MFCA & Associates

What MFCA & Associates does

MFCA & Associates is an ONECCA-accredited chartered accounting firm headquartered in Douala, Cameroon, delivering audit, tax, advisory, accounting, legal, and training services to clients across the OHADA region. Founded in 2016 as a sole proprietorship and incorporated as MFCA & Associates Ltd in 2020, the firm operates with approximately 13 staff organised across partners, senior auditors/tax professionals, and junior accountants, executing a partner-led engagement model in which senior chartered accountants supervise every client engagement. The firm is led by Managing Partner Dr. Michael Forzeh Fossung (PhD, CPA, 20+ years experience, former Chief Audit Executive of Union Bank of Cameroon) alongside a Quality Control Partner holding the FCCA and a Partner heading Tax & Legal services. The firm holds ONECCA accreditation (SEC 057), CEMAC registration (SEC 106), and memberships in MGI Worldwide (since March 2023) and the Forum of Firms, with methodologies aligned to ISA, IESBA, and ISQC.

The firm earns revenue through engagement-based professional fees across nine service lines: Audit & Assurance (statutory audits, external audits for banks/MFIs, internal control reviews, due diligence, forensic audits, grant/donor audits), Tax & Regulatory (corporate tax, VAT, CIT, withholding, tax planning, DGI dispute resolution, transfer pricing), Advisory & Consulting (financial advisory, valuation, M&A transaction advisory, business transformation, public sector/NGO advisory), Accounting Services (bookkeeping, SYSCOHADA compliance, payroll, financial statement preparation), Corporate Governance & Risk Management, Business Valuation & Due Diligence, Legal Services (incorporation, OHADA compliance, contract review, corporate secretarial), Training & Capacity Building (in-house training, public seminars, OHADA/SYSCOHADA workshops), and other complementary consultancy services. Pricing is not publicly disclosed and is structured as quote-based engagement fees tailored to client scope and complexity.

Distribution is direct via partner outreach, with secondary pipeline generated through seminars, regulatory update content (blog, LinkedIn, Facebook, Instagram), and international referrals via the MGI Worldwide network across 100+ countries. The firm's customer base of 70+ clients spans Financial Services, Energy & Infrastructure, Agribusiness, and Public Sector & NGO segments, including DHL, GIZ, NFC Bank, Telcar Cocoa, AMSCO, Leabak, Limal, and Softcar. Technology usage is limited to standardised digital working papers and documented methodologies rather than proprietary platforms or AI-enabled tooling.

Name

MFCA & Associates

Legal name

MFCA & Associates Ltd

Website

https://mfca.cm

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

MFCA & Associates is an ONECCA-accredited chartered accounting firm in Douala, Cameroon, delivering audit, tax, advisory, legal, and training services to financial institutions, energy, agribusiness, and public sector clients across the OHADA region.

Ownership category

akta.pro rank

Product category

Accounting & Audit Services

NAICS

Offices of Certified Public Accountants (541211), Management Consulting Services (54161)

SIC

Services-Engineering, Accounting, Research, Management (8700), Services-Management Consulting Services (8742)

akta.pro primary industry

Corporate Development & Strategic Partnerships Advisory (JVs, Alliances, Carve-outs) (BPAHAOAG)

akta.pro secondary industry

M&A Advisory (Buy-side/Sell-side) (BPAHADAC)

Keywords

• Audit assurance services
• Tax consulting compliance
• Accounting advisory services
• Business valuation due diligence
• Corporate governance risk

