Malé, Maldives — The Maldives Accountants Forum (MAF) 2025 convened this week, bringing together key stakeholders from the financial and regulatory sectors to address pressing challenges in audit quality and professional accountability. In his keynote address, CA Maldives President Mr. Mohamed Haleem Abdulla delivered a compelling call to action, urging the profession to strengthen its commitment to transparency and trust in financial reporting.

Mr. Haleem Abdulla emphasized the critical importance of conducting rigorous audit quality reviews, noting that such practices are essential to safeguarding public confidence and ensuring the integrity of financial disclosures across the country. “Accountability and transparency are not optional—they are the foundation of a resilient financial ecosystem,” he stated.

He further highlighted the need to establish a robust and standardized system for registering accountants in the Maldives, describing it as a cornerstone for professional regulation and sectoral advancement. Without proper oversight and adherence to the External Auditors Quality Assurance framework outlined in the Act, he warned, the country risks significant market losses.

“As investment activities in our capital market and stock exchange continue to grow, the imperative for quality assurance becomes even more urgent,” Mr. Haleem Abdulla stressed. “Accuracy and compliance must be non-negotiable pillars of our financial infrastructure.”

The forum underscored CA Maldives’ ongoing commitment to aligning national practices with global standards, fostering ethical leadership, and advancing the professional development of accountants across the region.