The International Institute of Certified Professional Accountants® is an Association (Verein) formed under Swiss law by
Michael Schemmann, PhD (Calif.), CPA (State of Washington), ICPA (IICPA), professional international banker, Professor & Chair of Accounting emeritus, as
Managing Director on his own behalf, and the Institute of Certified Public Accountants iicpa.com established in 2003 and
incorporated in the State of Delaware, United States in 2008.
The IICPA Verein and associated organizations have been supported from time to time by the advice of James M. Wood, II, former University Vice President of Finance & Administration, Chair and Associate Professor of Accounting & Finance, and by others.
Appointment & licensing
Intermediate associate certified designation
The Institute appoints and licenses as ACPASM Associate Certified Professional AccountantSM for the life-time of the appointee candiates who have
The ICPA®, ICPA PROFESSIONAL® International Certified Professional Accountant® designations and licenses are uniform, that is, they do not distinguish between the particular paths to appointment and licensing.
The Institute's members are the two founding members. Accomplished professional accouting organizations are invited to join the IICPA as non-voting associates.
The Institute promotes the ICPA® and ICPA PROFESSIONAL® and ACPASM global unified titles for International Certified Professional Accountants and Associate Certified Professional Accountants worldwide by recognition of comparable designations of certain accounting bodies, and by uniform IICPA examination at the completion of course work at participating schools of business.
The Institute strives to develop dynamic forward-looking financial accounting and reporting standards for commerce and industry, and a return to sound fundamental accounting and reporting principles for monetary financial institutions to safeguard the economic well-being of the nation.
Resistance to change is pervasive. John Maynard Keynes famously argued that what prevents society from creating positive futures is not a shortage of good ideas but our inability to let go of the past.
Historical financial accounting and reporting is through the rear-view mirror. The Institute joins the International Institute of CPAs in promoting forward-looking and dynamic, instead of static, financial accounting, auditing and reporting standards to enable and assist creditors, lenders, regulators, the financial markets and the public to make prudent investment decisions.