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European institutes boost harmonisation

31 Dec 08

Nine of Europe’s top accountancy institutes, including the Institute of Chartered Accountants of Scotland (ICAS) and the Institute of Chartered Accountants in England and Wales (ICAEW), have taken a signi?cant further step towards harmonising quali?cations for membership

Their qualifications have reached the high degree of consistency required by the Common Content project of the nine bodies and each has met the requirements for its continued membership. The announcement comes after a rigorous self-assessment process by each institute and a detailed review by teams from other institutes.

The bodies concerned stress that their qualifications remain high quality and continue to meet changing public expectations.

Announcing the results, Dominique Ledouble, chairman of the Common Content steering group, said: “The incorporation of Common Content requirements into nine of Europe’s premier professional accountancy qualifications will result in a new generation of accountants whose international knowledge and professional experience has been assessed using a common high-quality syllabus.”

Common Content qualifications focus on the five service areas of professional accountants: assurance and related services; performance measurement and reporting; strategic and business management; financial management; and taxation and legal services.

They include content which is common to all the qualifications and which meets or exceeds relevant international, European Union and national requirements.

Michael Izza, chief executive of the ICAEW, said: “As barriers to doing business between markets in European continue to fall, it will be important for members of our institutes to be able to work across borders.”

 

ICAS chief executive, Anton Colella said: “We now want to extend the project to other national institutes which share the same philosophy as our own and whose qualifications meet Common Content requirements. We will look to first bring in other EU member states that are currently not represented in the project as well as countries outside the EU.”

The Common Content project started in 2001 and involves leading accountancy professional bodies, including France’s Compagnie Nationale des Commissaires aux Comptes as well as those mentioned in the table.

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ICAS | ICAEW | Anton Colella | Michael Izza

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