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World's largest accounting bodies announced today
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27 April 2006 
 
An international accounting coalition, called the ‘Global Accounting Alliance’ (GAA), has been formed by the world’s premier accounting bodies to promote quality professional services, support the global membership, share information and collaborate on international accounting issues.  
 
The GAA, which was announced in Australia today by the Institute of Chartered Accountants, will represent over 700,000 of the world’s leading professional accountants. The Institute is the only Australian accounting body within the alliance.  
 
Other bodies within the alliance include:  

  • American Institute of Certified Public Accountants (AICPA);
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  • Canadian Institute of Chartered Accountants (CICA);
    •  
  • Hong Kong Institute of Certified Public Accountants (HKICPA);
    •  
  • Institute of Chartered Accountants of England and Wales (ICAEW);
    •  
  • Institute of Chartered Accountants of Ireland (ICAI);
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  • Institute of Chartered Accountants of Scotland (ICAS);,/li>  
  • New Zealand Institute of Chartered Accountants (NZICA); and
    •  
  • South African Institute of Chartered Accountants (SAICA).
 
The Institute of Chartered Accountants, Chief Executive Officer, Graham Meyer said the GAA was an alliance of leading professional accountancy bodies in significant capital markets created to promote quality professional services, global membership support, share information and collaborate on important international issues.  
 
The Alliance will work with national regulators, governments and stakeholders, through member-body collaboration, articulation of consensus views, and working in collaboration, where possible, with other international bodies. Supporting IFAC’s role as the voice on international issues is the preferred outcome.  
 
“Increasingly more and more of our members are moving around the world and as a consequence they are looking for greater support from the profession. The GAA will help each member organisation provide that support,” Mr Meyer said.  
 
The GAA will be chaired by former Institute of Chartered Accountants CEO, Stephen Harrison.