The objectives of the Institute shall be as follows:

1. To play the role of a Regulatory Body to encourage the members to carry on accountancy within the scope of the code of conduct in order to consolidate and carry on developing the accountancy for the economic development of the Nation.
2. To enhance social recognition and faith in the accountancy by raising awareness of the general public towards the importance of accountancy and the economic and social responsibility of  the accountants.
3.  To develop, protect and promote the accountancy by making the accountants understand their responsibility towards the importance of the accountancy and accounts.
4. To develop the registration, qualifications of the accountants and the examination system in consonance with international norms and practice so as to make the accountancy respectable and reliable.