Liberian Institute of Certified Public Accountants
|Liberian Institute of Certified Public Accountants (LICPA)
|Legal status||statutory body corporate|
The Liberian Institute of Certified Public Accountants (LICPA) is a professional association of accountants in Liberia.
LICPA is a member body of the International Federation of Accountants (IFAC). The Institute was established by an Act of the Liberian Legislature. In 2011 a revised version of the act was going through legislative review. Assuming the act is passed, Liberia will adopt the International Financial Reporting Standards.
Liberians with Bachelors of Arts Degrees in Accounting are allowed to sit for examinations to become Certified Accountants. In May 2011 fourteen candidates from LICPA sat an international accounting exam at Cuttington University in Congo Town. Successful students would be eligible for admission as professional members of the Institute of Chartered Accountants of Ghana (ICAG). Later that month a workshop was organized by the World Bank, the Liberian Ministry of Finance and the LICPA. Coleen Little-John of the World Bank pointed to the need of improvements to bring Liberia into line with world standards.
- "IFAC's Members". IFAC. Retrieved 2011-06-30.
- Edwin Genoway (4 May 2011). "LICPA to Incorporate Liberians". New Dawn. Retrieved 2011-06-30.
- Garmonyou Wilson. "LICPA Conducts first CPA Exams". The Inquirer. Retrieved 2011-06-30.
- "Accountants Won't Be Second Class". The Analyst. 4 May 2011. Retrieved 2011-06-30.
- George J. Borteh (27 May 2011). "Liberia’s Accounting System Displeasing". The New Republic. Retrieved 2011-06-30.