Federation of Asia Pacific Accountants website：http://www.capa-apac.org

Federation of Asia Pacific Accountants website

Federation of Asia Pacific Accountants website：http://www.capa-apac.org

The Confederation of Asian and Pacific Accountants (CAPA) is a regional organisation representing twenty-nine national professional accountancy organisations (PAOs) from twenty-one jurisdictions that operate in, or have an interest in, the Asia-Pacific region. The membership of these organisations comprise over 2 million professional accountants.

CAPA’s 60th anniversary commemorative book titled ‘CAPA – Sixty Years and Counting’ documents CAPA’s history from its inception in the year 1957 up to the year 2017.

CAPA is one of four regional organisations (ROs) recognised by the global accountancy profession, which is represented by the International Federation of Accountants (IFAC). The other ROs represent PAOs in Europe, Africa, and the Americas.

CAPA has a unique role within the accountancy profession, positioned between IFAC and the national PAOs, which represent the profession in each jurisdiction. Accordingly, CAPA is better placed to undertake certain initiatives and activities than either IFAC or the PAOs.

CAPA provides the structure to enable relationship building and knowledge sharing among PAOs operating in the region and to undertake specific activities consistent with the organisation’s vision and mission.

CAPA’s mission is supported by medium to long-term strategies and short-term work plans. These embrace both the public and private sectors and all facets of the accountancy profession.

The Formation of CAPA

CAPA was the brainchild of the President of the Philippine Institute of Certified Public Accountants, Governor Gregorio S. Licaros, who was also the Governor of the Central Bank of the Philippines back then.