The SAAA was established in 1955 and is comprised mainly of accountants and some auditors, who join the association on a voluntary basis. It has played a key role in the provision of Serbian translations of international standards such as IFRS, IFRS for SMEs, ISA, IPSAS, and the IESBA Code of Ethics for Professional Accountants. The main objectives of the association are to develop and strengthen the role of the accounting profession in Serbia; promote ethical behavior and adherence by its members to the IESBA Code of Ethics; develop and deliver professional training, examination, certification as well as continuous professional development programs for its members in accordance with IES; monitor its members performance, conduct and adherence to professional standards; represent members of the Serbian accounting profession globally; and promote cooperation between national PAOs. SAAA is a Member of IFAC and Accountancy Europe.