The Lao Institute of Certified Public Accountants (LICPA) was established in 1998 by the Prime Minister′s Decree number 161/PM dated 26 August 1996. This institute has astatus of a social organization under the supervision of the Ministry of Finance. Tis main role is to mobilize, train and gather professional accountants, in order to promote and develop the accountancy profession and protect rights of accountant who practices in compliance with laws and regulations. LICPA with the cooperation of Ministry of Finance also organizes CPA training course.