The 14-year-old Mongolian Institute of Certified Public Accountants today has over 2,000 members spread over 25 branches in Ulaanbaatar and the provinces and working for more than 60 firms. Executive Director L. Enkh-Amgalan has revealed that its recent activities include preparation of amendments to the present Law on Audit, and a translation of the International standards of financial reporting, done under an agreement with the Ministry of Finance.

The institute also publishes professional books and journals for members. It is an active member of the World Association of Accountants, and also of the Association of Asia Pacific Countries’ Accountants. It keeps in close touch with public accounting organizations of Japan, South Korea, and India. Its members are expected to work for correct reporting of financial information in accordance with international standards. They are also encouraged to be competent analysts and efficient consultants.