The LCPAA was established in 1998 with an objective to unite accountancy professionals in Laos. The organization’s recognition is established under the Law on Independent Audit of 2014. The organization offers Certified Public Accountant (CPA) licenses for its members and is responsible for: (i) arranging and delivering the continuing professional development program for all practitioners; (ii) managing and conducting professional examinations for CPA certifications; and (iii) conducting an investigations and disciplinary system with the Ministry of Finance. CPAs may practice as auditors in audit firms that are members of LCPAA. LCPAA is a primary member of ASEAN Federation of Accountants.