The Hong Kong Institute of Certified Public Accountants (HKICPA, ) is the

professional accounting body A professional accounting body is an organization or association of accountants in a particular jurisdiction. Usually a person needs to be a member of such professional body to hold out to the public of the jurisdiction as an accountant. The de ...

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a List of cities in China, city and Special administrative regions of China, special ...

. Its main responsibilities are: *Registering accountants and issuing practising certificates. *Regulating the professional conduct and standards of members. *Setting codes of ethics and standards of accounting and auditing. *Regulating the quality of entry to the profession through its qualification programme and related courses. *Providing continuing education and other services to members. *Promoting the accountancy profession both in Hong Kong and overseas.

Recognition with other institutions

Association of Chartered Certified Accountants (ACCA)

Prior to 2002, Hong Kong accountants were allowed to obtain full memberships from both

Association of Chartered Certified Accountants Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA). It has 240,952 members and 541,930 future members worldwi ...

(ACCA) and HKICPA under a joint examination scheme between the two institutions. A

mutual recognition agreement Mutual recognition occurs when two or more countries or other institutions recognize one another's decisions or policies, for example in the field of conformity assessment, professional qualifications or in relation to criminal matters. A mutua ...

was then announced between the two institutions; this has been renewed from 2010 until 2015.Agreement for Recognition Arrangements between ACCA and HKICPA
ACCA, 2010

Institutes of Chartered Accountants

HKICPA has ''Mutual Recognition Agreements'' with the major Chartered Accountant bodies worldwide: * American Institute of Certified Public Accountants since October 2011 *

Institute of Chartered Accountants in England and Wales The Institute of Chartered Accountants in England and Wales (ICAEW) is a professional membership organisation that promotes, develops and supports chartered accountants and students around the world. As of July 2022, it has over 198,000 members ...

* Institute of Chartered Accountants of Scotland *

Institute of Chartered Accountants in Ireland Chartered Accountants Ireland was established by Royal Charter on 14 May 1888, and is Ireland's largest accountancy body. According to its website, it represents over 30,000 members globally. Chartered Accountants Ireland is part of the Con ...

* Institute of Chartered Accountants of Australia * Chartered Professional Accountants Canada * New Zealand Institute of Chartered Accountants *

South African Institute of Chartered Accountants The South African Institute of Chartered Accountants (SAICA), South Africa’s pre-eminent accountancy body, is widely recognised as one of the world’s leading accounting institutes. The institute provides a wide range of support services to m ...

* Institute of Chartered Accountants of Zimbabwe These agreements, in general, only apply to relatively recent HKICPA members who qualified through the ''Qualification Programme''.

Other overseas bodies or British qualified accountants

HKICPA also has recognition arrangements in place with: * Association of International Accountants * Chartered Institute of Management Accountants * CPA Australia

Status

Incorporated by the Professional Accountants Ordinance (Chapter 50 of the Laws of Hong Kong) on 1 January 1973, the Hong Kong Institute of Certified Public Accountants (the Institute) is the only statutory licensing body of accountants in Hong Kong responsible for regulation of the

accountancy Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "langua ...

profession. There is an associate organisation called the HKAAT.

International links

The Institute is a member body of the following international or regional organisations: *

Asia Oceania Tax Consultants' Association Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...

Confederation of Asian and Pacific Accountants The Confederation of Asian and Pacific Accountants (CAPA) is a regional organization representing 33 national professional accountancy organizations (PAOs) operating in Asia and the Pacific. These PAOs, referred to as CAPA’s members, represent ...

Global Accounting Alliance The Global Accounting Alliance (GAA) is an international coalition of accounting organisations that was formed in 2006. The GAA aims to promote standards of quality professional services, support their members, and share information and collabora ...

International Accounting Standards Board The International Accounting Standards Board (IASB) is the independent accounting standard-setting body of the IFRS Foundation. The IASB was founded on April 1, 2001, as the successor to the International Accounting Standards Committee (IASC). It ...

International Federation of Accountants The International Federation of Accountants (IFAC) is the global advocacy organization for the accountancy profession; mainly for the financial accounting and auditing professions. Founded in 1977, IFAC has more than 175 members and associates i ...

* International Federation of Insolvency Practitioners

References

External links

Official Website
{{DEFAULTSORT:Hong Kong Institute Of Certified Public Accountants Accounting in Hong Kong Professional associations based in Hong Kong Organizations established in 1973 Member bodies of the International Federation of Accountants Statutory bodies in Hong Kong