The CCPN, established by the Law on the Practice of Public Accounting, Law No. 6 of April 14, 1959, is the only institution legally recognized as the representative body of the accountancy profession in Nicaragua. Its membership is comprised of public accountants and authorized public accountants (CPAs). It is authorized to carry out regulatory responsibilities such as: (i) establishing initial professional development (IPD) and continuing professional development (CPD) requirements for CPAs; (ii) setting accounting, auditing, ethical, and other professional standards for its members; (iii) monitoring its members’ compliance with the ethical requirements; (iv) carrying out investigative and disciplinary procedures; (v) maintaining a registry of accountancy professionals; (vi) providing training programs for its members; and (vii) overall efforts to advance the profession. In addition to being an IFAC Member, the CCPN is a member of the Inter-American Accounting Association and the Integration Committee Europe—Latin America.