Confederation of Asian and Pacific Accountants

Confederation of Asian and Pacific Accountants (CAPA) is the organisation for the accountancy profession in the Asia and Pacific region.

CAPA represents national accountancy organisation in the Asia-Pacific region.

The idea of the CAPA was conceived at the First Far East Conference of Accountants held from November 28 to December 1, 1957, in Manila, Philippines. It was the first conference of such magnitude that was held in the region with 20 organisations from 15 jurisdictions participating.

One third of these jurisdictions did not have any national accounting organisations then and thus the idea of forming a formal confederation of accounting bodies was postponed. Recognising the need for the exchange ideas and information on a regional basis, the participants agreed to hold regular conferences.

At the next conference in 1960, the grouping was renamed the Confederation of Asian and Pacific Accountants as more jurisdictions joined the Confederation.

In 1976 the Confederation of Asian and Pacific Accountants adopted a formal charter and established an Executive Committee to carry out activities in line with its newly established mission and objectives.

Today, CAPA has a membership of 33 accountancy organisations in 23 jurisdictions. It is one of the four major Regional Organisation recognised by the International Federation of Accountants (IFAC). The other Recognised Regional Organisations covers the geographical areas of Africa, Europe and American continents.

The mission of CAPA is to provide leadership in the development, enhancement and coordination of the accountancy profession in the Asia-Pacific region to enable the profession to provide services of consistently high quality in the public interest.

To achieve this mission, CAPA will pursue the following objectives:
• Enhance the standards and development of the profession by promoting convergence to IFAC and IASB standards.
• Assist with the formation and development of national and intra-regional organizations which serve the interests of accountants in public practice, commerce, industry, public sector and education.
• Foster a strong and cohesive profession by providing leadership on emerging issues, coordinating with IFAC, development agencies, other international and regional organizations, acknowledged groupings, member bodies and associates to achieve appropriate strategic objectives.
• Promote the profession's role, responsibilities and achievements in advancing the interests of member bodies and in serving the public interest.
• Liaise with international and regional organizations to influence the development of efficient capital markets and international trade in services.

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