[1] All non-government business entities in Tanzania have been required to use International Financial Reporting Standards (IFRS) since 2004, while until May 2010 government business entities were required to use International Public Sector Accounting Standards.

To address this, the NBAA worked with the Eastern and Southern Africa Association of Accountants General, the Federation of Accountants and Auditors General of West Africa and the English Speaking African Association of Supreme Audit Institutions to develop a PFM Qualifications Framework for Tanzania, which would be used as a pilot for the region.

After evaluating and rejecting several options, the NBAA appeared to be leaning towards a mixed public/private sector curriculum for all candidates.

[5] It was a charter member of the Pan African Federation of Accountants (PAFA).

Dr. Mussa J. Assad of the NBAA was named vice president of PAFA at its inaugural meeting on 5 May 2011.