The IICPA is a young membership organization born by the need for new financial accounting and auditing standards that became all too evident since the beginning of the ongoing Global Financial Crisis of 2007. The IICPA was conceived and its website was started in 2003. Incorporation in Delaware followed in February of 2008. The Institute's operating language is Standard English. The IICPA uses the volunteer group model providing for member guidance and representation with an emphasis on the use of task forces allowing for targeted efforts with the task forces being given a specific assignment then disbanding upon completion of that assignment. The IICPA is not active in the development of generally accepted accounting principles and auditing standards for historical financial statements. The IICPA's initiative is in the direction of forward-looking financial statements and reports that embrace the future. (See "Nominations" below) The IICPA shall have certain boards and standing committees, including an Accounting Standards Committee Assurance Services Committee Professional Ethics Committee Professional Education Committee Other boards and committees as required Nominations The IICPA is accepting nominations from individuals or organizations for the Accounting Standards Committee and the Assurance Services Committee to improve the standards following the Global Financial Crisis and to address the peculiarity and challenges of forward-looking dynamic superimposed generally accepted accounting principles (SuperGAAP) and related auditing standards. The committees' Terms of Reference are uploaded on the web for the Accounting Standards Committee and for the Assurance Services Committee. Prospective committee members must be eligible for Full Membership and License, and in addition be current members in good standing of federally or state government recognized and authorized public accounting bodies of any country and/or state, and professionally qualified and authorized in law to perform public attest functions in their respective jurisdictions. Committee Members should have a minimum of ten years of public accounting, industry and/or academic teaching and/or standard development & application research experience. The composition of the committees will reflect the diversity of the international community of certified and public accountants reflecting both the sizes of their economies and populations served. A good half or more of the Committee Members are expected to be drawn from Asia where two thirds of the world's current population live. Applications for either, the Accounting Standards or the Assurance Services Committee (but not both), may be sent to the secretary by cutting and pasting the Membership Application Form into the email with the notation "Committee Member Application" (1) Accounting Standards Committe or (2) the Assurance Services Committee, but not both.

Return to IICPA Home Page