This is a list of the various professional bodies and organisations that seek to provide regulation and oversight over individuals and firms operating in the accountancy industry.

Accounting standard-setting bodies

Accounting standard setting bodies are national or international organisations that have been delegated responsibility for setting

Generally Accepted Accounting Principles Publicly traded companies typically are subject to rigorous standards. Small and midsized businesses often follow more simplified standards, plus any specific disclosures required by their specific lenders and shareholders. Some firms operate on th ...

by statute in a country or

jurisdiction Jurisdiction (from Latin 'law' + 'declaration') is the legal term for the legal authority granted to a legal entity to enact justice. In federations like the United States, areas of jurisdiction apply to local, state, and federal levels. J ...

. *International **The International Accounting Standards Board issues

IFRS International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). They constitute a standardised way of describing the company's fina ...

**The

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 ...

(with its International Public Sector Accounting Standards Board - IPSASB) issues

IPSAS International Public Sector Accounting Standards (IPSAS) are a set of accounting standards issued by the IPSAS Board for use by public sector entities around the world in the preparation of financial statements. These standards are based on Interna ...

for Government/

Public entities A statutory corporation is a government entity created as a statutory body by statute. Their precise nature varies by jurisdiction, thus, they are statutes owned by a government or controlled by national or sub-national government to the (in so ...

accounting. **The IFRS Foundation *

Albania Albania ( ; sq, Shqipëri or ), or , also or . officially the Republic of Albania ( sq, Republika e Shqipërisë), is a country in Southeastern Europe. It is located on the Adriatic and Ionian Seas within the Mediterranean Sea and shares ...

** Albanian National Accounting Council * Australia **

Australian Accounting Standards Board The Australian Accounting Standards Board (AASB) is an Australian Government agency that develops and maintains financial reporting standards applicable to entities in the private and public sectors of the Australian economy. Also, the AASB con ...

*Bhutan ** Accounting and Auditing Standard Board of Bhutan * Botswana ** Botswana Institute of Chartered Accountants *

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

** CICA's

Accounting Standards Board The Financial Reporting Council (FRC) is an independent regulator in the UK and Ireland based in London Wall in the City of London, responsible for regulating auditors, accountants and actuaries, and setting the UK's Corporate Governance and ...

"AcSB" *France ** Autorité des Normes Comptables (ANC) (formerly the ''Conseil National de la Comptabilité'') *

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

**Accounting Standards Committee of Germany (ASCG, in German: DRSC) *

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

National Advisory Committee on Accounting Standards National Advisory Committee on Accounting Standards (NACAS) is a body set up under section 210A of the Companies Act, 1956 by the Government of India. It advises the Central Government on the formulation and laying down of accounting policy and acc ...

( NACAS) with the aide and advice of Institute of Chartered Accountants of India and

Institute of Cost Accountants of India The Institute of Cost and Management Accountants of India (ICMAI), which was also known as The Institute of Cost & Works Accountants of India (ICWAI) is a professional accountancy body in India. It is under the ownership of Ministry of Corpo ...

Getting replaced soon by NFRA in the Company Bill 2012. *

Iran Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmeni ...

**Accounting Standards Board *

Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...

** Malaysian Accounting Standards Board *

Malta Malta ( , , ), officially the Republic of Malta ( mt, Repubblika ta' Malta ), is an island country in the Mediterranean Sea. It consists of an archipelago, between Italy and Libya, and is often considered a part of Southern Europe. It lies ...

** Maltese Accountancy Board *

New Zealand New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island count ...

Accounting Standards Review Board Accounting Standards Review Board (ASRB) is a body set up to review and approve financial reporting standards in New Zealand New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main ...

Nigeria Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf o ...

** Institution of Chartered Accountants of Nigeria (ICAN) ** Association of National Accountants of Nigeria (ANAN) *

Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's fifth-most populous country, with a population of almost 243 million people, and has the world's second-lar ...

** The Institute of Certified General Accountants (CGA-Pakistan) *

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

**Financial Reporting Standards Council (FRSC) *

Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the A ...

** Saudi Organization for Certified Public Accountants (SOCPA) *

South Africa South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. It is bounded to the south by of coastline that stretch along the Atlantic Ocean, South Atlantic and Indian Oceans; to the ...

