BML-CA Maldives partners to strengthen accounting and auditing profession in Maldives

Bank of Maldives (BML) and Chartered Accountants of the Maldives (CA Maldives) have signed a Memorandum of Understanding (MoU) to strengthen the accounting and auditing profession in Maldives.

As part of this MoU, BML will collaborate with CA Maldives to strengthen the accounting and auditing profession through knowledge-sharing, regulatory development, and capacity building.

BML’s CEO, Managing Director Mohamed Shareef described the partnership as a significant step forward in enhancing professional standards in accounting and finance across Maldives.

“By working closely with CA Maldives, we aim to build capacity, promote best practices and contribute to the overall development of the financial sector and economy of the Maldives,” he added.

According to BML, the partnership is aimed at delivering lasting benefits to both organizations and the Maldivian economy by fostering the growth of skills, knowledge, and ethical practices in the fields of accounting and finance.

The bank affirmed its commitment to pursuing partnerships and initiatives designed to support individuals, businesses, and communities nationwide.

In this regard, it noted that last year, the bank had partnered up with CA Maldives for the Maldives Accountants Forum (MAF) which provided a platform for professionals to collaborate, share knowledge and engage with industry stakeholders.