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Top 10 Professional Accounting Bodies in The World

Top 10 Professional Accounting Bodies in The World

You’ve come to the right place if you’re looking for a list of professional accounting bodies around the world.

When it comes to the field of accounting, professional accounting bodies are critical to ensuring that the world’s accountants, who work at top companies all over the world, follow international and domestic regulations and codes of ethics.

Professional accounting bodies also assist new accountants by providing professional qualifications that set them apart from their peers and ensuring that they can provide the best service to their employees.

Top 10 Professional Accounting Bodies in The World
We’ve compiled a list of the top ten accounting bodies from around the world with which you should be familiar, whether you’re just starting out in accounting or aspiring to be one (in no particular order):

1. ICAEW

One of the world’s oldest and most prestigious chartered accounting bodies is the Institute of Chartered Accountants in England and Wales (ICAEW). ICAEW was founded in 1880 by Royal Charter under Queen Victoria and now has over 181,500 members and students from 148 countries.

While the ICAEW is a leading professional membership organization, it is also a regulatory body, which means it has investigative powers and can hold both members and firms accountable to the law.

The ICAEW is respected by top firms worldwide, as evidenced by the fact that an ICAEW chartered accountant sits on the board of 83 percent of the UK’s top companies, as ranked by the Financial Times Stock Exchange.

Qualifications Offered:
ICAEW Associate Chartered Accountant (ACA);
ICAEW Certificate in Finance, Accounting, and Business (CFAB);
ICAEW Business & Finance Professional (BFP)

2. ICAS

The Institute of Chartered Accountants of Scotland (ICAS), established by Royal Charter in 1854, is the world’s oldest professional body of accountants.

ICAS has 23,000 members and serves as an industry regulator and thought leader, supervising its members and firms in 100 countries and representing them on a variety of issues in accounting, finance, and business, always acting in the public interest.

3. AICPA

The American Institute of Certified Public Accountants (AICPA), founded in 1887, represents the CPA profession in the United States by establishing regulations and standards for the profession for private companies, as well as monitoring and enforcing compliance.

The AICPA is the world’s largest professional accounting body in terms of membership, with over 429,000 members in 122 countries representing areas of practice such as business and industry, public practice, government, education, and consulting.

4. MICPA

The Malaysian Institute of Certified Public Accountants (MICPA), founded in 1958, is the country’s only professional accounting body.

MICPA was a founding member of the International Federation of Accountants and has played a key role in establishing accounting standards and technical advisory for Malaysia’s regulatory bodies (IFAC).

MICPA has over 3,200 members and over 500 registered students enrolled in its program. The Institute’s members are all professionally qualified “certified public accountants” (CPA).

5. ISCA

The Institute of Singapore Chartered Accountants (ISCA) is Singapore’s national accounting body, with over 32,000 ISCA members working in businesses in Singapore and around the world.

ISCA, founded in 1963, is leveraging its regional expertise, knowledge, and stakeholder networks to help Singapore develop into a global accounting center.

6. ACCA

The Association of Chartered Certified Accountants (ACCA), which has over 219,000 members and 527,000 students worldwide, was founded in 1909 in London as the London Association of Accountants. ACCA has expanded its presence in 52 countries since then.

The term and designation “Chartered Certified Accountant” is unique to ACCA members – none of the world’s accounting bodies have the same designation.

7. Chartered Accountants Ireland


The professional body was founded by Royal Charter in 1888 as the Institute of Chartered Accountants in Ireland.

Today, Chartered Accountants Ireland – Ireland’s largest accounting body – educates, represents, and supports 27,000 members from various sectors around the world.

The organization is dedicated to restoring confidence at all levels of the economy and collaborates with governments and businesses to raise awareness of the value of sound financial advice.

8. CIMA


The Chartered Institute of Management Accountants (CIMA) is the world’s leading and largest professional body of management accountants, having been founded in 1919.

CIMA, which has over 106,000 members and over 280,000 students, and its headquarters in London, helps individuals and businesses succeed by assisting them in realizing the full potential of management accounting. This makes it one of the world’s most unique accounting bodies.

9. CPA Australia

Certified Practicing Accountant Australia (CPA Australia) is one of the world’s largest accounting bodies, with over 164,695 members working in 150 countries and regions worldwide.

In terms of membership, it is Australia’s largest professional accounting body. Education, training, technical support, and advocacy are among its core services to members.

10. Hong Kong Institute of Certified Public Accountants


The Hong Kong Institute of Certified Public Accountants is the only body in Hong Kong authorized by law to register certified public accountants and issue practicing certificates.

It was founded in 1973 as the Hong Kong Society of Accountants and now has over 43,000 members and over 18,000 registered students, making it one of the world’s smallest accounting bodies.

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