5 Year Plan (2007 - 2012)

The focus and direction of the Institute for the next 5 years is to:

1.1 Increase the membership levels and continue to develop highly competent professionals;
1.2 Continue to deliver high quality services to the members, reaching them in their respective locations;
1.3 Continue to be the leading professional body, valued by the business community;
1.4 Continue to uphold and maintain the CPA brand supported by legislature; and
1.5 Maintain and improve the international relations, striving to meet the international standards

Project Owner: Council

During the next 5 years, that CPAPNG continue to provide quality services to its members and aim to achieve the following:

2.1 To increase the membership level from 2,000 to 3,000 by 2012;
2.2 To continually improve services provided to its members;
2.3 To establish a comprehensive and current library service for members, including online services;
2.4 To set up, support and add value to the existence of the branches; and
2.5 To acknowledge our members for their contributions to the profession.

Project Owner: Membership, Ethics & Disciplinary Committee

3.1 To ensure that members in the profession conduct themselves in accordance with the Code of Ethics for Professional Accountants;
3.2 To take appropriate disciplinary actions on members who breach the Code of Ethics so as to protect the image and interest of the profession; and
3.3 To refer members who breach the Code of Ethics to the Accountants Registration Board (or other appropriate bodies) for further investigations.

Project Owner: Membership, Ethics & Disciplinary Committee

To uphold the CPA brand and provide a high standard examination process:

4.1 To continue to maintain an educational program which provides members with an up to date coverage of the essential accounting and related disciplines necessary to drive business success;
4.2 To continue to incorporate core accounting skills;
4.3 To initiate and formalize the Work Experience Mentor Program and to ensure that all members abide by and follow the requirements;
4.4 To clearly distinguish the qualifications of Accounting Technician (AT) and Certified Practising Accountant (CPA);
4.5 To expand and develop the AT and CPA qualifications; and
4.6 To support the universities and colleges in maintaining and improving their standards.

Project Owner: Education & Examination Committee

In line with leading Accountancy bodies throughout the world the Institute has a commitment to life-long learning. The objective is therefore:

5.1 To provide a wider range as possible of CPD programs to meet the need of our diverse members;
5.2 To support CPD offered by the various organizations within the range of CPD as designated in Rule 10;
5.3 To support appropriate in-house CPD relevant to the CPE requirements under Rule 10; and
5.4 To support branches in organizing and conducting CPD relevant to the CPE requirements under the rules.

Project Owner: Conference / CPE / Branch Committee

6.1 To continue to promote the recruitment and involvement of professionally qualified accountants to enhance the credibility and accountability of public sector management;
6.2 To establish close links with the public sector accountants and liaise with the appropriate government agencies to ensure that their accountants are members of CPAPNG; and
6.3 To continue to maintain the relationship with the PNG Institute of Public Administration to recognize and admit the public sector accountants who pass through PNGIPA to become members of CPAPNG;

Project Owner: Public Sector Committee

7.1 To maintain a healthy financial state in order to provide all services required by members at cost-benefit level to members;
7.2 To investigate other secured financial investment portfolio options with better Rate of Returns; and
7.3 To solicit external funding and/or support for professional accounting training.

Project Owner: Finance Committee

8.1 or Accountants Development Program
8.2 To assist tertiary institutions to achieve high standards, which will enable them to tackle our professional examination program with competence;
8.3 To stress the importance of professional and ethical conduct as required of CPAPNG members in accordance with Code of Ethics for Professional Accountants; and
8.4 To interest students at Secondary Schools in the accounting profession prior to entry to tertiary institutions.

Project Owner: Education & Examinations Committee

9.1 To create awareness by advertisements through the various media to promote the profession and the CPA brand name;
9.2 To assist and encourage established branches to promote CPAPNG activities, hence promoting the profession throughout the country;
9.3 To maintain a register of long serving members to represent the Institute in Boards and Committees; and
9.4 To maintain and promote the programs established with the universities and PNG and abroad.

Project Owner: Council

To have the Accountants Act reviewed encompassing particularly, the following compulsory:

10.1 To make Public Practitioner's Course compulsory and a prerequisite for accountants applying for registration as public practitioners with ARB;
10.2 CPAPNG to determine any examinations that need to be undertaken as a prerequisite for applying for a public practitioners certificate;
10.3 To make the requirements to apply for a Public Practice certificate simpler and indicate clear guidelines;
10.4 To determine and implement structural and administrative matters in the current Act;
10.5 To review the functions of the Statutory Committee in light of the quality assurance monitoring process of members;
10.6 To re-write our Rules to conform with the current developments in the accountancy profession; and
10.7 To amend the necessary sections to accommodate the changes in the membership categories to distinguish the different categories of membership and examinations.

Project Owner: Constitution & Legislation Committee

11.1 To re-design and maintain the website with up-to-date internet services to the members;
11.2 To provide and maintain a register of interested job seekers and advertisements by employers, making it readily available for the members and the business community.
11.3 To re-design the Membership Database to facilitate the new changes;
11.4 To develop and maintain a library (both physical and online) for members; and
11.5 To change the telephone system to accommodate branch communication network.

Project Owner: Council

12.1 To maintain membership with the International Accounting Bodies;
12.2 To improve the quality assurance of CPAPNG members to meet the requirements set by the International Federation of Accountants (IFAC); and
12.3 To enable members to achieve reciprocal membership with other professional bodies.

Project Owner: Public Relations Committee

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