The main objectives of the Institute are as follows:

• To promote, foster and maintain the highest standards of accounting in public practice, the public service and the commercial and industrial spheres.
• To promote and increase the knowledge, skills and proficiency of its members and students of accountancy.
• To provide facilities for the study of accountancy and make provision for the examinations of persons pursuing courses in accountancy.
• To subscribe to and join and associate with any body or professional organization in any member state or elsewhere whose objects are similar to further the interests of the profession.
• To safeguard and enhance the professional standing, interest and reputation of its members employed in public and private practice.
• To regulate the ethics, etiquette, discipline, professional conduct and standards of its members and students of accountancy.
• To express its views to government, public authorities, other professional organizations and any other body regarding matters affecting its members  and the profession.
• To promote and protect the welfare and interest of the Institute and the accounting profession in the member state.