Bank of Maldives (BML) has signed a Memorandum of Understanding (MoU) with the Institute of Chartered Accountants of the Maldives (CA Maldives) to strengthen the accounting and auditing profession in Maldives.
Under the agreement, BML will collaborate with CA Maldives to strengthen the accounting and auditing profession through knowledge-sharing, regulatory development, and capacity building.
BML’s CEO and Managing Director Mohamed Shareef said this partnership marks a significant step in enhancing professional standards in accounting and finance across the country.
“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 said.
According to BML, the partnership aims to provide long-term advantages for both institutions and the Maldivian economy by supporting the development of skills, knowledge, and ethical standards in accounting and finance as the bank continues to pursue partnerships and initiatives designed to support individuals, businesses, and communities nationwide.
Last year, BML partnered with CA Maldives for the Maldives Accountants Forum (MAF). The forum provided a platform for professionals to collaborate, share knowledge and engage with industry stakeholders.