The Confederation of Asian and Pacific Accountants (CAPA) represent national accountancy organization in the Asia-Pacific region. Today, CAPA has a membership of 34 accountancy organizations in 24 jurisdictions. CAPA is by far the largest regional accountancy organization and its geographical area spans half the globe!
The idea of CAPA was conceived at the First East Conference of Accountants that was held from November 28 to December 1, 1957 in Manila, Philippines. However, it was only in 1976 that the Confederation of Asian and Pacific Accountants was formerly established.
CAPA’s mission is to provide leadership in the development, enhancement and coordination of the accounting profession in the Asia-Pacific region. To enable the profession to provide services of consistently high quality in the public interest. To achieve this mission, CAPA has a commitment to assist the accounting profession in emerging countries in the Asia-Pacific region.
CAPA region which spans from Canada in the east to Pakistan in the west have diverse economies of varying levels of maturity. The diverse resources and skills of these members are a unique strength of CAPA, which is used to benefit all its members. CAPA also has an important role to establish better communication and understanding amongst members in order to encourage greater cross border activities in the accounting and business arena.
CAPA also aims to enhance the accountancy standards and development of the profession by promoting harmonisation through the adoption of IF AC and IASC standards.