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 des ...

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

. It is overseen by the

Accounting and Financial Reporting Council The Accounting and Financial Reporting Council (AFRC) of Hong Kong is the statutory body charged with regulating the accounting profession in Hong Kong. It oversees the performance of the Hong Kong Institute of Certified Public Accountants (HKI ...

Responsibilities

*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 The Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (CCA). Founded in 1904, It is now the fourth-largest professional accounting body ...

(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 crime, criminal matters. A m ...

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 The American Institute of Certified Public Accountants (AICPA) is the national professional organization of Certified Public Accountants (CPAs) in the United States, with more than 428,000 members in 130 countries. Founded in 1887 as the Americ ...

since October 2011 *

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* Chartered Professional Accountants Canada *

New Zealand Institute of Chartered Accountants New or NEW may refer to: Music * New, singer of K-pop group The Boyz * ''New'' (album), by Paul McCartney, 2013 ** "New" (Paul McCartney song), 2013 * ''New'' (EP), by Regurgitator, 1995 * "New" (Daya song), 2017 * "New" (No Doubt song), 19 ...

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

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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 process of recording and processing information about economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activities and conveys ...

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 the largest continent in the world by both land area and population. It covers an area of more than 44 million square kilometres, about 30% of Earth's total land area and 8% of Earth's total surface area. The continent, which ...

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). ...

International Federation of Accountants The International Federation of Accountants (IFAC) is the global organization for the accountancy profession. Founded in 1977, IFAC has 180 members and associates in 135 jurisdictions, representing more than 3 million accountants in public prac ...

* 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