The Chartered Accountants Act 13/2020 was approved by the Parliament on 32nd sitting of the second session of the People’s Majilis. Following the approval, President Ibrahim Mohamed Solih, ratified the Act on September 8th 2020.

The Act specifies, structuring all aspects of the Maldives’ Accountancy Profession in accordance with International Guidelines and Standards. The Act further establishes the ‘Institute of Chartered Accountants of the Maldives’ (CA Maldives) – a legal body mandated with the regulation of the Accountancy Profession in the Maldives.