How We Began

After the Iranian Revolution of 1979, the audit of profit and non-profit entities, a specialized branch in the field of professional accounting, did not exist as an established domain of non-governmental auditing, for the first fifteen years. The ‘Use of Specialized and Professional Services of Qualified Accountants as Certified Public Accountants Act’ of 1993 (the Act) was a potential solution for this systemic gap. According to this Act, the government may utilize the specialized and professional services of Certified Public Accountants (CPAs) as it deems proper and fit, to monitor the financial affairs of manufacturing, trade, and service entities, as well as verifying their financial statements in order to protect the interests of investors, other interested parties, as well as the public.

According to subsection 1 to the Act, the “Recognition of Qualification of Certified Public Accountants” procedural manual was ratified in 1995 by the Council of Ministers, and the Minister of Economic Affairs and Finance introduced the first group of CPAs as founders of the Iranian Association of Certified Public Accountants (IACPA) in 1996. This group was assigned the task of authoring the IACPA’s original Articles of Association, which was ratified by the Council of Ministers in September 1998. The first general assembly of CPAs took place on August 24, 2001, with an agenda of electing High Council Members. High Council members were duly elected by direct vote of CPA members and the Association was established.


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