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 ...

(SAICA) ** South African Institute of Professional Accountants (SAIPA) *

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...

and

Ireland Ireland ( ; ga, Éire ; Ulster Scots dialect, Ulster-Scots: ) is an island in the Atlantic Ocean, North Atlantic Ocean, in Northwestern Europe, north-western Europe. It is separated from Great Britain to its east by the North Channel (Grea ...

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

** National Association of State Boards of Accountancy (NASBA) ** Financial Accounting Standards Board (FASB) **AICPA Accounting Principles Board (APB) ** Governmental Accounting Standards Board (GASB) ** Federal Accounting Standards Advisory Board (FASAB)

Professional bodies

Professional bodies represent the interests of their members by

lobbying In politics, lobbying, persuasion or interest representation is the act of lawfully attempting to influence the actions, policies, or decisions of government officials, most often legislators or members of regulatory agencies. Lobbying, which ...

governments, and provide the framework for self-regulation where this is permitted by statute. Professional bodies are also responsible for administering training and examinations for students and members. The primary bodies in each country are affiliated to the

while a few do not belong to IFAC as they operate more like specialist bodies helping the work of accountants and auditors such as the field of taxation, forensic auditing and systems auditing. These bodies include:
The Association of Certified Public Accountants
(ICPAGLOBAL)
The Institute of Certified Public Accountants
(CPA India)
Institute of Chartered Tax Practitioners India
(ICTPI) * Association of Chartered Certified Accountants (ACCA) * American Institute of Certified Public Accountants (AICPA) * Association of Accountancy Bodies in West Africa (ABWA) * Association of Accounting Technicians (AAT)
Institute of Chartered Accountants Ghana (ICAG)
*

Institute of Certified Public Accountants of Kenya The Institute of Certified Public Accountants of Kenya (ICPAK) is a professional body for certified public accountants (CPAs) in Kenya. ICPAK is a full member of the International Federation of Accountants and the Pan African Federation of Accou ...

Association of International Accountants The Association of International Accountants (AIA) is a professional accountancy body. It was founded in the UK in 1928 and since that date has promoted the concept of ‘international accounting’ to create a global network of accountants in ov ...

(AIA) * Association of National Accountants of Nigeria (ANAN) *Botswana Institute of Chartered Accountants (BICA) *

Chartered Accountants Australia and New Zealand Chartered Accountants Australia and New Zealand (CA ANZ) represents 131,673 members in Australia, New Zealand and overseas. CA ANZ focuses on the education and lifelong learning of members, and engage in advocacy and thought leadership in areas o ...

(CAANZ) *

Chartered Institute of Management Accountants The Chartered Institute of Management Accountants (CIMA) is the global professional management accounting body based out of the UK. CIMA offers training and qualification in management accountancy and related subjects. It is focused on accountan ...

(CIMA) *

Chartered Institute of Public Finance and Accountancy The Chartered Institute of Public Finance and Accountancy (CIPFA) is a professional institute for accountants working in the public services, national audit agencies, in major accountancy firms, and in other bodies where public money needs to be m ...

(CIPFA) *

Chartered Professional Accountant Chartered Professional Accountant (CPA; french: comptable professionnel agréé) is the professional designation which united the three Canadian accounting designations that previously existed: :* Chartered Accountant ( CA), :* Certified Gen ...

s Canada] (CPA Canada) *

CPA Australia CPA Australia ("Certified Practising Accountant") is a professional accounting body in Australia founded in 1886. As of 31 December 2020, it has 168,736 members working in 150 countries and regions around the world. CPA Australia currently has 1 ...

Florida Institute of CPAs The Florida Institute of Certified Public Accountants (FICPA) is a professional membership organization headquartered in Tallahassee. The FICPA represents approximately 18,500 CPAs and accounting professionals in Florida and beyond. Deborah Curry ...

Hong Kong Institute of Certified Public Accountants The Hong Kong Institute of Certified Public Accountants (HKICPA, ) is the professional accounting body of Hong Kong. Its main responsibilities are: *Registering accountants and issuing practising certificates. *Regulating the professional cond ...

* Institute of Chartered Accountants in England and Wales (ICAEW) *

Institute of Certified Public Accountants in Ireland CPA Ireland, formerly the Institute of Certified Public Accountants in Ireland, is one of the main Irish accountancy bodies, with 5,000 members and students. The CPA designation is the most commonly used designation worldwide for professional ...

