IFAC Membership
SOCAM became a member of the International Federation of Accountants (IFAC) in 1983. IFAC is the global organization for the accountancy profession that is committed to protecting the public interest by developing high quality international standards, promoting strong ethical values, encouraging quality practice, and supporting development of all sectors of the profession around the world.
The global body for the accountancy profession has 155 member bodies and associates in 118 countries, thus representing more than 2.5 million professional accountants worldwide.
As a member of IFAC, SOCAM complies with the Statements of Membership Obligations .
SOCAM is given specific powers and duties under the Public Accountants and Auditors Act (Laws of Malawi Chapter 53:06).
The Act provides the functions of the Society as to....
