Ikatan Akuntan Indonesia/Institute of Indonesia Chartered Accountants (IAI) is responsible for the regulation of professional accountants, including setting accounting standards in the private sector, administering the Chartered Accountant Indonesia exam, providing continuing professional education, establishing a code of ethics, adopting professional standards, and maintaining a disciplinary system for members. IAI membership comprises accountants from all accounting backgrounds, including public accountants/auditors, management accountants, tax accountants, internal auditors, academics, and public sector accountants. Prior to 2014, membership in the IAI was voluntary; however, in 2014, Minister of Finance Decree No. 25 of 2014 (PMK) on State Registered Accountants introduced the requirement for accountants to become a member of a professional organization prior to registration with the Minister of Finance. This requirement has strengthened the standing of the IAI in the profession. In addition to being a member of IFAC, IAI is a member of the ASEAN Federation of Accountants.