Find Accountancy, Audit and Tax expertise in Cameroon

Overview

Numerous small and medium-sized accountancy and audit outfits can be found in Douala and Yaoundé in Cameroon. All of the ‘Big Four’ professional services firms operate in the country with varying levels of service. In terms of accounting standards, all non-financial institution firms in Cameroon must comply with the Organization for the Harmonization of African Business Law (OHADA) accounting framework. Financial statements must be filed annually in accordance with the OHADA treaty. Additionally, all public limited companies are legally obliged to have their annual accounts audited by a statutory auditor. There is discussion of adoption of International Financial Reporting Standards (IFRS) only for consolidated financial statements of listed companies from 2014. Furthermore, from 2018 it is intended that there will be a partial convergence of local GAAP (generally accepted accounting principles) and IFRS for both listed and non listed companies. In the World Economic Forum’s Global Competitiveness Report (2012-13) Cameroon ranked 124th in the world (out of 144 countries) for the strength of its auditing and reporting standards, with a value of 3.7 out of 7, below the world mean of 4.6. In the 2011 World Bank’s Ease of Doing Business Index it placed 147th in the world (out of 183 countries) for resolving insolvency, just below Gabon in 144th position.

Accountancy, Audit and Tax organisations in Cameroon
African Investment Corporation Inc
Cabinet ISIS
Institute of the Chartered Accountants of Cameroon
Okalla Ahanda & Associates
Organization for the Harmonization of African Business Law (OHADA), The