African Accounting Council (AAC)

HISTORY AND PRESENT STATUS

The AAC was established in 1979 and is a Specialised Agency of the Organization of African Unity (OAU). It provides assistance to institutions in member countries on standardisation of accounting and promotes education, further training and research in accountancy and related areas of study. The AAC has its headquarters in Kinshasa, Democratic Republic of the Congo.

RELEVANT TREATIES/PROTOCOLS ETC

• OAU Charter

The OAU Charter was adopted on 23 May 1963. South Africa was admitted to the OAU on 23 May 1994 and the OAU Charter became binding on South Africa on that same date.

GENERAL COMMENTS

In principle, all member states of the OAU are members of the AAC. The activities of the AAC are currently being hampered by the ongoing