The document provides information about various professional accounting bodies around the world, including:
- CPA Australia, the Institute of Chartered Accountants of Australia, and the National Institute of Accountants, which are the three main professional accounting bodies in Australia.
- The Institute of Chartered Accountants of Pakistan (ICAP), the main professional accounting body in Pakistan, established in 1961 to regulate the accounting profession.
- Several professional accounting organizations in the United States, United Kingdom, Hong Kong, and Scotland are also mentioned.
3. Sr.No.AssignmentPg.NoProfessional Accounting Bodies in Australia.CPA AustraliaInstitute of Chartered Accountants of Australia(ICAA)National Institute of Accountants(NIA)3-173-78-1213-17Professional Accounting Bodies in Pakistan.Institute of Chartered Accountants of Pakistan(ICAP).Institute of Cost and Management Accountants of Pakistan(ICMAP).Pakistan Institute of Public Finance Accountants. (PIPFA)18-3118-2425-2829-31Professional Accounting Bodies in United States of America.Association of Government Accountants (AGA).National Association of State Boards of Accountancy (NASBA).American Institute of Certified Public Accountants(AICPA).32-4132-3435-3637-41Professional Accounting Bodies in United Kingdom.Chartered Institute of Public Finance and Accountancy(CIPFA)Chartered Institute of Management Accountants(CIMA)Institute of Chartered Accountants in England & Wales (ICAEW)42-5442-4546-4950-54Professional Accounting Bodies in Hong Kong Hong Kong Institute of Certified Public Accountants (HKICPA)55-58Professional Accounting Body in ScotlandInstitute of Chartered Accountants of Scotland(ICAS)59-61
30. Completion of the NIA Professional Education Program Stage 1&2. This leads to a Master of Commerce (Professional Accounting) from the University of New England plus
31. NIA Mentored Experienced Program. This constitutes 3 years structured experience in accounting, under the supervision of an accountant qualified at PNA level or equivalent.
46. 1882-1913- Then the Companies Act of 1882 was passed. Regulations 83-94 of Table A contained in the First Schedule provided for the audit of accounts of the companies adopting that table and for the appointment, remuneration and duties of the auditors. In those times, it was not necessary for an auditor to be a qualified accountant. Companies used to employ lawyers as their auditors.
105. The Association of Government Accountants (AGA) was founded on September 14, 1950. AGA serves Federal, State and local government accounting professionals by providing education, encouraging professional development, providing Government Accounting certification, and supporting standards and research to advance government accountability.
106. The Certified Government Financial Manager (CGFM) certification, created in 1994, is a professional post-nominal title and a standard by which government financial management professionals are measured. Its education, experience and ethics requirements have served to elevate the most seasoned financial professionals. More than 14,000 individuals have received the designation.
110. AGA serves government accountability professionals by providing quality education, fostering professional development and certification, and supporting standards and research to advance government accountability.
111. It is a leading professional organization promoting accountability in government and has over 15,000 members. Its annual Professional Development Conference is attended by upwards of 2,000 professionals each year. It has a unique role in government accountability with membership from state, local and federal government entities.
113. The Association of Government Accountants (AGA) was founded on September 14, 1950 as the Federal Government Accountants Association (FGAA) a group of federal accountants, led by Robert W. King. AGA has a long history of being the thought leader for the government accountability profession. Through education, research, publications, certification and conferences, AGA reaches thousands of professionals and provides more than 100,000 continuing professional education (CPE) hours annually. The association supports the careers and professional development of government finance professionals working in federal, state and local governments as well as the private sector and academia.
114. AGA has played an instrumental role in developing accounting and auditing standards and in generating new concepts for the effective organization and administration of financial management functions, including the passage of the Inspector General Act of 1978 and the Chief Financial Officer's Act of 1990. AGA conducts independent research and analysis of all aspects of government financial management.
116. Since its inception in 1994, the Certified Government Financial Manager (CGFM) has become the standard by which government financial management professionals are measured. Its education, experience and ethics requirements have served to elevate the most seasoned financial professionals.
117. Today more than 14,000 individuals have received the designation. The CGFM is the first certification broad enough to cover the whole field of government financial management—federal, state and local. It measures a wide range of knowledge and skills that a professional needs to succeed in the federal government financial environment, or to meet the unique challenges faced by state and local government financial managers
121. NASBA maintains the National Candidate Database and matches score data received from AICPA with candidate details. NASBA also maintains records for those who have passed the exam in the past.
172. Hong Kong Institute of Certified Public AccountantsICAS members may admit to full memberships of the above institutions after passing an aptitude test or subject to other specific requirements. Members of equivalent bodies in other European Economic Area member states and Switzerland may also be admitted to membership after passing an aptitude test, provided they are a citizen of an EEA state or Switzerland. A mutual recognition arrangement between the Institute and the Chartered Institute of Public Finance and Accountancy (CIPFA) was put in place in 1996. However this was terminated by ICAS in 2005. Role of ICAS- Under the Royal Charter, ICAS works in the public interest. The objective of ICAS is to uphold the integrity and standing of the profession of chartered accountancy in the interests of society and the membership, through excellence in education and the development of accountancy and through service to members and the enforcement of professional standards. ICAS is a Designated Professional Body under the Financial Services and Markets Act, licensing firms of CAs to conduct a range of incidental investment business activities. It is a Recognised Professional Body under the Insolvency Act to issue permits to individual CAs to conduct insolvency appointments. ICAS is also a Recognised Qualifying Body and Recognised Supervisory Body in relation to company auditing under the Companies Act 1989. ICAS is able to authorise members to conduct audit, insolvency and investment business work in the United Kingdom, Republic of Ireland and Luxembourg. This right is held in common with ACCA, ICAEW and the ICAI.