The Instituto de Contabilidad y Auditoría de Cuentas is the Spanish body responsible for accounting standards and for the oversight of statutory audit. It operates under the Ministry of Economy, sets and interprets Spanish accounting rules, maintains the ROAC register of authorised auditors, supervises audit firms on a risk basis, and administers the professional examinations required for entry to the profession.
What the ICAC publishes
- Resolutions developing the Plan General de Contabilidad on specific accounting questions
- The BOICAC, its official bulletin, carrying binding answers to technical consultations
- Audit oversight outcomes, including disciplinary decisions against auditors and firms
- Criteria on auditor independence and incompatibility
- The ROAC register of authorised auditors and audit firms
- Consultation documents and studies produced with academic partners
Why it matters for compliance teams
The BOICAC consultations are the practical reference for Spanish accounting treatment. A question answered there settles how a transaction is recognised in Spanish statutory accounts, and those answers are not always intuitive from the Plan General alone. For audit firms, the ICAC's independence criteria and disciplinary decisions define the operating boundary.
Seqlense DOC indexes ICAC resolutions and BOICAC bulletins in full text alongside the EU audit and accounting instruments they implement, so finance and audit teams can find the Spanish position without searching the bulletin archive by hand.