Building A Bridge To A Brighter Africa
STRATEGIC PLAN
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PAFA STRATEGIC PLAN – REVIEWED IN JULY 2015 - INDEX
INTRODUCTION ............................................................................................................................................................................................................. 2
STRATEGIC OBJECTIVE 1: STRONG AND SUSTAINABLE PAOs ............................................................................................................................ 4
STRATEGIC OBJECTIVE 2: INTERNATIONAL STANDARDS ..................................................................................................................................... 6
STRATEGIC OBJECTIVE 3: PFM AND PUBLIC SECTOR ........................................................................................................................................... 7
STRATEGIC OBJECTIVE 4: REGIONAL COOPERATION ........................................................................................................................................... 8
STRATEGIC OBJECTIVE 5: THOUGHT LEADERSHIP ............................................................................................................................................... 9
KSF 1: SHAKEHOLDER ENGAGEMENT ...................................................................................................................................................................... 9
KSF 2: SECRETARIAT AND GOVERNANCE ............................................................................................................................................................. 10
KSF 3: STRONG PAFA BRAND .................................................................................................................................................................................. 10
KSF 4: MEMBER BUY-IN............................................................................................................................................................................................. 11
KSF 5: RESOURCE MOBILISATION........................................................................................................................................................................... 12
KSF 6: COMMUNICATION/LANGUAGE INCLUSIVITY .............................................................................................................................................. 12
* KSF: Key Success Factors
INTRODUCTION
The Pan African Federation of Accountants (PAFA)/Fédération Panafricaine des Experts-Comptables (PAFA), was launched in May 2011 to accelerate the
development of the accountancy profession in Africa and strengthen the voice of the accountancy profession within Africa and worldwide. PAFA is
composed of 44 professional accountancy organizations from 37 countries. PAFA firmly believes that good governance, accountability, good financial
management and transparency are principal pillars in the acceleration of economic development and reduction of poverty and that Professional
Accountancy Organisations play a vital role in achieving these pillars.
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The PAFA Board developed a Strategy Plan for the period 2012 to 2016. The Board has found it necessary to carry out a comprehensive review of the
strategy plan in the light of the changing environment and lessons learnt since the launch of PAFA.
The strategy plan identifies strategic objectives and key success factors (KSF) that will assist PAFA in continuing to find its place of relevance.
PAFA’s Vision - Globally recognised as the influential (official/authoritative) voice of the accountancy profession from Africa
PAFA’s Mission - To work in the public interest by leading and developing the accountancy profession in Africa, (speaking out on behalf of the
accountancy profession from Africa) and delivering value to its members and stakeholders.
Strategic Objectives
 To build strong and sustainable professional accountancy organisation in each African country recognised as contributing to the national professional,
economic and social development and demonstrating compliance with IFAC Statements of Membership Obligations (SMOs). (Strong and sustainable
PAOs).
 To influence, adopt, implement and facilitate International standards and best practice in each member country working coherently with the IFAC SMOs
and common guidelines as required for the accountancy profession in Africa thus improving the quality of financial reporting for better decision making.
(International standards and Best practise)
 To facilitate the Accountancy Profession to contribute in strengthening Public Finance Management (PFM) systems in order to achieve fiscal discipline,
effective resource allocation and effective service delivery to citizen thus creating value for money. (Public Sector)
 To enhance a working common approach that facilitates the sharing of knowledge, resources and experiences (Regional Cooperation)
 To engage in generating cutting edge knowledge and solutions on future issues that will impact the economy, society and the profession. (Thought
Leadership).
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STRATEGIC OBJECTIVE 1: STRONG AND SUSTAINABLE PAOs
STRATEGY
ACTIONS
Determine maturity levels of various
PAOs to determine developmental needs
of various member PAOs.
Facilitate mentoring of PAOs depending
on developmental needs as shown by
the maturity status report.
To strengthen existing
PAOs in Africa.
Facilitate creation of new
PAOs
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WHO/RES
OURCE
CEO/AFDB
funding.
CEO
DELIVERABLE
Status report showing maturity levels.
Funding proposals to development
partner.
TIME
FRAME
June
2016
ACTIVITY FOR 2016
Development of status
report.
Sept 2016 Writing and submitting
funding proposal.
Developed PAOs mentoring developing
PAOs.
Setting up partnering arrangements with
more well established PAO’s.
CEO
Seek funding for the employment of a
PAO Development specialist at the
PAFA Secretariat.
Encourage PAFA members who are not
yet IFAC members to progress towards
IFAC membership.
Work towards an all-inclusive
accountancy profession in countries
where the profession excludes non
auditors.
CEO
Establish potential partners in the
creation of PAOs in countries where
CEO
CEO
CEO
Funding proposal submitted to potential Subject to
development partners.
funding.
Adapt IFAC SMO reporting template for
PAFA members who are not IFAC
members
Work with OHADA, FIDEF UEMOA,
CEMAC, IFAC, World Bank, AFDB and
other Stakeholders to achieve an allinclusive profession.
Work with OHADA, FIDEF UEMOA,
CEMAC, IFAC, World Bank, AFDB and
Subject to funding.
