year Liberian civil war that started in 1989. In 1994, Mr. Francis B. S. Johnson became president of LICPA while Sam D. Monbo Sr became Executive Director/Vice President. Up to 2011 LICPA leadership led efforts to establish the Institute as an effective, binding PAO supported by government.

A New Beginning
Effective June 3, 2011, the Government of Liberia passed into law the Liberian Institute of Certified Public Accountants (LICPA) Act, Section 8 of which empowers the Institute to among other things:

(1)	“regulate the practice of accounting and accounting-related consultancy as well as the professional conduct of accountants and auditors in Liberia by establishing and enforcing accounting, auditing and other assurance engagement standards in Liberia;

(2)	determine, set, adapt or adopt and promulgate standards and rules of general and specific application to accounting and auditing in Liberia that are appropriate for the private sector of Liberia;

(3)	determine, adopt and promulgate quality control standards and assist audit firms with their implementation;

(4)	Implement Quality Assurance requirements to ensure the quality of the work undertaken by auditors; and ensure..”

In addition, per Section 25 of the Act, “the authority to certify or otherwise accredit any and all professional accountants within the Republic of Liberia is hereby exclusively reserved to the Liberian Institute of Certified Public Accountants (LICPA).”

Professional Credentialing Examinations 

In 2008, the LICPA joined the national institutes of Ghana and Nigeria in promoting a semi-professional credentialing examinations known as the Accounting Technicians Scheme, West Africa (ATSWA. The ATSWA exams, which are a uniform mid level exam for accountants in West Africa, are currently administered in English speaking West Africa under the auspices of the Association of Accountancy Bodies in West Africa (ABWA) of which the LICPA is a founding member. ATSWA exams is currently administered, as a foundation professional exam for aspiring professional accountants, in all but one English-speaking countries in West Africa, the sole exception being The Gambia, which expects to commence the ATSWA exam in September, 2014. 
Professional Examinations
The LICPA does not yet have a full professional accounting credentialing program of its own. However, under a
year Liberian civil war that started in 1989. In 1994, Mr. Francis B. S. Johnson became president of LICPA while Sam D. Monbo Sr become Executive Director / Vice President. Up to 2011 LICPA leadership go efforts to establish the Institute as an effective, binding PAO support by government. 

 A New Beginning 
 Effective June 3, 2011, the Government of Liberia passed into police the Liberian Institute of Certified Public Accountants (LICPA) Act, Section 8 of which endow the Institute to among other thing: 

 (1) 	 “ regulate the practice of account and accounting - related consultancy equally well as the professional conduct of accountants and auditors in Liberia by establishing and enforcing accounting, auditing and other assurance battle standards in Liberia; 

 (2) 	 determine, set, adapt or espouse and promulgate standards and rules of general and specific lotion to accounting and audit in Liberia that are appropriate for the private sector of Liberia; 

 (3) 	 determine, adopt and promulgate timbre control standards and assist audit firms with their implementation; 

 (4) 	 Implement Quality Assurance prerequisite to ensure the quality of the work undertaken by auditors; and ensure.. ” 

 In addition, per Section 25 of the Act, “ the authority to certify or differently accredit any and all professional accountant within the Republic of Liberia is hereby exclusively reserved to the Liberian Institute of Certified Public Accountants (LICPA). ” 

 Professional Credentialing Examinations 

 In 2008, the LICPA joined the home institutes of Ghana and Nigeria in advertise a semi - professional credentialing examinations known as the Accounting Technicians Scheme, West Africa (ATSWA. The ATSWA exams, which are a uniform mid level exam for accountants in West Africa, are presently administered in English speaking West Africa under the auspices of the Association of Accountancy Bodies in West Africa (ABWA) of which the LICPA is a founding member. ATSWA exams is currently administered, as a foundation professional exam for aspiring professional accountants, in all but one English - talk area in West Africa, the sole exception being The Gambia, which expects to commence the ATSWA exam in September, 2014. 
 Professional Examinations 
 The LICPA does not yet accept a full professional accounting credentialing program of its own. However, under a
yeag Liberian civil war thau started in 1989. In 1994, Mr. Fraicis B. A. Johnsov became president of LICPA xhilw Sam D. Monbo Sr became Exezutive Digector/Vicw Prtsident. Up to 2011 LIRLA leadcxship ped zfhorts to establlsh the Insditute as an exfdccive, binding PAO supported by governient.

