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From Institute of Certified Accountants and Auditors of Thailand 
to Federation of Accounting Professions of Thailand...

      In 1948, a group of accountants led a successful motion to form an organization for accounting professions. “Accountant Association of Thailand” was founded on 13th October 1948 after approval was requested and received from National Culture Council. On 24th May 1975, the association was renamed to “Institute of Certified Accountants and Auditors of Thailand” and its operation scope had been extended to more accounting professions among its members. 13th October had become foundation day for national accounting professions organization until it was later changed to 23th October when Accounting Professions Acts 2547 BE was first enacted on 23rd October 2004.

      Legal effort to certify accounting professions to government and become center for accounting professions in Thailand had begun since 1937. The first draft of “Accountant Act” was written in 1953; and after many revisions, “Public Accountant Act 2505 BE” was enacted and became effective on 2nd November 1962.
      There were continuing efforts to institutionalize accounting professions. On 6th September 1994, the National Assembly OR the Cabinet of Thailand had approved draft of “Accountant Federation Act” but was later postponed due to change of government.
Finally, on 23rd October 2004, Accounting Professions Act 2547 BE, approved by His Majesty the King, became effective. The Accounting Profession Act aims to put every accounting professional under regulation by FAP which is operated and monitored by accounting professionals themselves, similar to other professional federations. Accounting professionals are united for benefits to professional development and livelihood. 
      FAP was officially under His Majesty The King’s Royal Patronage on 6th September 2005 bringing pride, happiness, and morale to all FAP’s responsible staffs and accounting professionals to work their bests to achieve FAP’s objectives.