The LAAA is a public, non-profit, non-governmental, voluntary organization uniting professional accountants in Lithuania. The LAAA’s mission is to provide high-quality professional services, raise the knowledge level of accounting specialists, and encourage continuous development in the profession. The LAAA undertakes the following activities: (i) establishing educational and professional conduct requirements for members; (ii) administering a “Professional Accountant” examination designed for individuals seeking advanced level qualifications; and (iii) establishing and operating QA and I&D systems for members. In addition to being an IFAC member, LAAA is a member of Accountancy Europe.