The Chinese Institute of Certified Public Accountants (CICPA) was founded in 1988. The CICPA exercises the management and service functions by virtue of the powers vested by the Law of the People’s Republic of China on Certified Public Accountants, the Charter of the Chinese Institute of Certified Public Accountants and the relevant laws and regulations.
The missions of the CICPA are: providing services to its members, monitoring the service quality and professional ethics of members, regulating the CPA profession according to relevant laws, and coordinating the relationship within and beyond the CPA profession. That is, with the construction of professional credibility and integrity as its guiding principle, CICPA is devoted to provide services to its members; to monitor the service quality and professional ethics of members; to regulate the CPA profession according to relevant laws; to coordinate the relationship within and beyond the CPA profession; to protect the interests of the general public and the legitimate rights of the CICPA members; and to promote the healthy development of the CPA profession.
As at 31 May 2006, CICPA has more than 5,600 group members (accounting firms), over 140,000 individual members, among whom about 69,700 are practicing members and over 70,000 are non-practicing members. The total revenue of the whole profession in 2005 exceeded RMB 18 billion.
CICPA became a member of the Confederation of Asian and Pacific Accountants (CAPA) and the International Federation of Accountants (IFAC) in October 1996 and May 1997 respectively. Currently, CICPA is a member of the IFAC Board and CAPA Executive Committee, and has developed friendly cooperation and communication with more than 50 professional accounting bodies in other jurisdictions.
The highest authority of the CICPA is the National Assembly of Delegates, through which the Council was elected. The Executive Committee exercises the powers and duties of the Council when the Council is not in session. The secretariat is the execution office of the CICPA.
The secretariat is the execution office of the CICPA.
