About NIPA

General Information

National Institute of Professional Accountants, Financial Managers and Economists (NIPA) is a non-profit organisation that was established in 1999. The Government of Samara Region of Russian Federation took valuable participation in creation of NIPA and for today it constantly supports and participates in NIPA's activities.

NIPA is equal partner of the Institute of Professional Accountants of Russia (IPAR) - the largest professional accounting body in Russia, which is also a member of International Federation of Accountants (IFAC).

The cooperation between IPAR and NIPA is based on the Reciprocal Agreement on Cooperation, main aspects of which are the following:
- the unity of purpose and objectives;
- unified membership requirements;
- the agreement sets for each of the Institutes obligations and rights related with the process of examination, continuous professional education (CPE) for professional accountants, who are members of both Institutions;
- some other questions, related to cooperation and joint activities.

Objectives and Goals

- building a positive public opinion about representatives of the profession;
- encouragement of professional development by members;
- promotion of new forms and methods of accounting;
- encouragement of practical implementation of advanced findings;
- representation and protection of the interests of members ;
- informational, methodological, social and legal assistance to members.

Code of Ethics

The Code of Professional Ethics of the National Institute of Professional Accountants, Financial Managers and Economists is based on the Code of Ethics for Professional Accountants, which was accepted by the International Federation of Accountants in 1996 (1998 edition) and also contains basic provision of the Global Code of Ethics for Accounting Educators, accepted in 2000 by International Association for Accounting Education and Research.
In its professional activities the member of NIPA must observe certain rules and principles e.g.:
a) honesty and objectivity in professional services;
b) professional competency;
c) confidentiality of the information received when accomplishing official duties;
d) maintenance of positive reputation of accounting profession as a whole, and avoiding any actions that may discredit accounting profession;
e) accomplishing of professional services according to professional standards for accountants.
Ethical requirements to members of NIPA are not limited by the above indicated ones.

Main page...