Headquarters

HQ city

Douala

HQ country

Cameroon

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Audit & Assurance Services: Independent, risk-based audit services aligned with ISA and SYSCOHADA standards. Includes statutory audits, external audits for banks and MFIs, internal control reviews, due diligence and forensic audits, and grant/donor audits. Revenue generated through engagement-based professional fees.
2. Tax Consulting & Compliance: Tax advisory and compliance services including corporate tax compliance (DSF), VAT/CIT/withholding tax, tax planning and structuring, DGI dispute resolution, and transfer pricing advisory. Billed as professional service engagements.
3. Advisory & Consultancy Services: Strategic advisory including financial advisory and valuation, risk and corporate governance, business transformation, M&A transaction advisory, and public sector/NGO advisory. Revenue from consulting engagements.
4. Accounting Assistance: Bookkeeping, SYSCOHADA/OHADA compliance, payroll management, financial statement preparation, and management accounts. Professional service fees for ongoing accounting support.
5. Corporate Governance & Risk Management: Implementation of governance frameworks, risk assessments, internal control systems. Engagement-based professional services.
6. Business Valuation & Due Diligence: Business valuations, due diligence reviews, financial modelling, and investment analysis for M&A and transactions.
7. Legal Services: Business incorporation, OHADA compliance, contract review, corporate secretarial services, regulatory filing and compliance.
8. Training & Capacity Building: Customised training programmes including in-house training, public seminars, and online sessions on finance, accounting, tax regulations, and OHADA compliance.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels7 records

Core offering

MFCA & Associates is an ONECCA-accredited chartered accounting firm delivering audit, tax, advisory, accounting, corporate governance, business valuation, legal, and training services across Cameroon and the OHADA region. Services are anchored in OHADA/SYSCOHADA accounting frameworks and delivered through a partner-led engagement model in compliance with ISA, IESBA, and ISQC standards. The firm serves banks, MFIs, energy and agribusiness companies, government bodies, NGOs, and multinationals through engagement-based professional fees.

Product overview

MFCA & Associates is a chartered accounting firm offering a comprehensive suite of professional services organised around 9 core service areas: Accounting Services, Audit & Assurance, Tax Services, Advisory & Consultancy, Corporate Governance & Risk Management, Business Valuation & Due Diligence, Legal Services, Trainings & Capacity Building, and Other Services. These services are delivered as a unified professional services portfolio rather than a software product, with a partner-led approach combining local OHADA expertise with international best practices through MGI Worldwide membership. The firm serves clients across Cameroon and the OHADA/CEMAC region, ranging from startups to large corporations.

Differentiator

Problem solved

Functional benefit

Products and services

• Audit & Assurance Independent, risk-based audit services including statutory audits (SYSCOHADA), external audits for banks and MFIs, internal control reviews, due diligence, forensic audits, and grant/donor audits, compliant with International Standards on Auditing (ISA) and SYSCOHADA. Designed for financial institutions, energy/infrastructure operators, agribusinesses, and donor-funded programmes in Cameroon and the OHADA region.
• Tax & Regulatory Services Comprehensive tax advisory and compliance services including corporate tax compliance (DSF), VAT, CIT, withholding tax, tax planning and structuring, DGI dispute resolution, and transfer pricing advisory within the Cameroonian and CEMAC tax framework.
• Advisory & Consulting Strategic advisory services including financial advisory and valuation, risk and corporate governance, business transformation, M&A transaction advisory, public sector and NGO advisory, performance improvement, and cost optimisation.
• Accounting Services System-driven accounting services including bookkeeping, SYSCOHADA/OHADA compliance, financial statement preparation, payroll management, and management accounts aligned with OHADA and international standards.
• Corporate Governance & Risk Management Corporate governance framework design, risk assessment and management, internal audit support, board advisory services, and compliance monitoring to help organisations navigate uncertainty.
• Business Valuation & Due Diligence Business and asset valuation, M&A due diligence, financial modelling, investment analysis, and transaction advisory services to support informed decision-making in mergers, acquisitions, and investments.
• Legal Services Business legal services including incorporation and registration, OHADA compliance, contract review and drafting, corporate secretarial services, and regulatory filing and compliance support.
• Trainings & Capacity Building Professional development programmes including in-house training, public seminars, and online sessions covering finance, accounting, tax regulations, OHADA/SYSCOHADA compliance, and corporate governance.

Quantifiable outcome

• 150+ successful engagements delivered
• +2 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core and minor.

