The Confederation of Asian and Pacific Accountants (CAPA) is pleased to announce Dr. Chen Yugui from the Chinese Institute of Certified Public Accountants (CICPA) as the new President for the next two years. He takes over the helm from Manoj Fadnis representing the Institute of Chartered Accountants of India.

Dr. Chen is currently the Executive Deputy President of CICPA. He was also the former Secretary General of CICPA, a position he has held since 2002. Prior to joining CICPA, he was the Deputy-Director General of Accounting Regulatory Department of the Ministry of Finance of the P.R. of China. Dr. Chen first served on the CAPA Board in 2003-2005 and returned to serve again in 2017. He also served as a Board member of the International Federation of Accountants (IFAC) from 2003-2009 and 2013-2015.

Outgoing President, Manoj Fadnis, commented, “Dr. Chen is very passionate about the accountancy profession in the region. With his extensive knowledge in the development of China’s accountancy profession and deep experience in international cooperation, I am certain that he will provide valuable insights for CAPA to implement its strategies competently.

In his address, Dr. Chen expressed gratitude to CICPA for supporting his nomination as CAPA President. He invited all CAPA members to contribute ideas, thoughts and experience that can assist with implementing CAPA’s strategy towards 2025. “I am confident that with our joint efforts, we will bring this organisation forward and closer to its goals,” he remarked. Lastly, he thanked outgoing President and the retiring Board members for their contribution and professionalism in leading CAPA throughout their term of office.

Meanwhile, the Board elected Jim Knafo as Deputy President. Jim is currently the Director of International Affairs of the American Institute of Certified Public Accountants (AICPA). Jim has been a director on the CAPA Board and a member of CAPA’s PAO Development Committee since late 2014. He is also a member of CAPA’s Governance & Audit Committee since 2016. Jim expressed his utmost gratitude to AICPA and CAPA for this nomination and election as Deputy President. Representing a PAO from one of the largest countries in the Pacific region, Jim aspires to share his knowledge and experience to assist CAPA in rolling out its initiatives.

CAPA Chief Executive, Brian Blood, looks forward to working with both new leaders noting that it will be exciting times ahead for CAPA. “Both leaders represent some of the largest PAOs in our region, and it will be important for CAPA to address the needs of both developing and developed PAOs as we move along working on the areas specified in our strategic plan. I am positive that both leaders and their PAOs will provide the appropriate guidance and support to CAPA as we progress,” he added.

The list of newly elected Board members is available at this page: About Us > Board Members.