ABOUT AIALast Updated on Tuesday, 19 November 2013 09:24
The Association of International Accountants (AIA) is a global body for professional accountants. We aim to create world class accountants; through offering high-standard, relevant and innovative qualifications, and providing first-class, tailored and pertinent services for our members around the world.
Founded in 1928, AIA has promoted the concept of ‘international accounting’ to create a global network of accountants in over 85 countries worldwide. We have always believed in opportunity, quality, diversity, accountability and transparency, and these principles are reflected in everything that we do.
AIA works in the public interest, ensuring that our members are appropriately regulated for the work that they carry out. AIA is a Prescribed Body under the Companies (Auditing and Accounting) Act 2003 in the Republic of Ireland and we also have supervisory status for our members under the UK Money Laundering Regulations 2007. The AIA professional qualification is currently recognised in over 30 countries worldwide.
In the UK, AIA is a Recognised Qualifying Body (RQB) for statutory auditors, and as such we are regulated by the Financial Reporting Council (FRC) and work closely with them to ensure that our auditors are of the appropriately high standard. AIA auditors who are registered with a Recognised Supervisory Body (RSB) are able to seek registration as a statutory auditor across the European Union.
Our commitment to providing innovative qualifications is reflected in our provision of national variant exam papers, and in our optional Islamic accounting and banking exam. AIA also offers a range of leading edge diplomas, tailored specifically for finance and accounting professionals. We also have recognition to operate in the Qualifications and Credit Framework (QCF) as an Awarding Body, the new framework for creating and accrediting qualifications in England, Wales and Northern Ireland, which takes a fresh look at qualifications, education and training.
AIA is continuously working with our members and partners in financial centres around the world to encourage trust, clarity and shared international standards in the accounting profession. AIA supports the work of the IFRS Foundation and the International Accounting Standards Board (IASB) in developing a single set of high quality, understandable, enforceable and globally accepted international financial reporting standards (IFRSs).
AIA believes in creating a global accountancy profession; and we support the International Federation of Accountants (IFAC) in their vision of a global accountancy profession recognised as a valued leader in the development of strong and sustainable organisations, financial markets and economies. AIA has adopted IFAC’s Code of Ethics for professional accountants and also incorporates IFAC’s International Education Standards (IES) into our own policies and procedures.
AIA has members working throughout the whole spectrum of the accountancy profession. Many of our members are at the top of the accountancy industry, from senior management to director level, and representing some of the most important and profitable firms in the world. Conversely, significant numbers of our members work in small and medium sized businesses (SMEs) and we strive to champion the importance of SMEs and their needs.