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History and operation

IPA has been actively engaged in developing guidelines for state and governmental bodies in regards of audit, accounting and consulting services, thereby influencing the state regulation process for audit.

In 2001 IPA was an initiator of the project “Quality Review for the Audit of Federal State Unitary Enterprises Statements”, facilitated by the Ministry of Property Relations of Russian Federation.

IPA has provided the projects of the Ministry of Economic Development and Trade of  Russian Federation “Development of the participation model  for self regulatory professional organizations in all stages of the accounting reform”, “Development of the suggestions and forms for special financial statements used by the operators  of the agreements on production sharing (APS) according to the IFRS”.

Educational program of IPA includes IFRS and ISA courses in training and research centers of IPA.

Since July 16, 2002 IPA has been accredited at the Ministry of Finances of Russian Federation for as a professional body.  

In 2003 IPA signed the Agreement on cooperation with 7 professional audit organizations, accredited at the Ministry of Finances of Russian Federation.

The IPA Certificate of Quality was licensed on December 6, 2004 (License No 55910). Business community highly appreciates the IPA Certificate in relation to Reviews for IPA members.

In May 2005 Audit Council at the Ministry of Finances of Russian Federation adopted “Guidelines and Program of Audit Quality Reviews by the professional organizations accredited at the Ministry of Finances” based on IPA methodology.

The organization has contacted with professional associations of the USA, Sweden, France, Canada, the UK, Hong Kong, Malaysia, Baltic countries and CIS.

IPA has made agreements with self regulatory organizations of Latvia, Kazakhstan and Uzbekistan on cooperation and mutual technical and methodological assistance in audit and development of auditors’ profession.

Institute of Professional Auditors (IPA) and American Institute of Certified Public Accountants (AICPA) have signed the Memorandum on Cooperation.

In 2006 Institute of Professional Auditors held seminars “External Quality Control” in the framework of TACIS project “Audit Reform in Russian Federation”.

In its years in existing IPA has contributed to professional standard-setting, development of the profession and promotion of high quality practices.

IPA is a member of Eurasian Council of Certified Accountants and Auditors (ECCAA).