The Chartered Accountants of Maldives (CA Maldives) successfully appointed new members and chairpersons to its committees at a ceremony held on 22 October 2024. With these new appointments, the Institute consists of 11 committees in total. This includes 6 statutory committees and 5 additional committees to execute its mandate.  The ceremony highlighted the Institute’s dedication to enhancing governance and advancing professional standards within the accounting profession in the Maldives.

The ceremony began with a welcoming address from the President of the Institute, Mr. Mohamed Haleem Abdulla. He emphasized the essential role of the committees in driving the Institute’s strategic objectives and assured newly committee members that the Council would provide full support to all committees, ensuring their efforts effectively contribute to the growth and development of the profession.

Following the President’s remarks, the newly appointed CEO of the Institute, Dr. Mohamed Mahid Shareef, introduced himself to the attendees. Sharing insights from his professional journey, Dr. Mahid expressed enthusiasm for the Institute’s future and confidence in the newly appointed committee members. He highlighted the significance of professional accountants in a nation’s economy and emphasized the Institute’s commitment to enhancing the quality of accountants and auditors in the Maldives.

During the ceremony, a draft of the Institute’s Strategic Plan for 2025-2027 was presented. This draft plan focuses on five major strategic goals, each supported by a detailed action plan designed to guide the Institute and its members through the evolving challenges of the global business landscape.

Special invitee of the ceremony, Mr. Shimad Ibrahim, CEO and Managing Director of the State Trading Organization (STO), delivered a keynote address emphasizing the importance of collaboration between professional bodies like CA Maldives and the broader business community. He praised the Institute’s commitment to governance and professional excellence, highlighting its significant impact on the Maldivian economy. Mr. Shimad assured attendees of STO’s full support and commitment to working together to enhance the mission of CA Maldives.

The event concluded with closing remarks from the Vice President of the Institute, Mr. Ali Faris Mohamed. He expressed gratitude to the committee members, stakeholders, and the Institute’s leadership for their dedication and support, underscoring the significance of teamwork and collaboration in achieving the Institute’s strategic goals.

The appointment of new committee members marks a pivotal moment in CA Maldives’ ongoing efforts to promote excellence and uphold the highest professional standards in the Maldivian accounting profession. The institute is also set to become a member of the prestigious International Federation of Accountants in next month.