Training Pathway:

In Iran, the Iranian Association of Certified Public Accountants (IACPA) and the Iranian Institute of Certified Accountants (IICA) serve distinct but complementary roles in the accounting profession. IACPA’s focus is primarily to emphasize the certification and support of public accountants. Its membership comprises certified public accountants and aims to enhance their professional standards and ethical practices. Its activities include organizing training, workshops, and conferences to promote ongoing education and professional development among its members. On the other hand, IICA concentrates on the broader education and training of accountants, including both public and management accountants. Its membership includes a wider range of accounting professionals and students pursuing accounting education. IICA also provides educational resources, conducts research, and promotes best practices in accounting and auditing.

Certification Requirements:

The first step to become a CPA in Iran to have a bachelor’s degree in accounting or finance. In addition to that, at least six years of experience in the accounting profession is required. In the next step, a recommendation from at least three previous employees of the firms and institutions where you have worked. This recommendation should cover ethical and professional aspects. The final step before taking the examination itself is to participate in specialized classes for the official accounting exam. Your final step is the exam itself. Passing the official accountant exam signifies that you have obtained the certification in this field. The official accounting exam in Iran is held annually in December. This exam has a specific capacity and includes negative marking for incorrect answers.

In Iran, the regulatory bodies for accounting include:

Organization for Auditing and Accounting: This body oversees the auditing profession and ensures compliance with accounting standards.

Iranian Association of Certified Public Accountants (IACPA): This association provides support and resources for certified public accountants, promoting professional development and adherence to ethical standards.

Ministry of Economic Affairs and Finance: This government ministry plays a significant role in regulating financial and accounting practices in the country.

Stock Exchange Organization: This body regulates financial reporting and disclosure for publicly listed companies, ensuring transparency and accountability.

Central Bank of Iran: The Central Bank oversees the financial institutions and ensures compliance with accounting standards in the banking sector.

These organizations work together to maintain the integrity and reliability of financial reporting and auditing practices in Iran.