March
2016
Write and submit funding
proposal.
March
2016
Circulate template to
members and seek half
yearly updates.
Hold discussion with various
stakeholders on the subject.
On going
On going
Start consultative process
with various stakeholders.
there are no PAOs.
Relevance of PAOs in
their countries
other Stakeholders to establish
contacts in countries without PAOs.
Work with the partners towards the
establishment of PAOs.
CEO
Use the contacts to work towards
establishment of PAOs.
On going
On-going.
Encourage PAFA members to become
an authoritative voice in their countries
and play positive roles in society.
CEO
Develop a guideline for PAOs on how
to effectively engage with Government,
Public Sector and other stakeholders.
Develop Public Sector Committee
template TOR
March
2016.
Develop guideline and
circulate to members.
March
2016
Develop TORs and circulate
to members.
CEO
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STRATEGIC OBJECTIVE 2: INTERNATIONAL STANDARDS
STRATEGY
Influence International
Standards/
Adoption of International
standards
ACTIONS
WHO
DELIVERABLE
PAFA Secretariat to facilitate the work of
the Technical and Standard Setters
Forum.
CEO
Provide budget and Secretarial services
to the TSSF.
Develop a PAFA Centre of Excellence
where members can share information
Develop a template project plan
providing the planning and actions that
are necessary to run a Financial
Reporting Awards event.
Encourage members to introduce
awards that will promote compliance with
international standards similar to the
FiRe (Financial Reporting) awards in
Kenya, Tanzania and Uganda.
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TIME
FRAME
On
going
ACTIVITY FOR 2016
On going
An annual technical/standard setters’
event in Francophone Africa,
Anglophone Africa, and at the time of
the General Assembly Africa.
Seek funding for the employment of a
Technical and Standards specialist.
CEO/Consu Redesign the PAFA website to include a
ltant
resource section where links to various
resources and tools can be accessed by
members and other stakeholders.
CEO
More PAFA Members introducing similar
awards raising the profile of the Institute
and the Profession.
CEO
More PAFA members introducing
Financial Reporting Awards
March
2016
Redesign of website.
On
going
Obtain framework from
ICPAK, NBAA and ICPAU.
On
going
On going
STRATEGIC OBJECTIVE 3: PFM AND PUBLIC SECTOR
STRATEGY
Professional participation
in PFM
Champion the AccountabilityNow
initiative in Africa.
CEO
Link the AccountabilityNow website to
the PAFA website
TIME
FRAME
March
2016
Prioritise conclusion of MOU with AU
CEO
Signed MOU between PAF and AU.
On going
On going
Take lead in advocacy and
encouragement of PAO to initiate
discussion with political leadership in a
manner that will benefit the economy and
the profession.
Influencing International Accounting
Education Standards Board to include
Public Sector subjects in the
accountancy qualification framework.
CEO
Prepare guideline on effective
engagement with government and
public sector which will include terms of
reference for Public Sector committees
at PAO level.
Engage with appropriate officials in
IFAC
As earlier
As earlier
On going
Contact IFAC with proposal.
Work through PAOs
On-going.
On going
ACTIONS
Facilitate research to obtain facts &
evidence that can be used to influence
policy papers
Collaboration:
Work with other stakeholders in the PFM
arena such as: AFROSAI (and its
linguistic sub regions), ESAAG, ICGFM,
AFROPAC, FAAGWA and other regional
bodies.
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WHO
CEO
CEO
working
through
members.
CEO
DELIVERABLE
Identify programmes of mutual interests On going
and work towards their achievement.
Co – organise one PFM event with
PFM stakeholder(s)
ACTIVITY FOR 2016
Part of the website redesign
Use current relationships to
continue engagement
Funding proposal.
Obtain a speaking slot at each of the
above organisations AGMs where an
update on PAFA is presented.
CEO
Seek funding for the employment of a
PFM specialist at PAFA Secretariat.
Speak at partner events
On going
On going
STRATEGIC OBJECTIVE 4: REGIONAL COOPERATION
STRATEGY
ACTIONS
Create terms of reference to assist in
formulation of MOU and MRAs in the
various regions.
PAOs within same region
working in close
cooperation
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WHO
DELIVERABLE
CEO/DSO
Adapted East Africa PAOs MRA into a
PAFA template (with their permission).
TIME
FRAME
March
2016
ACTIVITY FOR 2016
Adapt MRA
Identify PAO in region to coordinate
regional activities on behalf of PAFA.
CEO
Seek a volunteer from each region.
On going
On going
Identify areas of mutual interest within
the region and share with development
partners with a view of sourcing funding
for regional projects.
CEO
Outcome from the status report funded by
the AfDB will input to this activity.
On going
On going
Encourage/organise regional seminars,
workshops and conferences.
CEO
Encourage each region to organise one in
2016.
On going
STRATEGIC OBJECTIVE 5: THOUGHT LEADERSHIP
STRATEGY
ACTIONS
WHO
Obtaining and
disseminating of trending
developments
Stimulate accountancy academics to
research emerging trends that are likely
to affect the economies, society and the
profession and to initiate researches in
subjects of interest to PAFA.
