Liberian Institute of Certified Public Accountants
Encyclopedia
The Liberian Institute of Certified Public Accountants (LICPA) is a professional association of accountants in Liberia
.
LICPA is a member body of the International Federation of Accountants (IFAC).
The Institute was established by an Act of the Liberian Legislature. In 2011 a revised version of the act was going through legislative review. Assuming the act is passed, Liberia will adopt the International Financial Reporting Standards
.
Liberians with Bachelors of Arts Degrees in Accounting are allowed to sit for examinations to become Certified Accountants.
In May 2011 fourteen candidates from LICPA sat an international accounting exam at Cuttington University
in Congo Town.
Successful students would be eligible for admission as professional members of the Institute of Chartered Accountants of Ghana
(ICAG).
Later that month a workshop was organized by the World Bank
, the Liberian Ministry of Finance and the LICPA. Coleen Little-John of the World Bank pointed to the need of improvements to bring Liberia into line with world standards.
Liberia
Liberia , officially the Republic of Liberia, is a country in West Africa. It is bordered by Sierra Leone on the west, Guinea on the north and Côte d'Ivoire on the east. Liberia's coastline is composed of mostly mangrove forests while the more sparsely populated inland consists of forests that open...
.
LICPA is a member body of the International Federation of Accountants (IFAC).
The Institute was established by an Act of the Liberian Legislature. In 2011 a revised version of the act was going through legislative review. Assuming the act is passed, Liberia will adopt the International Financial Reporting Standards
International Financial Reporting Standards
International Financial Reporting Standards are principles-based standards, interpretations and the framework adopted by the International Accounting Standards Board ....
.
Liberians with Bachelors of Arts Degrees in Accounting are allowed to sit for examinations to become Certified Accountants.
In May 2011 fourteen candidates from LICPA sat an international accounting exam at Cuttington University
Cuttington University
Cuttington University is a private university in Suacoco, Liberia. Founded in 1889 as Cuttington College by Episcopal Church of the United States , it is the oldest private, coeducational, four-year, degree-granting institution in sub-Saharan Africa.-History:In 1887, Robert Fulton Cutting,...
in Congo Town.
Successful students would be eligible for admission as professional members of the Institute of Chartered Accountants of Ghana
Institute of Chartered Accountants of Ghana
The Institute of Chartered Accountants of Ghana is a professional accountancy organisation in Ghana. It is the sole such organisation in Ghana with the right to award the Chartered Accountant designation, and with the right to regulate the accountancy profession in Ghana. The Institute of...
(ICAG).
Later that month a workshop was organized by the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
, the Liberian Ministry of Finance and the LICPA. Coleen Little-John of the World Bank pointed to the need of improvements to bring Liberia into line with world standards.