA has set several objectives as part of its mission including:
• Promoting high-class education standards through practising accountants;
• Encouraging standardization by developing regional policies that promote harmonization;
• Providing up-to-date information on changing environmental conditions;
• Enhancing mutual understanding amongst accounting professionals;
• Developing guidelines on auditing standards; and
• Encouraging cross border collaborations amongst members on a range of issues concerning professional practice
Essential Questions and Answers on Sounth Asian Federation of Accountants in "BUSINESS»ACCOUNTING"
What does SAFA stand for?
SAFA stands for Sounth Asian Federation of Accountants.
Who is a member of SAFA?
SAFA is composed of accounting bodies from eight countries in South Asia including Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.
What are the objectives of SAFA?
The main objectives of SAFA include promoting the development and harmonization of accounting standards and practices in the region, enhancing professional practice in accountancy and exchanging information on current developments.
What activities does SAFA organize?
SAFA organizes various activities including conferences, seminars and workshops related to accounting topics, technical assistance programs to enhance capacity-building in the profession across the region.
How often is a conference organized by SAFA?
The Regional Conference belongs to an annual event organized by SAFA which gathers members from all eight countries. It provides an excellent opportunity for experience sharing among delegates from these countries.
What kind of resources do members get access to?
As a member of SAFA you get access to specialized training material covering the latest updates in accounting standards as well as reports on best practices in different aspects of accountancy services. You also get access to newsletters with regional economic insights.
Is there any scholarship program offered by SAFA?
Yes, SAFA offers scholarships to students pursuing study related to accountancy such as Accounting education related studies or research projects. It provides financial assistance to deserving students for their education needs.
Is there any code of ethics prescribed by SAFA for its members?
Yes, Members are required to maintain a high moral standard in carrying out their duties ethically and professionally at all times as per the code of ethics prescribed by the Council of Professional Accountants (CPA).
Is there any fee structure for membership fees?
Yes, Annual fees vary depending on category which can either be individual or corporate. There are other factors such as country population and income levels which determine applicable subscription rates set annually during Annual General Meeting.
How often is an AGM held by SAFE?
An Annual General Meeting (AGM) is usually held once a year where members come together discuss important issues that concern them concerning their profession such as recommendations on ethical principles applicable across jurisdictions.
How can I become a member?
In order to become a member one has to register with state's competent accounting body which will process your request further upon submission of required documents along with applicable fees if needed.
Final Words:
All in all, it can be said that by collaborating closely with respective institutions within different countries under SAARC umbrella through its membership base consisting of national chartered accountancy bodies from all member countries created over the last 20 years - South Asia Federation Of Accountants (SAFA) has been playing a significant role in bringing reforms into diverse sectors across all member states such as not just audit & assurance but also corporate governance thereby helping achieve desired economic goals leading towards collective progress throughout entire South Asia resulting in improved economic relations amongst all 15 participating nations.
SAFA also stands for: |
|
| All stands for SAFA |