List of accountancy bodies explained

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 by statute in a country or jurisdiction.

Getting replaced soon by NFRA in the Company Bill 2012.

Professional bodies

Professional bodies represent the interests of their members by lobbying 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 International Federation of Accountants 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:

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).

Auditing standards-setting bodies

Pronouncements by the International Auditing and Assurance Standards Board (IAASB) govern audit, review and other assurance services conducted in accordance with international standards.[18] Most countries that have adopted the International Standards on Auditing (ISAs) still retain the national auditing standards setting body to enact the international standards in their country.

National accounting standard setting board. NACAS.

See also

Notes and References

  1. Web site: Welcome to the Financial Reporting & Assurance Standards Canada website - Financial Reporting and Assurance Standards Canada. Acsbcanada.org. 20 August 2017.
  2. Web site: MINEFE - Directions et services - le Conseil national de la comptabilité . 2010-04-22 . dead. https://web.archive.org/web/20090504154546/http://www.bercy.gouv.fr/directions_services/CNCompta/ . 2009-05-04 .
  3. Web site: Accueil. Anc.gouv.fr. 20 August 2017.
  4. Web site: DRSC – Deutsches Rechnungslegungs Standards Committee e.V.. DRSC e.V.. 20 August 2017.
  5. Web site: Accounting Standards Board - Welcome . 2010-04-23 . dead. https://web.archive.org/web/20070928020646/http://www.apb.org.uk/asb/ . 2007-09-28 .
  6. http://www.masb.org.my
  7. Web site: Ministry of Finance - Accountancy Board . 2008-05-25 . dead. https://web.archive.org/web/20070722085727/http://www.mfin.gov.mt/page.aspx?site=MFIN&page=ab . 2007-07-22 .
  8. Web site: asrb.co.nz. Asrb.co.nz. 20 August 2017.
  9. Web site: IFRS - Philippines. www.ifrs.org. en. 2018-11-23.
  10. Web site: Professional Regulatory Board of Accountancy - Republic Act 9298 Implementing Rules and Regulations.
  11. Web site: SOCPA . 2008-11-23 . dead. https://archive.today/20120910181628/http://www.socpa.org.sa/engl/ . 2012-09-10 .
  12. Web site: ICPAK Credibility Professionalism AccountAbility. The Institute of Certified Public Accountants of Kenya (ICPAK) . 2022-12-31 . en-US.
  13. Web site: The Institute of Chartered Accountants of Pakistan. Icap.org.pk. 20 August 2017.
  14. Web site: Welcome to Institute of Cost and Management : ICMAP. ICMA Pakistan. 20 August 2017.
  15. Web site: Homepage - ISCA . 2013-07-19 . dead. https://web.archive.org/web/20130716010231/http://corp.isca.org.sg/ . 2013-07-16 .
  16. http://www.www.oect.org.tn
  17. Web site: Apak - Aoc . www.apak-aoc.de . 14 January 2022 . https://web.archive.org/web/20060714183811/http://www.apak-aoc.de/ . 14 July 2006 . dead.
  18. Web site: Preface to International Standards on Auditing . 2006 . 2008-05-24.
  19. Web site: Auditing & Assurance - IFAC. Ifac.org. 20 August 2017.
  20. http://www.facb.org.uk
  21. Web site: CNCC - Compagnie Nationale des Commissaires aux Comptes. Cncc.fr. 20 August 2017.
  22. Web site: Ordre des Experts-Comptables - Conseil supérieur de l'Ordre des experts-comptables. Experts-comptables.fr. 20 August 2017.
  23. Web site: Ifaci -. illisite. Ifaci.com. 20 August 2017.

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