(CPA) *

Chartered Accountants 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 ...

(CAI) *

(ICMAI) * Institute of Chartered Accountants of India (ICAI) *

Institute of Cost and Management Accountants of Bangladesh The Institute of Cost and Management Accountants of Bangladesh (ICMAB) is an institution dedicated to Cost and Management Accounting education and research in Bangladesh. It is managed as an autonomous professional body under the Ministry of Co ...

(ICMAB) *

Institute of Chartered Accountants of Nigeria The Institute of Chartered Accountants of Nigeria (ICAN) is a professional accountancy body in Nigeria. It is one of the two professional accountancy associations with regulatory authority in Nigeria, the other being the Association of National ...

(ICAN) *

Institute of Chartered Accountants of Pakistan The Institute of Chartered Accountants of Pakistan ( ur, , ICAP) is a professional accountancy body in Pakistan. As of 2022, it has over 8,000 members working in and outside Pakistan. The institute was established on July 1, 1961 to regulate th ...

(ICAP) *

Institute of Cost and Management Accountants of Pakistan The ''Institute of Cost and Management Accountants of Pakistan'' (ICMAP) is a professional accounting body offering qualification and training in management accountancy. The Institute of Cost and Management Accountants of Pakistan was established ...

(ICMAP) * Institute of Chartered Accountants of Bangladesh (ICAB) *

Institute of Chartered Accountants of Scotland The Institute of Chartered Accountants of Scotland (ICAS) is the world's first professional body of Chartered Accountants (CAs). It is a regulator, educator, influencer and thought leader. ICAS act as a thought leader and voice of the professiona ...

(ICAS) *

Institute of Chartered Accountants of Sri Lanka The Institute of Chartered Accountants of Sri Lanka (''CA Sri Lanka'') is a professional accountancy body in Sri Lanka. The Institute was established by Act of Parliament, No. 23 of 1959 as the sole organisation in Sri Lanka with the right to aw ...

(ICASL) *

Institute of Chartered Accountants of Zimbabwe The Institute of Chartered Accountants of Zimbabwe (ICAZ) is a professional accountancy body in Zimbabwe. It is the sole organization in Zimbabwe with the right to award the Chartered Accountant designation. ICAZ is a member of the Internationa ...

(ICAZ) *

Institute of Financial Accountants The Institute of Financial Accountants (IFA) is a professional accountacy body representing and providing certification for financial accountants in the United Kingdom. The IFA is a full member of the International Federation of Accountants. H ...

(IFA) *

Institute of Management Accountants The Institute of Management Accountants (IMA), formerly known as the National Association of Cost Accountants (NACA), is a professional organization of accountants. History IMA was founded in 1919 in Buffalo, New York as the National Associ ...

(IMA) *

Institute of Public Accountants The Institute of Public Accountants (IPA) is one of the three legally recognised professional bodies for accountants in Australia. The IPA represents more than 40,000 members and students working in industry, commerce, government, academia and p ...

(IPA) * Institute of Singapore Chartered Accountants (ISCA) *

Malaysian Institute of Accountants Malaysian Institute of Accountants (MIA) is the umbrella body for the accountancy profession in Malaysia. It was established under the Accountants Act, 1967 to regulate and develop the accountancy profession in this country. MIA operates under t ...

* Ordre des Experts Comptables de Tunisie *

Philippine Institute of Certified Public Accountants The Philippine Institute of Certified Public Accountants (PICPA) is the national professional accountancy body of the Philippines. Explorers with an accounting background first formed the PICPA in November 1929. The PICPA focuses on four areas ...

