The Institute of Public Accountants (IPA) is a professional organisation for accountants recognised for their practical, hands-on skills and a broad understanding of the total business environment. The Institute of Public Accountants is a progressive, responsive accounting body committed to integrity, professionalism and professional development. It represents more than 24,000 members and students working in industry, commerce, government, academia and private practice. The Institute of Public Accountants formed in 1923 and is one of the three professional accounting bodies recognised by Australian legislation.