Today, capital markets are transnational and global. Lack of trust paralyses financial markets and the economy as a whole. Without trust, financial markets experience crises, and their participants and the entire society suffer from heavy losses.
Due to their professionalism, experience, and compliance with ethical standards, accountants and auditors build confidence and support a high level of trust in business.
The ICAAP mission is to promote the development and increase of confidence in the accounting profession in Ukraine. This confidence is the key to planting trust in relations between business entities and satisfying the economic interests of society as a whole.
The ICAAP objectives are:
- promotion of the accounting and auditing development in Ukraine based on the implementation of international professional standards
- assistance for international recognition of Ukrainian accounting and auditing professionals
- participation in tax legislation development, and
- protection of legal rights and interests of ICAAP members
by uniting efforts of accounting and auditing professionals.