The UFPAA is a non-governmental, self-regulatory body with voluntary membership established in June 1996 in accordance with the Law on Associations at the first Congress of Accountants and Auditors of Ukraine. According to UFPAA’s Charter, its objective is to represent the profession of accountants and auditors, and to foster reforms and development of accounting and audit in Ukraine in line with international standards. In addition to membership in IFAC, UFPAA is a member of Eurasian Council of Certified Accountants and Auditors, the Fédération Internationale des Experts-Comptables Francophone, and has cooperation agreements with several professional organizations nationally and internationally.