National Institute of Professional Accountants, Financial Managers and Economists (Samara Institute of Professional Accountants)

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N I P A

Non-profit Partnership Self regulated Organisation “National Institute of Professional Accountants, Financial Managers and Economists”

Russian version

Samara Institute of Professional Accountants (SIPA) called since 12/1/2009 National Institute of Professional Accountants, Financial Managers and Economists (NIPA), has been created in 1999 as legally and actually independent organisation.

Now the physical persons recognising the Charter, the Code of Ethics and other standard documents of NIPA, dividing it problems and principles, paying membership dues, taking part in its activity and meeting established professional requirements can be members of NIPA.

In 2006 NIPA has developed and introduced professional certification on 3rd specialisations:

1) The Certificated Professional Accountant,

2) The Certificated Financial Manager,

3) The Certificated management Accountant

We enter into Agreements with national professional associations – members of the International Federation of Accountants (IFAC) from Ukraine, Azerbaijan, Moldova, Russia and South Africa republic, and also with national professional associations – not consisting in IFAC or other international associations from Belarus and Kazakhstan about a mutual recognition of qualification members.

In 2007-2009 NIPA has opened branch and the representations operating in 15 subjects of Russian Federation.

In 2009 NIPA with realisation of strategy directed on creation of self-regulate association of accountants, financial managers and experts management accountants:

• Has developed standards of professional work of members NIPA,

• Has developed and introduced the monitoring system of quality professional work members NIPA,

• Has insured members NIPA from risk an assumption professional errors

• Has fulfilled other requirements of Russian legislation on self-regulation.

On December, 16th, 2009 the National Institute of Professional Accountants, Financial Managers and Economists is included by the decision of Federal Agency of State Registration, Cadastre and Cartography Russian Federation in the state register of the self-regulated organisations as voluntary SRO, regulating professional work of physical persons by trades (taking into account qualification appropriated by the applicant):

1) The Certificated professional accountant,

2) The Certificated financial manager – financial director,

3) The Certificated management accountant

According to the document received in Federal Agency of State Registration, Cadastre and Cartography Russian Federation, now NIPA is the FIRST and UNIQUE in Russia self-regulate association of accountants and financial managers.

President NIPA

Dmitry A. Yakovenko