Institute of Certified Accounting and Auditing Professionals
Громадська спiлка "Iнститут сертифiкованих професiоналiв облiку й аудиту"

ICAAP Governing Bodies

The governing bodies manage the ICAAP activities by their powers as defined by the ICAAP Statute and the relevant Regulations. The governing bodies of ICAAP are:

 - Congress of ICAAP members; 

 - ICAAP Board; 

 - ICAAP President; 

 - Audit Committee; 

 -  ICAAP Executive Directorate

                            The Congress of ICAAP members

The Congress of ICAAP members is the highest governing body of ICAAP. The Congress of ICAAP members is convened by the ICAAP Board at least once every three years. The time and place for the Congress of ICAAP members, the rules of representation and the procedure for the election of delegates to the Congress, the draft agenda are being established by the ICAAP Board no later than 60  days before the date of the Congress.

A Congress of ICAAP members is legitimate if at least half of the ICAAP qualified members and two-thirds of full members (or their representatives) are present.  Decisions on the Congress must be approved by more than half of the participants.

                           ICAAP Board

The ICAAP Board is the permanent collective ICAAP governance body which operates between the Congresses. The Congress of ICAAP members elects the members of the ICAAP Board for three years. The activities of the ICAAP Board are managed by the ICAAP President (also a Board member).

The ICAAP Board meeting is held at least once a month and is considered legitimate if at least two-thirds of the members of the ICAAP Council are present. The decisions of the ICAAP Board are made by a simple majority of the member votes.

                            ICAAP President

The ICAAP President is the ICAAP senior official who represents ICAAP  and publicly expresses the official position of ICAAP. The Congress of ICAAP members elects the ICAAP President for the three years term.

Only the head of a qualified ICAAP member (at the time of an election) can be a President of ICAAP. The ICAAP President may be an ICAAP employee. The ICAAP President is the head of the  ICAAP Board.

                             Audit Committee

The ICAAP Audit Committee is elected by the Congress of ICAAP members for the three years term and acts under the ICAAP Statute and applicable laws and regulations. The members of the Audit Committee cannot serve as members of the ICAAP Board or other ICAAP bodies.

                           ICAAP Executive Directorate

ICAAP Executive Directorate performs executive functions. The Executive Directorate provides organisational and technical support to the ICAAP Board and the ICAAP Committees, performs other executive functions to achieve the goals and objectives of ICAAP. The ICAAP Executive Directorate acts under the ICAAP Statute and the Regulations on the ICAAP Executive Directorate.