The Faculties help to complement the technical information available to the firms of chartered accountants and other corporate members. They also serve as ready recourse for the resolution of technical issues, conflict of opinions and for the sharing of business and professional information on developments within the environment and practice areas.
TO REGULATORY BODIES:
The Faculties raise the quality of professional practice to ensure compliance with standards, regulations and best practice, thereby enhancing the quality of financial reporting in the country and sustaining public confidence in the profession.
TO USERS OF SERVICES OF CHARTERED ACCOUNTANTS:
Users of the services of chartered accountants are better assured of the quality of services they receive and are persuaded to place greater reliance on the work of chartered accountants. The existence of the Faculties also enhances the image and perception of the Institute as a responsive and responsible professional body that cares about the fortune of its stakeholders.