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About Us

The Association of Accountants of the Republic of Latvia (AARL) as professional association of accountants was founded in 1994. Currently the association unites more than 800 members, including certified professional accountants, accountants working in public practice, tax consultants, teaching staff of higher educational institutions, specialists in finance, as well as external and internal auditors.


  • 1994 – The Association of Accountants of the Republic of Latvia was founded
  • 2000 – Certification of professional accountants by AARL was initiated
  • 2002 – The Code of Ethics for Professional Accountants was developed
  • 2012 – The International Secretariat of AARL was created
  • 2013 – Admission to the International Federation of Accountants (IFAC) as an associate
  • 2014 – AARL celebrates its 20th anniversary
  • 2014 – Admission to the Employers’ Confederation of Latvia as a member
  • 2014 – Adoption of the IESBA Code of Ethics for Professional Accountants
  • 2015 – Ceremony of AARL membership signs’ presentation
  • 2015 – AARL merged with the Latvian Association of Accounting Outsourcing (LAAO)
  • 2015 – Admission to the Latvian Chamber of Commerce and Industry (LCCI) as a member
  • 2015 – Admission to the Accountancy Europe (ACE) as an associate
  • 2018 - Admission to the International Federation of Accountants (IFAC) as a member
  • 2019 - AARL celebrates its 25th anniversary
  • 2021 - Admission to the Accountancy Europe (ACE) as a member


The association is an open association for all representatives of accounting profession, for whom quality of the provided services and prestige of the profession are important. Therefore, one of the main objectives of the association is to improve professional skills of accountants and carry out their certification that was initiated in 2000. The programs on certification were developed in accordance with the criteria of professional qualification of accountants, accepted in 1999 at the conference of United Nations, IAESB International Education Standards and also the provisions and principles of the International Federation of Accountants.


The Association of Accountants of the Republic of Latvia was admitted to the International Federation of Accountants (IFAC) as a member during the IFAC Council Meeting in Sydney, Australia in November 2018 with the unanimous voting. IFAC is comprised of over 175 members and associates in 130 countries and jurisdictions, representing approximately 2.5 million accountants in public practice, education, government service, industry, and commerce.


Thus, the International Federation of Accountants has confirmed the importance and role of the Association of Accountants of the Republic of Latvia in the development of national accounting and compliance with the international Statements of Membership Obligations (SMOs) developed by IFAC, including certification of professional accountants carried out by AARL. Entry of AARL to IFAC provides a stable platform for further development of the AARL, participation of AARL’s members in the development of professional standards, as well as ample opportunity to learn from international experiences in the field of accounting and reporting in the work of certified professional accountants of the AARL.


The Association of Accountants of the Republic of Latvia was admitted to the Accountancy Europe (ACE) as a member during the Members’ Assembly in Brussels, Belgium in December 2020. ACE is an international organization located in Brussels that represents 50 institutes of professional accountants and auditors from 37 European countries, including all of the 28 EU Member States.


The association is also a member of the European Accounting Association (EAA), International Association for Accounting Education and Research (IAAER) and European Institute for Advanced Studies in Management (EIASM).


During the years of its activity, the association was recognised not only in Latvia, but also internationally. The association has a long-term cooperation with other institutions and organizations in Latvia, among which are universities, higher educational institutions and schools, the Ministry of Finance, the State Revenue Service, Nasdaq Riga Stock exchange, the Latvian Association of Certified Auditors (full member of IFAC and ACE), the Latvian Chamber of Commerce and Industry, the Employers’ Confederation of Latvia, the Latvian Association of Tax Consultants.


Close collaboration was formed with the Institute of Chartered Accountants in England and Wales (ICAEW), the Association of Chartered Certified Accountants (ACCA), associations of accountants and auditors in Lithuania and Estonia, including on certification issues. The Association is a member of the ICAEW Quality Assurance Network (QAN) and ICAEW Accountancy Profession Strategic Forum (APSF).


The activities, carried out by AARL on a regular basis, are:

  • improvement of members’ knowledge and increase of their qualification level;
  • organization of certification and recertification of professional accountants;
  • organization of courses and seminars for professional development in accounting and related fields;
  • promotion of regulation of accountants’ professional activity in Latvia;
  • participation in the work on improving of the legal framework governing the accounting and reporting and elaboration of draft laws and regulations;
  • participation as experts in accreditation process of various levels of professional education study programs with a specialization in accounting;
  • cooperation with professional associations of accountants from other states on professional issues.


The representatives of association are invited to participate in the workshops, formed by the Ministry of Finance, as the experts to address issues that are important in the state. As an example of last such assignment it is possible to name participation in the development of the “micro-enterprise” concept, as well as “Annual Accounts Law” of the Republic of Latvia. The higher and professional educational institutions regularly address the association with the requests to assess the content of their professional educational programs for the needs of accreditation. Experts of association have also participated in the development of professional standard “Accountant”. Therefore, the association is recognized both by legal decree and by general consensus as being a substantial national professional organization in good standing in the Republic of Latvia.


The association in its activity also recognizes that the development of accounting profession and improvement of accounting skills are impossible without serious scientific research. The association is proud that its members have made a substantial contribution, conducting researches and defending doctoral works on such issues as theory and practice of accounting standards, history of the development and improvement of accounting, development of methods of the financial analysis and regulatory framework governing the conduct of independent audit in Latvia.


As significant events of the last years it is also necessary to mention international activity of the association, for example, participation in the development of accounting standards for small and medium enterprises in the workshop, organized by the European Commission in Brussels, participation in the work of UN UNCTAD ISAR in Geneva, participation in the congresses, organized by the European Accounting Association, as well as international scientific conferences in the European countries. Participants of the association have repeatedly acted on international conferences and forums with abstracts about development of the accounting and financial reporting, system of public oversight of auditing activities, improvement of professional ethics of accountants and auditors, experience in certification of accountants.


At the present moment the certificate of professional accountant of AARL was received by more than 700 accountants, and the process of certification proceeds – every year educating is passed by accountants, who wish to improve their knowledge in accordance with modern requirements and confirm the professional competence, having received the certificate.


Professional accountant’s certificate is issued for five years. In order to receive the certificate repeatedly, recertification is required. A professional certified accountant should to maintain a level of professional qualification in accordance with the AARL Recertification Regulation.