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 t ...

statute A statute is a law or formal written enactment of a legislature. Statutes typically declare, command or prohibit something. Statutes are distinguished from court law and unwritten law (also known as common law) in that they are the expressed wil ...

in a country or

jurisdiction Jurisdiction (from Latin 'law' and 'speech' or 'declaration') is the legal term for the legal authority granted to a legal entity to enact justice. In federations like the United States, the concept of jurisdiction applies at multiple level ...

. *International **The

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). ...

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 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 ...

(with its International Public Sector Accounting Standards Board - IPSASB) issues IPSAS for Government/

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

accounting. **The

IFRS Foundation The International Financial Reporting Standards Foundation or IFRS Foundation (sometimes IFRSF) is a nonprofit organization that sets corporate reporting standards for the capital markets globally. Its main objectives include the development and ...

Albania Albania ( ; or ), officially the Republic of Albania (), is a country in Southeast Europe. It is located in the Balkans, on the Adriatic Sea, Adriatic and Ionian Seas within the Mediterranean Sea, and shares land borders with Montenegro to ...

** Albanian National Accounting Council *

Australia Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller isl ...

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

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

Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...

** 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 lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

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

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

** National Advisory Committee on Accounting Standards ( NACAS) with the aide and advice of

Institute of Chartered Accountants of India The Institute of Chartered Accountants of India, Abbreviation, abbreviated as ICAI, is India's largest professional accounting body under the administrative control of Ministry of Corporate Affairs, Government of India. It was established on ...

and

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

Iran Iran, officially the Islamic Republic of Iran (IRI) and also known as Persia, is a country in West Asia. It borders Iraq to the west, Turkey, Azerbaijan, and Armenia to the northwest, the Caspian Sea to the north, Turkmenistan to the nort ...

**Accounting Standards Board *

Malaysia Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and thre ...

** Malaysian Accounting Standards Board *

Malta Malta, officially the Republic of Malta, is an island country in Southern Europe located in the Mediterranean Sea, between Sicily and North Africa. It consists of an archipelago south of Italy, east of Tunisia, and north of Libya. The two ...

** Maltese Accountancy Board *

New Zealand New Zealand () is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and List of islands of New Zealand, over 600 smaller islands. It is the List of isla ...

** Accounting Standards Review Board *

Nigeria Nigeria, officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea in the Atlantic Ocean to the south. It covers an area of . With Demographics of Nigeria, ...

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

Pakistan Pakistan, officially the Islamic Republic of Pakistan, is a country in South Asia. It is the List of countries and dependencies by population, fifth-most populous country, with a population of over 241.5 million, having the Islam by country# ...

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

Philippines The Philippines, officially the Republic of the Philippines, is an Archipelagic state, archipelagic country in Southeast Asia. Located in the western Pacific Ocean, it consists of List of islands of the Philippines, 7,641 islands, with a tot ...

**Financial Reporting Standards Council (FRSC) *

Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries ...

** 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. Its Provinces of South Africa, nine provinces are bounded to the south by of coastline that stretches along the Atlantic O ...

South African Institute of Chartered Accountants The South African Institute of Chartered Accountants (SAICA), South Africa’s pre-eminent body for accountants. The institute provides a wide range of support services to more than 48,000 members and associates who are chartered accountants (C ...

(SAICA) **

South African Institute of Professional Accountants The South African Institute of Professional Accountants (SAIPA) is a professional association of accountants based in South Africa. , the institute claims to have more than 10,000 members. SAIPA represents qualified Professional Accountants (SA) ...

(SAIPA)
Chartered Institute for Business Accountants
(CIBA) *

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

and

Ireland Ireland (, ; ; Ulster Scots dialect, Ulster-Scots: ) is an island in the North Atlantic Ocean, in Northwestern Europe. Geopolitically, the island is divided between the Republic of Ireland (officially Names of the Irish state, named Irelan ...

