Adding value & Impacting lives


Introduction to MAF

Maldives Accountants Forum

Auditing profession is critical to the development and wellbeing of national economy. In this global economy, the need for reliable and high quality financial reporting as well as assurance provided by the auditors on them cannot be overstated. They are the keys to improving financial transparency, management accountability, good governance as well as the main source of investor confidence and the sure way to achieving financial prudence.

As a nation, we are in need of promoting auditing and accountancy profession to the next level to cater to the emerging developmental and investment needs of the country. As the regulator, AGO is taking several measures to promote this profession. Some of the ongoing initiatives include the issuance of license to the auditors, conducting of quality control reviews and CPD programs for the licensed auditors. A draft bill to form first ever professional accountancy body in the Maldives has also been forwarded to the Attorney General. This is however a complex process with multiple stakeholders and vested interests. Thus a national platform to discuss a way forward is a critical step in our progress.

Maldives Accountants Forum is meant to hear from the regulators and business community, in order to enable the accountants and auditor to better attune their work to the needs the of industry stakeholders and to provide a capacity development opportunity for the professionals while creating greater understanding and stronger bond among all concerned.


Auditing began in Maldives about 67 years ago, with just one man and one desk. Ever since the AGO and its predecessors have taken the initiatives to develop accounting and auditing profession in the Republic of Maldives. Firstly, it was through designing and delivery of a local program to build technicians to undertake bookkeeping and audit work in public sector entities. Later, the focus was shifted to introducing a regionally accredited accounting qualification to Maldives. Lastly, the AGO started sponsoring candidates to study for professional qualification of the Association of Chartered Certified Accountants (ACCA) abroad. Today, ACCA and several other academic qualifications are offered through Maldives National University and colleges. AGO has also licensed more than forty local parties to provide auditing and assurance services. However, these auditors and accountants need a regulatory body, and an active voice to promote their interest and to provide opportunities for them locally and abroad. In order to build a world class auditing and accounting industry, we still have a long way to go. The formation of professional accountancy body, in the name of The Institute of Chartered Accountants of Maldives would be the most important milestone. At this juncture, we need to share this with the business community and regulators in order to develop a positive agenda for change. Time has come for the regulators and policy makers and professionals to sit with business leaders to identify issues and priorities and a way forward, placing the needs and expectations of the business community at the heart of this initiative.


  • To promote auditors and accountants and to gain confidence of the industry for their work
  • To orient the auditors and accountants to the emerging issues and opportunities
  • To hear the concerns and expectation of the business community
  • To share learning, experience and expectations among the key stakeholders
  • To gain insight for making policy decision
  • To provide networking opportunities


  • Government (MoF, MED, MoE/DHE, MMA, CMDA, ACC, PAC)
  • Financial Institutions & Banks
  • Govt. Corporations / SOEs
  • University / Colleges
  • Licensed Auditors / Professional Accountants
  • Private Sector Businesses ( Large companies)
  • Media


Adding Value & Impacting Lives

Key benefits of attending the forum

  • This forum will provide the opportunity to share and exchange knowledge and experience with the peers
  • Government institutions and business leaders will express their concerns and highlight risks in today’s professional landscape
  • Participants will gain an understanding of the challenges and opportunities faced by private audit practitioners
  • This platform will create opportunities to address, discuss, and discover solutions for the daily challenges of auditing and accounting
  • This will be a golden opportunity to grow your professional network and contacts to support your role as a professional member
  • Participation fee is free

Vanue & Date

Date Venue Session
2nd July 2018 Hotel Jen Inauguration & Keynotes
3rd July 2018 AGO – Seminar Hall Technical Sessions
4th July 2018 AGO – Seminar Hall Technical Sessions
5th July 2018 AGO – Seminar Hall Technical Sessions


Fill the below to participate this year's forum
Registration for Accountants forum 2018 has been closed


Profile of the speaker's that will address in the forum


08:55 09:00 Recitation of the Holy Quran
Ms. Aminath Muaza
Auditor - Auditor General’s Office
09:00 09:10 Welcome Remark
Mr. Hassan Ziyath
Auditor General
09:10 09:20 Video Presentation – Auditor General’s Office
09:20 09:40 Opening & Introductory Remark
Hon. Mohamed Saeed
Minister of Economic Development
09:40 10:00 Keynote address
Dr. In-Ki Joo
Deputy President - IFAC
10:00 10:10 Main Sponsor's Remark
Mr. Ahmed Shaheer
CEO - State Trading Organization
10:10 10:30 Refreshment & Networking
10:30 11:15 Stakeholder Expectation
Mr. Mohamed Ali Janah
Chair - Maldives Building and Construction Board
11:15 12:00 Adding Value & Building Trust
Mr. Manil Jayasinghe
The Institute of Chartered Accountants of Sri Lanka, (Partner - EY)
12:00 13:30 Lunch Break
13:30 14:30 Changes & Challenges – Panel
Dr. In-Ki Joo (Vice President - IFAC), Ms. Fareeha Shareef (Senior Partner - FJS Associates), Mr. Krishna Rengaraj (Partner - EY) Ms. Mariyam Visam (Registrar of Companies - MoED), Mr. Hussain Niyazy (Asst. Auditor General - AGO)
14:30 15:30 Achieving Professional Excellence
Mr. Hussain Afeef
Director – Lux Maldives
15:30 15:40 Vote of Thanks & Closure
Ms. Dheena Rafiu
Manager Technical Services - Auditor General’s Office
08:45 12:00 IFRS-15
Mr. Manil Jayasinghe
The Institute of Chartered Accountants of Sri Lanka, (Partner - EY)
13:30 15:30 IFRS-16
Mr. M. N. M. Shameel
Partner - KPMG
15:30 16:30 Work Life Balance
Mr. Adam Naseer
Institute of Audit and Assurance - Director Techinical Services, AGO
08:45 12:00 SMP Toolkit for Auditors
The Institute of Chartered Accountants of Sri Lanka
13:30 16:00 SMP Toolkit for Auditors
The Institute of Chartered Accountants of Sri Lanka
08:45 12:00 SMP Toolkit for Auditors
The Institute of Chartered Accountants of Sri Lanka
13:30 16:00 SMP Toolkit for Auditors
The Institute of Chartered Accountants of Sri Lanka


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Maldives Accountants Forum


Gaazee Building, 1st floor
Ameer Ahmed Magu,
Male', 20125
Republic of Maldives


Phone: +960 332 3939