The National Board of Accountants and Auditors (NBAA) is an accounting professional and regulatory body operating under the Ministry of Finance and Economic Affairs, the sole body to certify accountants in Tanzania

Tanzania

The United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...

.
It began operating on 15 January 1973.

Accounting standards

All non-government business entities in Tanzania have been required to use International Financial Reporting Standards

International Financial Reporting Standards

International Financial Reporting Standards are principles-based standards, interpretations and the framework adopted by the International Accounting Standards Board ....

 (IFRS) since 2004, while until May 2010 government business entities were required to use International Public Sector Accounting Standards

International Public Sector Accounting Standards

International Public Sector Accounting Standards are a set of accounting standards issued by the IPSAS Board for use by public sector entities around the world in the preparation of financial statements...

. As of May 2010, the NBAA clarified that some government-owned entities was now required to use full IFRS and others were allowed to use IFRS for SMEs. When using the IFRS standards, the entities had to use them in full and without modification from the form issued by the International Accounting Standards Board

International Accounting Standards Board

The International Accounting Standards Board is an independent, privately funded accounting standard-setter based in London, England.The IASB was founded on April 1, 2001 as the successor to the International Accounting Standards Committee...

 (IASB).

Professional qualifications

The NBAA is an examining body for professional accountancy qualifications, but does not train candidates seeking to qualify as accountants. Instead, it works with various public and private training institutions.

The NBAA serves both the public and the private sectors, although there have been weaknesses in its support for public financial managers. To address this, the NBAA worked with the Eastern and Southern Africa Association of Accountants General, the Federation of Accountants and Auditors General of West Africa and the English Speaking African Association of Supreme Audit Institutions to develop a PFM Qualifications Framework for Tanzania, which would be used as a pilot for the region.
After evaluating and rejecting several options, the NBAA appeared to be leaning towards a mixed public/private sector curriculum for all candidates. However, there has been resistance to implementing this compromise.

Associated bodies

The NBAA is a member body of the International Federation of Accountants

International Federation of Accountants

International Federation of Accountants is the global organization for the accountancy profession. IFAC has 164 member and associates in 124 countries and jurisdictions, representing more than 2.5 million accountants employed in public practice, industry and commerce, government, and academe...

 (IFAC).
It was a charter member of the Pan African Federation of Accountants

Pan African Federation of Accountants

The Pan African Federation of Accountants is the regional body that is aimed to represent African professional accountants with one and louder voice, particularly in relating with International Federation of Accountants...

(PAFA).
Dr. Mussa J. Assad of the NBAA was named vice president of PAFA at its inaugural meeting on 5 May 2011.