Strategic Objectives
Since 2003 there has been a drive to merge SOCAM with the Public Accountants Examination Council of Malawi (PAEC) to create the Institute of Certified Public Accountants (ICPAM). A bill to create ICPAM was drafted and presented to Parliament. A Strategic Plan for ICPAM was developed covering a 3 year period from 2006 to 2008.
In view of the delay of the merger, the high prospects of further delay and the need for SOCAM to continue looking ahead, the Council of SOCAM decided to develop an interim 3 year Strategic Plan for SOCAM for 2008 to 2011.
The creation of this strategic plan will allow SOCAM to focus on some key strategic objectives that will ensure that SOCAM reinforces its relevance and value to members, the Government and the society in general. The following Strategic Objectives have been identified as key areas to be pursued within this planning time frame:
- To enhance CPD and other service delivery to Members
- To promote transparency and accountability in the Public Sector
- To enhance institutional and technical capacity
- To enhance Student service delivery
- To continuously improve reputation, influence, global recognition, and external relations
- To enhance long term financial sustainability
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....
