Policy
CPAPNG was established in 1974 as a mandatory membership organization for all accountancy professionals in Papua New Guinea (PNG)—Certified Practising Accountants and Certified Accounting Technicians. The Accountants Act of 1996 provides CPAPNG with the mandate to: (i) review and communicate information on technical developments in the accountancy profession to members; (ii) set accounting and auditing standards to be applied in PNG; (iii) advise the Accountants Registration Board on any matters referred to it; (iv) determine initial and continuing professional development requirements, including setting requirements for admission into the institute; (v) research topics affecting the accountancy profession; (vi) set ethical requirements; (vii) establish an investigation and disciplinary system for its members and, where appropriate, ask the Accountants Statutory Committee to inquire into allegations of improper conduct by a member; (viii) establish and administer, or participate in the establishment and administration of, any organization, whether incorporated or not, whose principal objectives relate to the advancement of the accountancy profession; and (ix) promote the interests of the accountancy profession in PNG.
In addition to being an IFAC Member, the CPAPNG is a member of the Confederation of Asian and Pacific Accountants.
