The global recognition of accounting and auditing qualifications
from different parts of the world is encouraging greater mobility
of professionals, according to a report on the education and
training of accountants.
The report revealed that co-operation between professional bodies,
and the activities of regional bodies and donor agencies has led to
a rise in mutual recognition agreements, which allow accountants to
practice in foreign jurisdictions with greater ease.
Entitled ‘Global Accounting Education’, the report examines the
accounting education provided by 32 of the world’s leading
professional bodies in Europe, Asia, Africa, North America and the
Middle East. It was published by the Centre for Global Accounting
Education, Benchmarking and Research and supported by the Dutch
accountancy institute Royal NIVRA and the Scottish Chartered
Accountants Trust for Education.
The report found the spread of the International Federation of
Accountants’ (IFAC) International Education Standards is allowing
accounting and auditing qualifications from across the world to be
benchmarked against one another, which is driving greater
recognition of less established professions.
Institute of Chartered Accountants of Scotland executive director
of education Mark Allison said the globalisation of accounting
knowledge offers big opportunities to accountants in emerging
regions such as China and India. He added: “We are entering new
territory, where the professional accounting skills of someone in
Perth, Australia are the same as a chartered accountant in Perth,
Scotland… Most of all, it is good news for the capital markets to
which professional accountants provide assurance and
stability.”
Gert Karreman, who was responsible for the basic research,
observed: “It is amazing how quickly the IFAC International
Education Standards [IES] have been accepted as the standard for
the qualification of accountants all over the world. The IES
increasingly are the basis of international co-operation between
countries and between professional bodies and universities. The
combination of professional and academic expertise is one of the
pillars of the accountancy profession.”
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