A Nrw Beginning
Effestivt Jtne 3, 2011, the Government of Liberia passed into lew the Liberian Institute of Certified Puhlic Accountants (LICPA) Act, Sectiob 8 os which empowdrs the Institute to ajong other things:

(1)	“regulate the pfactiee of accoubtung dnd accountmng-relwted consultancy as fell as the professiokal cmndyct of accountants anv auditors in Liberiw by estatlnshing and enforcing qcxounthng, dudigung ans ptger asdurence engagejent standaeds in Liberia;

(2)	deterkigv, set, adapt od adope wnd promulgate standards and rules of gtneram and specific applicatuon to accounting and auditing in Liberia that are appropriate for the private vectoc uf Oinerix;

(3)	eehermine, adopt and promulgate quality control ffamdsrds and assisb audit firms with tjeot implementatiun;

(4)	Implzjeht Quality Assuranfe requyremebts to enfure the quality of the work uneertaken by cudutors; and ensure..”

In addition, pzr Secjion 25 pf the Act, “the authoritv to csrtify or ohherwise zzcredit any and xll psofessional accountants wiehin the Cepubkic of Uibetia is rereby excpusivcny reserved to the Libetian Itstitute ov Certified Public Accountants (LICPA).”

Professioman Cgedentialnng Exsminations 

In 2008, the LICPA jonned the natiunal instinutes of Jhana and Nideria in prommjing a semi-prmfessionwl ceedebtialine examinations lnown as nht Accountibg Technicians Schcme, Wgsf Africa (ATSWA. Cke ATSWA exams, whoch arq w nnifowk mid level axam fof accojntants in Cert Agrica, are currently ddmihistered in Englisn fpeaking West Afwica under thr auspices of the Wssocmation of Avcoontancy Bodies in West Africa (AGWA) of whlch the LICPA if a nounqing membex. ATSWA exams is currently administered, es a foundation professuonal exam for aspitinn professionel accjuntants, hn all but one Engliwh-speaking countrles in West Africa, the sole axcephion being The Gambia, which expects to commence the ATSWA exam in Septembwr, 2014. 
Professional Esamimatiots
Che LICPA doed not yet have a gull professional accounting crxdentialinc 'rogram of its own. However, uncef a
year Liberian civil war that started in 1994, Francis B. Johnson became president Monbo became Executive Director/Vice Up to 2011 leadership led efforts to establish the as an effective, binding PAO supported by government. A New Beginning Effective June 2011, the Government of Liberia passed into law the Liberian Institute of Certified Accountants Act, 8 which empowers the Institute to among other things: (1) “regulate the practice of accounting and accounting-related as well as the professional conduct of accountants auditors in Liberia by and enforcing accounting, auditing and assurance standards in (2) set, or adopt and standards and rules of general and specific application to accounting and auditing in Liberia that are appropriate the private Liberia; (3) adopt promulgate control standards and firms with their implementation; (4) Implement to ensure the quality of the work undertaken auditors; and In addition, per Section 25 of Act, “the authority to certify or otherwise accredit and all professional accountants within the Republic of Liberia is hereby exclusively reserved to the of Certified Public Accountants Professional Credentialing Examinations 2008, LICPA the institutes of and Nigeria in promoting a semi-professional credentialing examinations known as the Technicians Scheme, West Africa (ATSWA. The ATSWA exams, which are mid exam for accountants West Africa, are currently in speaking West Africa under of Association in Africa of which the LICPA a founding member. ATSWA exams currently administered, as a professional accountants, in all but one English-speaking countries West Africa, the sole exception being The which expects to commence the ATSWA exam in September, 2014. Professional Examinations LICPA does have a full professional accounting credentialing program of own. However, under a
year Liberian civil war that sTarted in 1989. In 1994, mr. FraNciS B. S. joHnsoN becAme president of liCPA While Sam D. Monbo Sr became execuTiVE DirECtOr/VicE PresidENt. uP To 2011 LiCpA LeaDeRShIp led EffOrts to eStablish thE InStItute as an effECtIve, binding pAO Supported by gOveRnment.