(SAICA) * South African Institute of Professional Accountants (SAIPA) * United Arab Emirates Chartered Accountants (UAECA) * The Institute of Certified Public Accountants of Indonesia (IAPI)

Oversight boards

Following the Enron scandal some countries removed or limited auditors' rights to self-regulation and set up independent, not-for-profit organisations to regulate the conduct of auditors. (In the EU it is compulsory to have a dedicated supervisory authority, cf. 8th European Directive). *International **The

Public Interest Oversight Board The Public Interest Oversight Board (PIOB) is an international body that oversees the International Federation of Accountants (IFAC) and seeks to improve the quality and public interest focus of the IFAC standards in the areas of audit, education, ...

provides oversight of the standards-setting bodies within the

*France ** Haut Conseil du Commissariat aux Comptes (HCCC) *

**German Auditor Oversight Commission (in German: APAK) *

Irish Auditing and Accounting Supervisory Authority Irish may refer to: Common meanings * Someone or something of, from, or related to: ** Ireland, an island situated off the north-western coast of continental Europe ***Éire, Irish language name for the isle ** Northern Ireland, a constituent unit ...

** Professional Oversight Team (Financial Reporting Council) *

Public Company Accounting Oversight Board The Public Company Accounting Oversight Board (PCAOB) is a nonprofit corporation created by the Sarbanes–Oxley Act of 2002 to oversee the audits of public companies and other issuers in order to protect the interests of investors and further t ...

Auditing standards-setting bodies

Pronouncements by the

International Auditing and Assurance Standards Board The International Auditing and Assurance Standards Board (IAASB) is an independent standards body that issues standards, like the International Standards on Auditing, quality control guidelines, and other services, to support the international aud ...

(IAASB) govern audit,

review A review is an evaluation of a publication, product, service, or company or a critical take on current affairs in literature, politics or culture. In addition to a critical evaluation, the review's author may assign the work a rating to indi ...

and other

assurance services Assurance service is an independent professional service, typically provided by Chartered or Certified Public Accountants or Chartered Certified Accountants, with the goal of improving information or the context of information so that decision ...

conducted in accordance with international standards. Most countries that have adopted the

International Standards on Auditing International Standards on Auditing (ISA) are professional standards for the auditing of financial information. These standards are issued by the International Auditing and Assurance Standards Board (IAASB). According to Olung M (CAO - L), ISA g ...

(ISAs) still retain the national

auditing standards An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing ...

setting body to enact the international standards in their country. *International **

(IAASB) of the

(IFAC). **Forensic Auditors Certification Board (FACB) **

INTOSAI The International Organization of Supreme Audit Institutions (INTOSAI) is an intergovernmental organization whose members are supreme audit institutions. Nearly every supreme audit institution in the world is a member of INTOSAI. Depending on t ...

for Government auditing by Supreme Audit Institutions (SAI) * Australia ** AUASB - Auditing & Assurance Standards Board *

** Canadian Auditing and Assurance Standards Board *France **Compagnie nationale des commissaires aux comptes (CNCC) ** Ordre des Experts-Comptables (OEC) ** Institut Francais des Auditeurs et Controleurs Internes (IFACI) (Unregulated

Internal Auditing Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to ...

Guidelines) *

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 city and special administrative region of China on the eastern Pearl River Delta i ...

National accounting standard setting board. NACAS. *

Nepal Nepal (; ne, :ne:नेपाल, नेपाल ), formerly the Federal Democratic Republic of Nepal ( ne, सङ्घीय लोकतान्त्रिक गणतन्त्र नेपाल ), is a landlocked country in S ...

Institute of Chartered Accountants of Nepal The Institute of Chartered Accountants of Nepal (ICAN) was established under a special act, The Nepal Chartered Accountants Act, 1997 to enhance social recognition and faith of people at large in the accounting profession by raising public awarene ...

**Auditing and Assurance Standards Council (AASC) *

** Public Accountants and Auditors Board *

and

** Auditing Practices Board *

public companies A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (list ...

** American Institute of Certified Public Accountants - general ** Government Accountability Office - recipients of federal grants and government organizations **

Institute of Internal Auditors The Institute of Internal Auditors (IIA) is an organization which advocates, provides educational conferences, and develops standards, guidance, and certifications for the internal audit profession. History Established in 1941, the IIA today ...

(IIA) (Unregulated

Guidelines) ** Information Systems Audit and Control Association (ISACA) (Unregulated

Information System An information system (IS) is a formal, sociotechnical, organizational system designed to collect, process, store, and distribute information. From a sociotechnical perspective, information systems are composed by four components: task, people ...

Guidelines)

References

{{Reflist *

Accounting standard-setting bodies

Professional bodies

Oversight boards

Auditing standards-setting bodies

See also

References