INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF CYPRUS (ΣΥΝΔΕΣΜΟΣ ΕΓΚΕΚΡΙΜΕΝΩΝ ΛΟΓΙΣΤΩΝ ΚΥΠΡΟΥ)

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Registration as it was on 02 Jul 2024
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The following entries are flagged as duplicates of this organisation: 827035835631-04

Overview

Lobbying Costs

50,000€ - 99,999€

Financial year: Jan 2023 - Dec 2023

Lobbyists (Full time equivalent)

1.5 Fte (6)

Lobbyists with EP accreditation

0

High-level Commission meetings

0

Lobbying Costs over the years

  • Info

    INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF CYPRUS (ΣΥΝΔΕΣΜΟΣ ΕΓΚΕΚΡΙΜΕΝΩΝ ΛΟΓΙΣΤΩΝ ΚΥΠΡΟΥ)   (ICPAC (ΣΕΛΚ))

    EU Transparency Register

    002206440983-89 First registered on 18 Jan 2021

    Goals / Remit

    ICPAC is the relevant authority for the accountancy profession in the Republic of Cyprus. Established in 1961, ICPAC currently registers more than 5.800 professional accountants as members and another 3.000 students and graduates. ICPAC's main aims are to (a) provide an organisational framework for all professional accountants in Cyprus, (b) provide professional training, guidance and education to its members, (c) regulate the profession, by means of issuing practising certificates and monitoring the work performed by the practising members and their firms, (d) ensure adherence to the Code of Ethics (IESBA code of ethics), (e) promote the interests of the members and the accountancy profession. ICPAC's mission statement highlights its objectives as (a) empower its members by providing appropriate knowledge, training, guidance and support, (b) promote the highest professional and ethical ideals, (c) be the essential partner for the State for matters relating to the economy, and ( (...)

    Main EU files targeted

    ICPAC is interested in actively participating in EU initiatives and discussions pertaining to: (a) the regulation of the audit profession, including matters of implementation specific legislative instruments such as Directive 2006/43/EC of the European Parliament and of the Council of 17 May 2006 on statutory audits of annual accounts and consolidated accounts and Regulation 537/2014 of the European Parliament and of the Council of 16 April 2014 on specific requirements regarding the statutory audit of public interest entities, (b) the Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports and the application of the IFRS as approved by EU, (c) the prevention of the useo the financial system for the purposes of money laundering and/or terrorist financing, including matters of the implementation of specific legislative measures such as Directive (EU) 2018/843 of the European Union and of the Council of 30May 2018 amending Directive (EU) 2015/849, (d) the nrichment of personal data protection via legislative measures suych as the General Data Protection Regulation (EU) 2016/679, (e) matters related to EU taxation policy and actions such as the implementation of Council Directive (EU) 2018/822 of 25 May 2018 amending Directive 2011/16/EU regarding mandatory automatic exchange of information in the field of taxation in relation to reportable cross border arrangements (f) matters relating to EU Foreign Investment Policy including Regulation (EU) 2019/452 of the European Parliament and of the Council of 19 March 2019 (g) matters relating to corporate and public governance and ethics, (h) contemporary matters of transforamtive effect including Brexit and the interaction thereof with legislative measures such as Directive 2005/36/EC of the European Parliament and of the Council of 7 September 2005 on the recognition of professional qualifications, Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts and the EU-UK Trade and Cooperation Agreement of 2020 regarding the recognition of regulated professions and professional qualifications, (i) company law matters, (j) competition law matters, as well as (k) matters relating to general accountancy practices.

    ICPAC also intends tocontribute in the discussion and consultation in the discourse related to Ethics, Compliance, Governance, Transparency and Anti-Corruption.

    Address

    Head Office
    11 BYRON AVE
    NICOSIA 1096
    CYPRUS
    EU Office
    11 BYRON AVE
    NICOSIA 1096
    CYPRUS

    Website

  • People

    Total lobbyists declared

    6

    Employment timeLobbyists
    25%6

    Lobbyists (Full time equivalent)

    1.5

    Lobbyists with EP accreditation

    No lobbyists with EP accreditations

    Complementary Information

    The General Manager and the relevant Senior Officers, as well as any relevant external associate, will be engaged in the above-mentioned activities.

    Person in charge of EU relations

    Data not provided by Register Secretariat due to GDPR

    Person with legal responsibility

    Data not provided by Register Secretariat due to GDPR

  • Categories

    Category

    Trade unions and professional associations

  • Networking

    Affiliation

    ICPAC is a member of:
    (a) the International Federation of Accountants (IFAC),
    (b) Accountnacy Europe
    (c) Federation of Mediterranean Certified Accountants (FCM)
    (d) Cyprus Chamber of Commerce and Industry (CCCI)
    (e) International Chamber of Commerce (ICC)
    (e) Employers and Industrialists Federation of Cyprus (OEB)


    ICPAC's members are all natural persons in their individual capacity. All have to be professional accountants, as stipulated in the Members Hanbook of the ICPAC.

    Member organisations

    None declared

  • Financial Data

    Interests represented

    Promotes their own interests or the collective interests of their members

    Closed financial year

    Jan 2023 - Dec 2023

    Lobbying costs for closed financial year

    50,000€ - 99,999€

    Major contributions in closed year

    None declared

    Intermediaries for closed year

    None declared

    Intermediaries for current year

    None declared

    Closed year Costs

    50,000€ - 99,999€

    Other financial info

    ICPAC is funded by the members subscriptions and the fee charged for the practising certificates issued. The main expenses of ICPAC relate to staff cost and the cost related to the regulatory and monitoring tasks.

    ICPAC's annual budget is estimated in the region of 2.000.000 euro per annum.

    ICPAC is a non for profit organisation

  • EU Structures

    Groups (European Commission)

    None declared

    Groups (European Parliament)

    N/A

    Communication activities

    ICPAC constitues the competent authority for the members thereof regarding the provision of professional services for audit, administrative servuces, insolvency services and general accountancy and consulting services, as well as overseeing their continual compliance with the Anti-Money Laundering and Sanctions' related EU and Republic of Cyprus' legislation. Within the Ambit of the performance of the above-mntioned tasks, ICPAC organises on a regular basis training activities for its members, workshops, presentations and conferences, with the participation of other local competent authorities and stakeholders and international professional bodies and associations.

    Other activities

    None declared

  • Meetings

    Meetings

    None declared

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