CIPFA, an abbreviation for The Chartered Institute of Public Finance and Accountancy, is a professional body in the United Kingdom, established in 1902, dedicated to promoting public finance excellence and offering professional qualifications and support to individuals working in the public sector.
CIPFA is recognized as the leading professional accountancy body for public finance professionals and is responsible for setting high standards, ethics, and governance for its members. It serves as a platform to connect and support professionals working in the public financial sector, enabling them to enhance their skills, knowledge, and expertise.
The institute offers a comprehensive range of qualifications and training programs tailored to meet the needs of finance professionals. The core qualifications provided by CIPFA are the Professional Qualification (CIPFA PQ), which equips individuals with the skills required for a successful career in public finance, and the Diploma in International Public Sector Accounting Standards (IPSAS), focusing on international accounting standards applied in the public sector.
CIPFA's main objectives include advancing the science and practice of public finance, promoting the highest possible standards within the public sector, providing professional guidance and support to members, and contributing to the development and improvement of public financial management through research and policy advocacy.
Overall, CIPFA plays a vital role in the advancement of competent and accountable public financial management, supporting the professionals working in this sector, and promoting good governance and financial sustainability in the public realm.
