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Cyprus accountants that are recognized are members of the Institute of Certified Public Accountants of Cyprus. The Institute has been established since 1961 and have since then spent plenty of time in the public affairs of the island.
ICPAC is in constant cooperation with state services, such as the Income Tax, the Added Value Tax, the Ministry of Finance, the Ministry of Commerce, the Companies’ Superintendent etc on the promotion of several issues.
It also maintains a close cooperation with the House of Representatives when its contribution is useful and the Cyprus Stock Exchange and participates in the Corporate Governance Committee.
Its cooperation with the University of Cyprus has been secured through the granting of a subsidy aiming at promoting the research on the accountancy profession.
ICPAC is in a constant effort to strengthen its relations with other professional bodies such as the Scientific Technical Chamber of Cyprus.
ICPAC members hold high positions in the public life of the island, such as Ministers and/or MPs and participate in various political, charitable and other organisations. Their contribution is valuable.
Through the seminars and presentations, the Institution informs its members and the professionals on the latest developments concerning the accountancy profession. ICPAC also publishes a three-month magazine, the ‘Accountancy Cyprus’, which is distributed to all importance accounting offices.
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