• MGI WorldwidecoreStrategic or Co-development Partner · 1 March 2023MFCA & Associates is a member of MGI Worldwide - a Top 20 international accounting network bringing together expertise of almost 9,000 professionals in 400+ locations across 100+ countries. Membership enables cross-border advisory capabilities, international referrals, and shared best practices. MFCA has been a member since March 2023 and is listed on the official MGI member directory.
• Forum of FirmscoreStrategic or Co-development Partner · 1 January 2023MFCA is a member of the Forum of Firms - an international network promoting consistent and high-quality standards of financial reporting and auditing practices worldwide. Members confirm policies and methodologies aligned with International Standards on Auditing (ISA), IESBA Code of Ethics, and International Standards on Quality Control (ISQC).
• Pan African Federation of Accountants (PAFA)minorOthers · 1 January 2023Managing Partner Dr. Michael Forzeh Fossung serves as Member of the Accounting, Learning and Development Advisory Committee for PAFA.
• ONECCA (Institute of Chartered Accountants of Cameroon)coreStrategic or Co-development Partner · 1 January 2016MFCA is ONECCA-accredited as a chartered accounting firm. ONECCA Registration: SEC 057. Accreditation guarantees standards recognised by all regulatory authorities in Cameroon.
• CEMAC (Central African Economic and Monetary Community)coreStrategic or Co-development Partner · 1 January 2016MFCA is a CEMAC-registered auditing firm with registration SEC 106. Registration enables the firm to conduct audits for financial institutions under COBAC supervision across the CEMAC region.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Crowe Africa: Top 10 global accounting network with African member firms providing audit, tax, and advisory services. Comparable to MFCA in serving mid-market and enterprise clients in Francophone Africa under OHADA/CEMAC frameworks, with cross-border referral capability through the global network.
• PKF Africa: International accounting network with significant presence across Sub-Saharan Africa. Comparable to MFCA in targeting OHADA-region enterprises and financial institutions for audit, tax, and advisory services, with similar mid-tier positioning.
• BDO Cameroon: Top 5 global accounting network with Francophone Africa coverage. Competes with MFCA in audit and advisory services to mid-market and enterprise clients in Cameroon, leveraging an international network for cross-border referrals similar to MFCA's MGI membership.
• Grant Thornton Cameroon: International mid-tier accounting network operating in Cameroon and across Africa. Direct peer to MFCA in offering audit, tax, and advisory services to mid-market and enterprise clients under OHADA/SYSCOHADA frameworks, with similar network-driven cross-border capability.
• Baker Tilly Cameroon: International mid-tier accounting network with Africa presence, providing audit, tax, and advisory services. Most directly comparable to MFCA's positioning as a mid-tier internationally-networked firm targeting OHADA-region enterprises and financial institutions.
• Mazars Cameroon: International mid-tier audit and advisory network with established presence across Francophone Africa. Comparable to MFCA in serving financial institutions, energy, and public sector clients under OHADA frameworks, with strong OHADA/CEMAC regulatory expertise.

Broad incumbents

• PwC Cameroon: Big 4 affiliate providing audit and advisory services in Cameroon. Comparable to MFCA in serving regulated financial institutions and multinational corporates under CEMAC/OHADA frameworks, with a globally-recognised brand that often wins largest-mandate tenders.
• Deloitte Cameroon: Big 4 affiliate operating in Douala/Yaoundé, providing audit, tax, advisory, and consulting services to enterprise and financial institution clients in Cameroon. Competes with MFCA for marquee clients (DHL, NFC Bank-equivalent banks, large corporates) but at the very top end of the market with significantly larger resources and global brand.
• Ernst & Young (EY) Cameroon: Big 4 affiliate serving Cameroon's financial services, energy, and large enterprise clients. Competes head-to-head with MFCA for COBAC-regulated audits and large corporate advisory mandates, with the advantage of integrated cross-border service delivery.
• KPMG Cameroon: Big 4 affiliate providing audit, tax, and advisory services across financial services, energy, and public sector in Cameroon. Directly comparable to MFCA in client segments (banks, energy, agribusiness) but operating with global methodologies and far larger engagement capacity.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/mfcaassociates
• Instagraminstagram.com/mfca_and_associates

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MFCA & Associates