The AAFA has established academic collaborations with several institutions/organisations via memoranda of understanding and continues to support as well as being supported by these institutions/organisations. Some of these include:

Accounting and Finance Association of Australia and New Zealand (AFAANZ)

A collaboration agreement was entered into between AAFA and AFAANZ in 2021. Areas of cooperation include but are not limited to participation of high-profile academic as guest speaker at the emerging scholar’s colloquium and main conference. AFAANZ also offer opportunities for AAFA members to attend AFAANZ events particularly focussed on training emerging scholars including the AFAANZ Doctoral Education Network (AFDEN) and AFAANZ Insight Series. AFAANZ also sponsors two emerging Scholars Best Paper awards at the annual AAFA conference.

European Accounting Association (EAA)

The 2021 collaboration agreement between AAFA and EAA has the specific purpose of enhancing the academic capabilities of accounting scholars in Africa and contributing to their career development. Part of this agreement makes provision to award up to twenty-five (25) PhD students with free EAA membership and providing free access to EAA journals and the entire EAA-ARC website and related sources for a period of two years.

Pan African Federation of Accountants (PAFA)

Since 2015, AAFA has collaborated with the Pan African Federation of Accountants (PAFA). The World Bank, through PAFA, funds an Africa Call for Papers Research Initiative. The initiative supports African accounting and finance scholars in conducting policy focused research in Africa. At the 2021 Africa Congress of Accountants, the third round of research conducted by African Call for Accounting and Finance Research Initiative (ACAFRI) winning teams were featured at the Congress.

African Professionalisation Initiative (API)

API is a joint initiative of the African Organisation of English-speaking Supreme Audit Institutions (AFROSAI-E), the Conseil Régional de Formation des institutions Supérieures de Contrôle des Finances Publiques de l’Afrique Francophone sub-Saharienne (CREFIAF), the East and Southern African Association of Accountants General (ESAAG), the Pan African Federation of Accountants (PAFA) and the African Accounting and Finance Association that seeks to address the capacity challenges in auditing and accounting in the African Public sector. AAFA acts as an observer to the Oversight Board the oversight authority of the API and AAFA representatives provided valuable contributions to the API’s Academic Advisory Committee.

Good Governance Academy (GGA)

AAFA and GCA signed a memorandum of support and information sharing.