Accounting or Accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.
Founded in 1904, the Association of Chartered Certified Accountants(ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA). ACCA's headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of over 104 offices and centres in 52 countries - with 323 Approved Learning Partners (ALP) and more than 7,300 Approved Employers worldwide, who provide employee development.
The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India. It was established on 1 July 1949 as a statutory body under the Chartered Accountants Act, 1949 enacted by the Parliament to regulate the profession of Financial Accountancy in India. ICAI is the second largest professional Accounting & Finance body in the world in terms of membership and number of students. It recommends the accounting standards to be followed by companies in India to the National Financial Reporting Authority the Public Accounting Oversight Board which supersedes ICAI. ICAI is solely responsible and accountable for setting the Standards on Auditing (SAs) to be followed in the audit of financial statements in India.
Founded in 1908, the Certified General Accountants Association of Canada (CGA-Canada) serves Certified General Accountants and students in Canada and nearly 100 countries. CGA-Canada established the designation's certification requirements and professional standards, offers professional development, conducts research and advocacy, and represents CGAs nationally and internationally. CGA-Canada joined the Chartered Professional Accountants of Canada to integrate operations under the CPA banner in 2015. CPA Canada is the new national accounting body formed by the merger of the Canadian Institute of Chartered Accountants (CICA) and the Society of Certified Management Accountants (CMA) in 2013, and now Certified General Accountants.
The Institute of Chartered Accountants of Barbados (ICAB) is a professional accountancy body in Barbados. It is the sole organisation in Barbados with the right to award the Chartered Accountant designation. ICAB is a member of the International Federation of Accountants (IFAC). ICAB is also a member of the Institute of Chartered Accountants of the Caribbean.
The Institute of Chartered Accountants of Guyana (ICAG) is a professional body in Guyana that regulates the accountancy industry and arranges for ongoing training of its members.
The Institute of Chartered Accountants of Jamaica (ICAJ) is a professional accountancy body in Jamaica. It is the sole organisation in Jamaica with the right to award the Chartered Accountant designation.
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 the purview of the Ministry of Finance through the Accountant General's Department.
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 Accountants of Nigeria (ANAN). The relationship between the two organizations has been tense. In 2007 ICAN attempted to have the bill establishing ANAN declared void.
The Institute of Singapore Chartered Accountants (ISCA), formerly the Institute of Certified Public Accountants of Singapore, is the national professional body for accountants in Singapore. It sets out to develop, support and enhance the integrity, status and interests of the accountancy profession in Singapore.
In Bangladesh, the profession of accountancy developed during the British colonial period. The basic requirements for financial reporting by all companies in Bangladesh are provided by the Companies Act of 1994. Today, it is represented by two professional bodies, the Institute of Cost & Management Accountants of Bangladesh (ICMAB) and the Institute of Chartered Accountants of Bangladesh (ICAB).
The Iraqi Union of Accountants and Auditors (IUAA) is a professional association for accountants and auditors in Iraq. It is the sole Iraqi member of the International Federation of Accountants (IFAC).
The National Board of Accountants and Auditors (NBAA) is an accounting professional and regulatory body operating under the Ministry of Finance and Economic Affairs, the sole body to certify accountants in Tanzania. It began operating on 15 January 1973.
The Association of Accountancy Bodies in West Africa (ABWA) is a regional organization of the International Federation of Accountants (IFAC). As of 2011 there were ten West African accounting institutes represented in ABWA.
The Liberian Institute of Certified Public Accountants (LICPA) is a professional association of accountants in Liberia.
The Institute of Chartered Accountants of the Caribbean (ICAC) is an association of accounting organizations in the Caribbean region that promotes professionalism and standards of best practice in the region.
The Institute of Authorized Chartered Auditors of Albania is a professional body that regulates the accountancy industry in Albania.
The Ordre des Experts-Comptables, or OEC, is a professional organization of Chartered Accountants in France. The institute was created by Ordinance in 1945 and placed under the Ministry of Economy, Finance and Budget. It represents Chartered Accountants, supports them in their professional development and guarantees their ethical conduct.
The Ordre des Experts Comptables de Tunisie or OECT is a professional association of accountants in Tunisia. It was created in 1983 and placed under the Ministry of Finance.