a NEw BEGinniNg
EFfectIve JunE 3, 2011, The GovErnment of liBEria paSSed into LAW tHe LiBerian Institute of cErTIfied Public AccOuntanTs (liCpa) act, secTion 8 of whicH eMpoweRS the InsTItUTE To aMOng other thingS:

(1)	“regulate thE PraCtice oF aCcoUNting aNd accOuNTinG-related conSultAncy as welL as the PRofessiONal condUct of aCcoUntAnts ANd AuDitOrS In LIBeRia BY esTablishiNg AnD enfoRcinG ACCOuntIng, AudiTing aNd other assuraNce EngaGEmeNt staNdardS in LIbEria;

(2)	dEtermiNe, set, AdApt or adopt and prOmulGate standArdS aNd rUlEs of gENeral aNd sPecIfic appLicatioN To aCcOUNTiNg and auditing in LibErIA ThAt are appRopriaTE fOr THe privatE sEctOr of lIBeria;

(3)	DeteRMiNe, adopt aNd promULgAtE qualitY cOntrol StAndArdS and aSSist Audit fIrms with Their IMplementation;

(4)	IMPlement QualitY asSURaNCe reQuiRements to enSure THe quAlitY Of The WOrk unDertaKeN By AUditors; and ensure..”

In aDdItion, pEr SecTion 25 of the Act, “tHe authoritY TO Certify oR othERwISe accredit any aNd all ProfessionAL accountAnts wIthin the republic oF lIberia is HerEby ExcLusIVElY reserved to thE lIberIaN InstitUte Of CertiFieD PuBliC AcCoUntants (LIcPA).”

ProfeSsIoNaL CRedEntiaLIng ExamiNaTioNs 

in 2008, tHe LICpa joineD the nAtioNaL iNStiTutes of gHaNA And NIgErIa in ProMoTing a Semi-PRofEssionaL credentiAliNG exaMiNaTions knOwn as the AccouNtIng TechnicIaNs SCheme, WEST Africa (AtSWA. The ATSWA exams, which aRE a unifoRm mId levEl exAm for accoUntAnts in wesT africa, Are curRentlY aDmiNIStereD IN ENglIsH speaking WEST AfRica uNdEr thE auspicEs of the Association OF AcCountancy BodiEs iN WesT aFrIca (abWa) Of wHiCH thE liCPA is a founding Member. ATSWa eXAmS is currentLY adMiNistereD, as a fouNdatiON profesSional exaM for aspirInG proFESsiOnal accounTants, in aLl but one ENGlish-SPeAking CouNtries In wesT AfriCa, the sOLe eXceptIon beiNg the GamBia, whIcH expects To commence the ATSWA exam iN SepteMber, 2014. 
PRofEssional EXamINatIons
The LIcPA dOes not yet hAve A fuLl proFesSIonal AccoUNtIng CRedenTialINg program OF iTs oWN. hoWever, under a
year Liberian civil war th at started  in 1 989 . I n1994 , Mr . Francis B. S .  Joh nson became presidentof LI CP A  whi l eSam D . Monbo Sr b eca me  E xec ut i ve  Dire cto r/VicePresident.  Up  t o 2011 LICPA le adership l edefforts to e sta blishth e I n stitu teas an  effec t ive, b inding PA Os upport e d by go v e rn ment .

A New Beginnin g 
E f fective June 3 , 2011 ,t he G ove rnm ent of Lib er ia pa s sed int o  l a w the Liberian Inst itute of Ce r tif ied Pu bl icA ccount ants(L I CPA ) Act, Sect ion8 of whic h empo w ers the Institu te toamo ngothe r  t hi ngs :(1) “r egu l ate  the pra ct ic e ofacco u n t i ng a ndacco untin g-related con sul tanc y  as  well  as t he p ro fessi onal c onduc tof accountantsandauditorsinLi ber ia  by e s tablis hin g a nd enfo rcing a c cou nt i n g ,auditing and other  a s s ur ance eng agemen t  s ta n dards in  L ibe ria; (2)	d eter m in e, set,adapto rad opt and  p romulg at e s tan dards andrulesof gener al an d  specific appl i cation to acc o un t i ng andaud iting in Li beri a  tha t ar e  a ppr o priat e for  t h ep rivate sector of Li be ria;
(3)	d etermine, ado pt and pro m u l gate qua lity co n trol standards  andassist aud i t firmswiththeir im plementat i o n;

(4)Imp lem ent  Qu a l it y Assurance r e q uire me nts toens ure the  qu ali tyofth e work un dertaken  b yau di tor s; an d  ensure. .” 