CEO
working
through
CEOs
Forum.
PAFA to produce a periodic Newsletter.
CEO
TIME
FRAME
Research reports that can be presented On going
at ACOAs and which can be useful in
promoting the importance of a wellestablished accounting profession.
ACTIVITY FOR 2016
DELIVERABLE
Work through PAOs and other
stakeholders to establish links with
universities in their jurisdictions.
Publication: from the Presidents/ CEOs
desk-(Journal).
Use Twitter, LinkedIn and Facebook
and Initiate discussion.
March
2016
Ongoing.
Quarterly online publication.
KSF 1: SHAKEHOLDER ENGAGEMENT
STRATEGY
Branding PAFA
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ACTIONS
WHO
Develop a stakeholder engagement plan/
marketing strategy and that will identify
various stakeholders and their relative
importance to PAFA.
CEO
DELIVERABLE
Approved Stakeholder Engagement plan
with sufficient resources allocated to
achieve the plan.
TIME
FRAME
March
2015
ACTIVITY FOR 2016
Engage consultant to do
the work. Implement the
strategy.
KSF 2: SECRETARIAT AND GOVERNANCE
STRATEGY
Strengthen Secretariat in
human and other
resources to meet
operational needs.
Succession Planning
ACTIONS
WHO
Current CEO scheduled to retire in 2019.
Plan for CEO succession
Employ/Contract translator, PFM
specialist, PAO development specialist
and Technical and Standards capacity
building specialist.
Transfer of Institutional
Set up a Board member rotation history
memory to PAFA Board & to monitor rotation.
staff and through
Extract all policies and procedure
communication with PAFA decisions from minutes and collect in a
member CEs.
single manual of decisions and policies
CEO
DELIVERABLE
CEO recruitment process approved by
PHCFC, process initiated by mid-2018
New CEO identified by mid - 2019
Translator/Translation Contractor.
TIME
FRAME
June
2018
ACTIVITY FOR 2016
None
Funding proposal for specialists.
CEO
CEO
Sufficient retention of institutional history at
Board level.
Up to date and comprehensive manual of
decisions and policies
March
2016
On going
On going
On going
KSF 3: STRONG PAFA BRAND
STRATEGY
PAFA Branding
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ACTIONS
Implement Marketing/Stakeholder
engagement Plan/Communication Plan.
WHO
DELIVERABLE
Strong PAFA brand
CEO
TIME
FRAME
On
going
ACTIVITY FOR 2016
On going
KSF 4: MEMBER BUY-IN
STRATEGY
Communication with
members to increase
member buy-in
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ACTIONS
Increase communication through the
CE’s Forum.
WHO
CEO
DELIVERABLE
Organise CEs forum at least once a year.
CEO to communicate CEs frequently (at
least monthly), more informed and
committed members.
TIME
FRAME
On going
ACTIVITY FOR 2016
On going
Work through the Technical and
Standard Setters’ Forum.
TSF
As under standards.
On going
On going
Start a quarterly online publication to
communicate PAFA activities to
members.
CEO
President/CEO’s Desk/Technical Bulletin.
On going
On going
Continue to organise ACOA.
CEO
ACOA2017 in Uganda
Have a schedule of ACOA’s extending at
least 4 years in advance
CEO
Send call for expression of interest to host
ACOA2019 and ACOA2021.
March
2016
Call for expression of
interests.
In conjunction with members organise:
seminars, workshops and conferences.
CEO
Organise a co-branded event with a
member PAO each.
On going
Communicate concept
to members.
KSF 5: RESOURCE MOBILISATION
STRATEGY
Mobilise resources to
meet operational needs
ACTIONS
Hold meetings with potential funders.
Make follow-ups with contacts with
existing potential donors.
Conclude funding for a project or
operational activity.
Seek resource support and donations in
kind from those who are in a position to
offer such resources.
At least 75% of membership
subscriptions to be received by 31 March
each year.
Funding proposals and funding
TIME
FRAME
On going
On going
CEO
Project or operational funding
On going
On going
CEO
Resource support
On going
On going
CEO
Send monthly statements to our debtors.
On going
On going
WHO
CEO
DELIVERABLE
ACTIVITY FOR 2016
KSF 6: COMMUNICATION/LANGUAGE INCLUSIVITY
STRATEGY
To make PAFA stronger
with more member
participation through
ensuring no language
barriers exist.
ACTIONS
Utilise all available communication tools
to members and other stakeholders.
WHO
CEO
DELIVERABLE
Website redesign as earlier mentioned,
commence with social media
communication
Adopted all the African Union (AU) Board/AGM Change PAFA Constitution to adopt all the four
(4) African Union languages as PAFA
languages as languages of PAFA so as
languages. Website link for technical enquiries,
to achieve inclusivity
the website must be in 4 languages.
Manage PAFA website in all PAFA
languages.
Seek assistance from FIDEF on translating
Translate PAFA documents into all
CEO
documents into French.
PAFA languages.
Employ staff as mentioned earlier.
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TIME
FRAME
On going
ACTIVITY FOR 2016
On going
TBA
TBA
On going
On going