The Chartered Institute of Public Finance and Accountancy (CIPFA) and the Institute of Chartered Accountants of Scotland (ICAS) have today opened a new initiative that allows UK exam-qualified CIPFA members to attain joint accreditation and membership from both Institutes.
The joint CIPFA/ICAS initiative is intended to give CIPFA members the opportunity to enhance their professional accountancy status in an increasingly mixed economy for public service commissioning, and to reflect proficiency in professional practice across public and private sectors.
The move will lead to the dual designation of Chartered Public Finance Accountant (CPFA) and Chartered Accountant (CA) for successful applicants.
Rob Whiteman, CIPFA Chief Executive, said:
“I’m proud to announce this landmark initiative with ICAS. It adds value to our members, both in CIPFA and ICAS, and we are confident it adds value for employers as well. Organisations can continue to develop their public sector specialist in-house capacity, and extend capabilities across corporate sector activities. This is increasingly important with the ongoing reconfiguration of public services.”
Anton Colella, ICAS Chief Executive, said:
“What we have today is a highly mobile accountancy profession. We are increasingly seeing people moving careers at least five, six, seven times in their professional life, and anything that could add to the leverage they have in that process is a very exciting prospect.”
UK exam-qualified CIPFA members will be able to express their interest in obtaining the joint accreditation from 1 June 2016.
This announcement builds on the success of an earlier CIPFA/ICAS collaboration, which launched the Integrated Qualification in Audit (IQA). This integrated accountancy and audit syllabus offers joint membership of both institutes, CA and CPFA dual designation and qualifies graduates in both company and public sector audit qualifications.
For media enquiries contact the CIPFA press office on T: 020 7543 5830/07833 091 303 or E: firstname.lastname@example.org.
The Chartered Institute of Public Finance and Accountancy (CIPFA) is one of the leading professional accountancy bodies in the UK and the only one which specialises in the public services. It is responsible for the education and training of professional accountants and for their regulation through the setting and monitoring of professional standards.
Uniquely among the professional accountancy bodies in the UK, CIPFA has responsibility for setting accounting standards for a significant part of the economy, namely local government. CIPFA’s members work (often at the most senior level) in the public service bodies, in the national audit agencies and major accountancy firms. They are respected throughout for their high technical and ethical standards and professional integrity. CIPFA also provides a range of high quality advisory, information and training and consultancy services to public service organisations. As such, CIPFA is the leading independent commentator on managing and accounting for public money.
ICAS is a professional body for more than 21,000 world class business men and women who work in the UK and in more than 100 countries around the world. Members have all achieved the internationally recognised and respected CA qualification (Chartered Accountant). ICAS is an educator, examiner, regulator and thought leader. Almost two thirds of ICAS' working membership are in business; many leading some of the UK's and the world's great companies. The others work in accountancy practices ranging from the Big Four in The City to the small practitioner in rural areas.