LACPA established in 1994 under the Profession Accountancy Law No 367 with the aims of - Protecting the profession, promoting it and preserving its image. - Promoting cooperation and solidarity among members, protecting their interests and defending their legitimate rights. - Undertaking scientific research projects and improving accounting principles and techniques. - Formulating and proposing accounting and auditing principles as well as professional conduct rules in accordance with international standards, including those set by the Arab and international unions that the Association belongs to. - Imposing sanctions on members who do not comply with its statutes or the ethics of the profession. - Working on resolving conflicts and disputes that arise among members.