The Federation of Mediterranean Certified Accountants / Fédération des Experts Comptables Mediterranéens – FCM (www.fcmweb.org), represents the accountancy profession in the Mediterranean area. Its membership consists of 21 professional institutes of accountants from 16 Mediterranean countries (Albania, Bulgaria, Cyprus, Egypt, France, Greece, Israel, Italy, Kosovo, Malta, Morocco, Romania, Serbia, Spain, Tunisia, Turkey), plus two associate members, ACCA and FIDEF. FCM member bodies are present in 8 member states of the European Union, and represent more than 320.000 professionals. 19 FCM Member Bodies are IFAC members.

FCM is a non-profit association created at the end of 1999 on the initiative of a number of leaders of national accounting institutes in the Mediterranean area. FCM is the only representative organisation of the accountancy profession in the Mediterranean and is also the regional organisation with the widest representation overall in the area.

FCM’s mission is to promote co-operation among the professional accountancy bodies in the region, both in the private and in the public sector, to share knowledge and provide technical assistance to members to help them achieve and maintain high professional and quality assurance standards. In particular, as a regional organisation, FCM’s mission is to consider the professional themes in the regional context, with the ultimate goal of contributing to the economic developments of the region and to the implementation of a more integrated and competitive market between the Mediterranean countries

FCM believes that the accountancy profession, in its global dimension and with an advisory responsibility for business around the world, has the possibility to play a key role in addressing the integration and development challenges in the Mediterranean market. Accountants have the privileged position to understand the business’ needs and can act as a facilitator of a fruitful cooperation between the public authorities and the business community. Through FCM, the accountancy profession is deeply committed to play a significant role in the development of a Mediterranean market.

The main objectives of the Federation are:
• To promote co-operation among the professional accountancy bodies in the Mediterranean region in relation to issues of common interest in both the private and the public sector.
• To allow the professional accountancy bodies of the Mediterranean area to act in concert with regard to the international evolutions affecting the accountancy profession.
• To provide technical assistance to members and assist them in achieving or improving high professional and quality assurance standards.
• To arrange the holding of periodic congresses and seminars so as to enable members of the Mediterranean accountancy profession to meet one another in an environment which facilitates discussion and the interchange of ideas concerning the profession and, in addition, to direct attention to and inform members of the profession in the Mediterranean region about developments in relevant fields.