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

** National Association of State Boards of Accountancy (NASBA) **

Financial Accounting Standards Board The Financial Accounting Standards Board (FASB) is a private standard-setting body whose primary purpose is to establish and improve Generally Accepted Accounting Principles (GAAP) within the United States in the public's interest. The Secur ...

(FASB) **AICPA Accounting Principles Board (APB) **

Governmental Accounting Standards Board The Governmental Accounting Standards Board (GASB) is the source of generally accepted accounting principles (GAAP) used by state and local governments in the United States. As with most of the entities involved in creating GAAP in the United Sta ...

(GASB) **

Federal Accounting Standards Advisory Board The Federal Accounting Standards Advisory Board (FASAB) is a United States federal advisory committee whose mission is to improve federal financial reporting through issuing federal financial accounting standards and providing guidance after co ...

(FASAB)

Professional bodies

Professional bodies represent the interests of their members by

lobbying Lobbying is a form of advocacy, which lawfully attempts to directly influence legislators or government officials, such as regulatory agency, regulatory agencies or judiciary. Lobbying involves direct, face-to-face contact and is carried out by va ...

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 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) *

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 ...

(AICPA) * Association of Accountancy Bodies in West Africa (ABWA) *

Association of Accounting Technicians The Association of Accounting Technicians (AAT) is a UK-headquartered, global professional body for accounting technicians and bookkeepers, as well as a major provider of finance and accounting qualifications in the UK. In 2023, AAT confirme ...

(AAT)
Institute of Chartered Accountants Ghana (ICAG)
* Institute of Certified Public Accountants of Kenya *

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 ...

(AIA) *

Association of National Accountants of Nigeria The Association of National Accountants of Nigeria (ANAN) is one of the two professional accountancy associations with regulatory authority in Nigeria, the other being the Institute of Chartered Accountants of Nigeria (ICAN). A consultant offer ...

(ANAN) *Botswana Institute of Chartered Accountants (BICA) *

Chartered Accountants Australia and New Zealand Chartered Accountants Australia and New Zealand (CA ANZ) is a professional accounting body, with over 138,204 members in Australia, New Zealand and overseas. CA ANZ focuses on the education and lifelong learning of members, and engage in advocac ...

(CAANZ) *

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

(CIMA) *

Chartered Institute of Public Finance and Accountancy The Chartered Institute of Public Finance and Accountancy (CIPFA) is a UK based organisation for accountants who work in the public sector, accounting firms and other professional bodies where management of public funds are required. CIPFA is the ...

(CIPFA) *

Chartered Professional Accountant Chartered Professional Accountant (CPA; ) is the professional certification, professional designation which united the three Canadian accounting designations that previously existed: :* Canadian Institute of Chartered Accountants, Chartered Acc ...

s Canada] (CPA Canada) *

CPA Australia CPA Australia ("Certified Practising Accountant") is a professional accounting body in Australia, originally founded as the "Incorporated Institute of Accountants" in 1886. As of 31 December 2020, it has 168,736 members in 150 countries and regio ...

* Florida Institute of CPAs *

Hong Kong Institute of Certified Public Accountants The Hong Kong Institute of Certified Public Accountants (HKICPA, ) is the professional accounting body of Hong Kong. It is overseen by the Accounting and Financial Reporting Council. Responsibilities *Registering accountants and issuing pract ...

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 December 2024, it has over 210,000 memb ...

(ICAEW) * Institute of Certified Public Accountants in Ireland (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 C ...

(CAI) *

(ICMAI) *

(ICAI) *

Institute of Chartered Accountants of Nepal The Institute of Chartered Accountants of Nepal (ICAN) is the national professional accounting body in Nepal, responsible for regulating and promoting the accounting profession in the country. Established in 1997 under the Nepal Chartered Accounta ...

(ICAN) *

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 A ...

(ICAN) * Institute of Chartered Accountants of Pakistan (ICAP) *

Institute of Cost and Management Accountants of Pakistan An institute is an organizational body created for a certain purpose. They are often research organisations (research institutes) created to do research on specific topics, or can also be a professional body. In some countries, institutes c ...

