Chartered Institute of Public Finance and Accountancy Totally Explained

Everything about The Chartered Institute Of Public Finance And Accountancy totally explained

The Chartered Institute of Public Finance and Accountancy (CIPFA) is one of a number of professional associations for accountants in the UK. CIPFA has more than 15,000 members and 3,000 students and is the only accountancy body that specialises in the public services. The Institute began life as the Corporate Treasurers’ and Accountants’ Institute in 1885, changing its name to the Chartered Institute of Public Finance and Accountancy in 1973 when it obtained its Royal Charter.
CIPFA is a member of the Consultative Committee of Accountancy Bodies, the umbrella organisation for the British accountancy profession. It also belongs to the International Federation of Accountants. It has heaquarters in Croydon, London in the NLA Tower

Designation

Members of CIPFA are entitled to style themselves Chartered Public Finance Accountant and use the designatory letters CPFA.

Mutual Recognition

A mutual recognition arrangement between CIPFA and the Institute of Chartered Accountants of Scotland (ICAS) was put in place in 1996, however this was terminated by ICAS in 2005.Details
A mutual recognition agreement was put in place with the Society of Management Accountants of Canada in February 2004 Details
Although not strictly a form of mutual recognition, CIPFA members of 5 years standing may apply for direct entry to the Institute of Chartered Accountants in England and Wales subject to meeting certain criteria. Details
In October 2005, CIPFA and the Society of Management Accountants of Canada announced a dual-designation program to allow Canadian public sector accountants to train to become Canadian Certified Management Accountants and obtain the CPFA designation in parallel. This is due to be launched in September 2006. Details (pdf)
CIPFA and CPA Australia signed a mutual recognition agreement in June 2007, during the CIPFA Annual Conference in Bournemouth, England. Details

CIPFA Group

The CIPFA Group includes, in addition to the main accounting body:
IPF - a commercial services arm; Public Finance - a weekly magazine for the public sector; and the CIPFA Education and Training Centre (CETC) - providing training and support for the CIPFA qualifications at four UK locations.

Further Information

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