The Institute of Certified Public Accountants following a decision of the Ministry of Finance and Economy is responsible for the organization and conduct of professional examinations for the practicing license as regards the profession of Certified Public Accountancy (Statutory Auditing). These examinations are conducted by the five-member Examination Board, which is nominated by decision of the Ministry of Finance and Economy and are under the supervision and control of ELTE. Also with a regulatory act by ELTE the Institute of Certified Public Accountants had been charged with keeping the public register of Certified Public Accountants.