(ICMAP) *

Institute of Chartered Accountants of Bangladesh The Institute of Chartered Accountants of Bangladesh (ICAB) is the national professional accountancy body and research institute in Bangladesh. It is the sole organisation in Bangladesh with the right to award the Associate Chartered Accountant de ...

(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).{{Citation needed, date=November 2023 ICAS act as a voice of the professional business community. Although other Brit ...

(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 ...

(ICASL) * Institute of Chartered Accountants of Zimbabwe (ICAZ) *

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

(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 association, professional bodies for accountants in Australia. The IPA represents more than 25,000 voting members working in industry, commerce, gove ...

(IPA) * Institute of Singapore Chartered Accountants (ISCA) * Malaysian Institute of Accountants * Ordre des Experts Comptables de Tunisie * Philippine Institute of Certified Public Accountants *

(SAICA) *

(SAIPA)
Chartered Institute for Business Accountants
(CIBA) * United Arab Emirates Chartered Accountants (UAECA) * The Institute of Certified Public Accountants of Indonesia (IAPI)

Oversight boards

Following the

Enron scandal The Enron scandal was an accounting scandal sparked by American energy company Enron, Enron Corporation filing for bankruptcy after news of widespread internal fraud became public in October 2001, which led to the dissolution of its accounting ...

some countries removed or limited auditors' rights to

self-regulation Self-regulation may refer to: *Emotional self-regulation *Self-control, in sociology/psychology *Self-regulated learning, in educational psychology *Self-regulation theory (SRT), a system of conscious personal management *Industry 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 *

** 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 US-listed public companies. The PCAOB also oversees the audits of broker-dealers, including co ...

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, International Standards on Quality Management, and other services, to support the ...

(IAASB) govern

audit 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 al ...

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 content rating, ...

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 al ...

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 th ...

for

Government auditing A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a mea ...

Supreme Audit Institution A supreme audit institution is an independent national-level institution which conducts audits of government activities. Most supreme audit institutions are established in their country's constitution, and their mandate is further refined in natio ...

s (SAI) *

** AUASB -

Auditing 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 al ...

& Assurance Standards Board *

** Canadian Auditing and Assurance Standards Board *France **Compagnie nationale des commissaires aux comptes (CNCC) **

Ordre des Experts-Comptables A suite, in Western classical music, is an ordered set of instrumental or orchestral/concert band pieces. It originated in the late 14th century as a pairing of dance tunes; and grew in scope so that by the early 17th century it comprised up to f ...

(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)., 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 ...

National accounting standard setting board. NACAS. *

** Malaysian Institute of Accountants *

Nepal Nepal, officially the Federal Democratic Republic of Nepal, is a landlocked country in South Asia. It is mainly situated in the Himalayas, but also includes parts of the Indo-Gangetic Plain. It borders the Tibet Autonomous Region of China Ch ...

**Auditing and Assurance Standards Council (AASC) *

** Public Accountants and Auditors Board *

and

Auditing Practices 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 ...

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 ( ...

- general **

Government Accountability Office The United States Government Accountability Office (GAO) is an independent, nonpartisan government agency within the legislative branch that provides auditing, evaluative, and investigative services for the United States Congress. It is the s ...

- recipients of federal grants and government organizations **

Institute of Internal Auditors The Institute of Internal Auditors (The IIA) is an international professional association. The IIA offers professional certifications and provides standards for the internal audit profession. History The IIA was established in November 1941. ...

(IIA) (Unregulated

Guidelines) **

Information Systems Audit and Control Association ISACA is an international professional association focused on IT (information technology) governance. On its IRS filings, it is known as the Information Systems Audit and Control Association, although ISACA now goes by its acronym only.

(ISACA) (Unregulated

Information System An information system (IS) is a formal, sociotechnical, organizational system designed to collect, process, Information Processing and Management, store, and information distribution, distribute information. From a sociotechnical perspective, info ...

Guidelines)

References

{{Reflist *

Accounting standard-setting bodies

Professional bodies

Oversight boards

Auditing standards-setting bodies

See also

References