The role of the Association of Cameroon Accountants as a regulatory body for the accounting profession in Cameroon

Abstract

This paper focuses on the role of the Association of Cameroon Accountants (ONECCA); as a regulatory body for the accounting profession in Cameroon. The data collected have been used to carefully assess the effectiveness of the accounting institution, as a regulatory body. The data reveals the extent to which effective regulatory structures are essential to the growth of the profession and the development of the country. There is a clear need for a regulatory framework in the Accounting Profession, which should be set up by an umbrella body i.e. the Association of Cameroon Accountants (ONECCA). The introduction gives a general background of this paper, with an eventual focus on the theoretical framework and a review of the relevant literature. These are followed by empirical evidence that has been carefully analysied and presented in this work. Data for the analysis was collected through the use of questionnaire, personal interview and observation. The findings indicate that ONECCA is doing its best in regulating and controlling the Accounting Profession in Cameroon. The research findings therefore recommend that ONECCA should set up an examination body to serve the needs of the accounting profession, which is a poorly populated and represented profession in Cameroon. (Af. J. Finance and Management: 2002 11 (1): 80-89)