The government has directed the National Board of Accountants and Auditors Tanzania (NBAA) to strengthen ethics and professionalism in the accounting sector to ensure the country produces experts capable of supporting national development goals.
Finance Minister Khamis Mussa Omar issued the directive during a meeting with the leadership of the National Board of Accountants and Auditors Tanzania in Dar es Salaam, where he received a progress report on the institution’s performance for the 2025/26 financial year.
The NBAA delegation was led by the board chairperson, Sylvia Temu.
Mr Omar said the accounting profession remains a key pillar in ensuring proper management of public resources, financial transparency and confidence among investors and citizens.
He stressed the importance of producing accountants guided by ethics, integrity and patriotism, noting that the profession plays a direct role in the management of national resources.
The minister also commended NBAA for ongoing reforms aimed at improving the profession, including the use of modern technology in financial reporting systems and the continued registration of accountants and audit firms.
Prof. Temu said the institution has continued to strengthen regulation of the accounting and auditing profession while focusing on developing professionals who meet international standards.
She said by the third quarter of the 2025/26 financial year, NBAA had registered 8,864 CPA Graduate Accountants, 6,631 Associate Accountants and 529 Fellow Accountants.
Between July 2025 and March 2026, the board also registered 22 new audit firms, 19 accounting firms and 271 accountants.
NBAA Chief Executive Officer Siasa Mzenzi said the board has completed a modern financial reporting collection system known as NBAA-VN.
According to him, the system has already collected more than 11,000 financial statements from companies across the country and is expected to help curb financial fraud, eliminate fake audit firms and improve transparency in the financial sector.
He added that more than 2,149 accountants have been trained on international sustainability financial reporting standards to equip them with skills related to environmental accountability and climate change reporting.