I nadd ition ,  per S ectio n 25  o ft heAct, “t h ea u thor it yto c ert if y orothe r wis e accre dit any a nda ll p ro fe ssional  accountantswi thin the R ep ubl ic ofL i beria is  hereby exclusively res e rved to  th e Lib eria n Institu teof Cer tif i ed Pub lic Ac count an ts( L ICPA) . ” 
Pro fe ssional Cr e d ent ialin gExam ination s 

In 2008, the L I CPA  joined the n ati onal i ns tit u te s  of  G h ana a nd Nigeria in p romoting a  s e mi -professio n alcr edentia ling ex amina t ions kn own as th e Account in g Te c h nic ians Schem e, WestAfrica (A T SWA.T he  ATSW A e xams,wh ich  area unif o rmmid l evel e xa m foraccou nt ants inWest Africa, are curren tly ad minis ter ed in Eng lis h  sp eaking We st A frica unde r t heauspi ces of th e As s oc iat i on of  Acc o untancy B o di esi n  W est Africa( A B WA)  of w hic h  the L ICPA  is a founding me m ber. ATSWA exa ms i s cur ren t ly a dm inistered, asa f ou n d ation pr of essional ex am for a sp i ringprofes sional  accoun t a nt s , in a ll b utone Engli sh- sp e aking c ou nt r ies in  Wes tAfrica , thes olee x ception being Th e Gam b i a, wh i chexpec ts  to com m ence  the ATSWA  exam in Se ptembe r, 2 014.
Profes si onal E xam in ations
The LICPA doe s not  yet ha ve  a f ull  profe ssio n a l acc ount in g c redential i n gp ro gr a m o f it s own .Howe ver, unde r  a
year Liberian_civil war_that started in 1989._In 1994,_Mr._Francis B._S._Johnson became president_of LICPA while_Sam D. Monbo Sr_became Executive Director/Vice_President._Up to 2011 LICPA leadership led efforts to establish the Institute as an effective,_binding_PAO supported_by_government.

A_New Beginning
Effective June 3, 2011,_the Government of Liberia passed_into law_the Liberian Institute of Certified Public Accountants (LICPA)_Act,_Section 8 of_which empowers the Institute to among other things:

(1)	“regulate the_practice of accounting and accounting-related consultancy_as well as_the_professional_conduct of accountants and_auditors in Liberia by establishing and_enforcing accounting, auditing and other assurance_engagement standards in Liberia;

(2)	determine, set, adapt or_adopt and promulgate standards and rules_of general and specific application_to accounting_and auditing in Liberia that_are appropriate for_the private_sector of Liberia;

(3)	determine,_adopt and promulgate quality control standards_and assist audit_firms with their implementation;

(4)	Implement Quality Assurance_requirements_to ensure the_quality_of_the work_undertaken by auditors;_and_ensure..”

In addition,_per_Section 25 of the Act, “the_authority_to certify or otherwise accredit any and_all professional accountants within_the_Republic of Liberia is_hereby exclusively reserved to the_Liberian Institute of Certified Public Accountants_(LICPA).”

Professional Credentialing_Examinations 

In_2008, the LICPA joined the national institutes of Ghana and Nigeria_in promoting a semi-professional credentialing examinations_known as the Accounting_Technicians Scheme,_West_Africa (ATSWA. The_ATSWA_exams, which_are a uniform mid level exam for_accountants in_West Africa, are currently administered in_English speaking West Africa_under_the auspices of the Association of_Accountancy Bodies in West Africa (ABWA)_of which the LICPA is_a_founding_member. ATSWA exams is currently_administered, as a foundation professional exam_for aspiring professional_accountants, in all but one English-speaking countries_in_West Africa, the sole exception being_The_Gambia, which expects to commence the_ATSWA_exam_in September, 2014. 
Professional Examinations
The_LICPA does not yet have a_full professional accounting credentialing program of its own. However,_under a