The Lao Chamber of Professional Accountants and Auditors (LCPAA) is in the reforming process to build a strong institute for increasing ethical and professional values of accounting profession which is a big challenge for a small institution with limited resources. However, with the strong support of the Ministry of Finance as of the Government in term of legal framework that in line with international professional standards and best practices, LCPAA has an enabling environment to achieve its goal of creating a trustworthy profession for the public interest, and put all its efforts based on its resources to continuously develop the accountancy profession.
The current cooperation with international and ASEAN-wide professional accountancy bodies and supports of qualified accountants on a voluntarily basis and other stakeholders also play an important role in promoting the institutional development as they assist LCPAA to be more rapidly in line with international standards. For instance, the adoption of ACCA syllabus for Lao CPA qualification, the continuing professional development with the assistance by expertized volunteers in different areas and other professional training with the technical assistances of other professional accountancy bodies assist LCPAA to start up its operational functions, emphasizing on professional trainings, faster than expected. Now, LCPAA is delivering new Lao CPA training program fully complies with International Education Standards to have regionally and internationally recognized CPA. However, LCPAA still needs to gradually strengthen its capacities for sustainable professional development.
I believe that with our strong commitment and the contribution of professional accountants and promotion of all stakeholders for the improvement of our professional quality, the Lao accountants in this near future generation could proudly show their value in assisting financial management of business entities to effectively operate in more competitive environment.
LCPAA’s President
Phirany PHISSAMAY
The current cooperation with international and ASEAN-wide professional accountancy bodies and supports of qualified accountants on a voluntarily basis and other stakeholders also play an important role in promoting the institutional development as they assist LCPAA to be more rapidly in line with international standards. For instance, the adoption of ACCA syllabus for Lao CPA qualification, the continuing professional development with the assistance by expertized volunteers in different areas and other professional training with the technical assistances of other professional accountancy bodies assist LCPAA to start up its operational functions, emphasizing on professional trainings, faster than expected. Now, LCPAA is delivering new Lao CPA training program fully complies with International Education Standards to have regionally and internationally recognized CPA. However, LCPAA still needs to gradually strengthen its capacities for sustainable professional development.
I believe that with our strong commitment and the contribution of professional accountants and promotion of all stakeholders for the improvement of our professional quality, the Lao accountants in this near future generation could proudly show their value in assisting financial management of business entities to effectively operate in more competitive environment.
LCPAA’s President
Phirany PHISSAMAY
The Lao Chamber of Professional Accountants and Auditors (LCPAA) is in the process of reforming the PAO organization based on its mission and vision to upgrade and maintain the accounting profession with reliable quality for public benefit. Create a strong institution to increase ethical values and professional values which is a big challenge for small institutions with limited resources. However, with the support and cooperation of the government's Ministry of Finance in terms of legal framework and foreign and local stakeholders in terms of strengthening, in order to be in line with international professional standards and best practices, LCPAA must achieve its goal of creating a credible profession. for the public good, of all his efforts based on the resources of to continue developing the accounting profession.
In the year of 2014-2015, I was also appointed as the Vice President of AFA for one term as a journey of learning, understanding, communicating and working together with local and regional PAOs. And in 2015, I was honored to be appointed as the Vice President of LCPAA, and in addition, in 2016-2017, I was also appointed as the President of the ASEAN Association of Accountants (“AFA”). All along, I believe that we have laid the foundation for future success, especially contributing to Professional and economic development of the region. Through the adoption and implementation of international standards, focusing on Small and Medium-Sized Enterprises (SMEs), and creating the ability of the accounting organization in the region.
Currently, cooperation with international and ASEAN professional accounting organizations has supported qualified accountants and other stakeholders. In addition, it plays an important role in promoting the development of LCPAA institutions in accordance with international standards. In the integration and establishment of the ASEAN Economic Community (AEC) brought LCPAA to the big role and challenge in building the capacity of Lao professional accountants and auditors to be able to compete in free accounting services within ASEAN countries. MRA has sent a signal to us to follow up on activities to enhance the capacity of Lao professional accountants and auditors in preparation to become a competitive country in the region by becoming a CPA of ASEAN.
Currently, LCPAA has adopted ACCA's curriculum to be used for Lao PDR's CPA qualification training program and LCPAA is organizing a new version of Lao PDR's CPA training program that is fully in line with international education standards and goals that are fully in line with SMOs to become members of the International Federation of Accountants. (IFAC) for his CPA to be recognized regionally and internationally. However, LCPAA still needs to gradually strengthen its capacity for sustainable professional development.
I believe that with the commitment, cooperation, and contribution of professional accountants and the promotion of all sectors related to raising the quality of our profession, Lao accountants in the near future can show Let's see their value in technical assistance in accounting with reliable quality of public interest.
I am very honored to be given the opportunity to serve, Lao Chamber of Professional Accountants and Auditors. I truly believe that together we can advance a stronger accounting profession in region.
Finally, I would like to thanks Vice President of LCPAA and Committee Members for their supports and hard work. I also thank you and all LCPAA staff, along with all LCPAA Members for their Commitment to supporting LCPAA activities.
LCPAA’s President
Sonexay Silaphet
In the year of 2014-2015, I was also appointed as the Vice President of AFA for one term as a journey of learning, understanding, communicating and working together with local and regional PAOs. And in 2015, I was honored to be appointed as the Vice President of LCPAA, and in addition, in 2016-2017, I was also appointed as the President of the ASEAN Association of Accountants (“AFA”). All along, I believe that we have laid the foundation for future success, especially contributing to Professional and economic development of the region. Through the adoption and implementation of international standards, focusing on Small and Medium-Sized Enterprises (SMEs), and creating the ability of the accounting organization in the region.
Currently, cooperation with international and ASEAN professional accounting organizations has supported qualified accountants and other stakeholders. In addition, it plays an important role in promoting the development of LCPAA institutions in accordance with international standards. In the integration and establishment of the ASEAN Economic Community (AEC) brought LCPAA to the big role and challenge in building the capacity of Lao professional accountants and auditors to be able to compete in free accounting services within ASEAN countries. MRA has sent a signal to us to follow up on activities to enhance the capacity of Lao professional accountants and auditors in preparation to become a competitive country in the region by becoming a CPA of ASEAN.
Currently, LCPAA has adopted ACCA's curriculum to be used for Lao PDR's CPA qualification training program and LCPAA is organizing a new version of Lao PDR's CPA training program that is fully in line with international education standards and goals that are fully in line with SMOs to become members of the International Federation of Accountants. (IFAC) for his CPA to be recognized regionally and internationally. However, LCPAA still needs to gradually strengthen its capacity for sustainable professional development.
I believe that with the commitment, cooperation, and contribution of professional accountants and the promotion of all sectors related to raising the quality of our profession, Lao accountants in the near future can show Let's see their value in technical assistance in accounting with reliable quality of public interest.
I am very honored to be given the opportunity to serve, Lao Chamber of Professional Accountants and Auditors. I truly believe that together we can advance a stronger accounting profession in region.
Finally, I would like to thanks Vice President of LCPAA and Committee Members for their supports and hard work. I also thank you and all LCPAA staff, along with all LCPAA Members for their Commitment to supporting LCPAA activities.
LCPAA’s President
Sonexay Silaphet