Want to add to your professional portfolio? The proposed global credential - an option for CPAs.Businesses today expect professional service providers to offer a broad business perspective and deliver value-added solutions to an expanding array of opportunities. There is a clear market need for professionals who can manage a rapidly changing business environment and provide solutions that integrate broad strategic business issues. Many CPAs have eagerly entered this dynamic arena of knowledge-based advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal and would like to complement their existing credential--which is exactly the intent of a new global credential credential verb To determine or verify titles, qualifications, documents, completion of required training, and continuing education, in those persons who function in a professional or official capacity–eg, ER physician, neurosurgeon, etc. Cf Credentials. under consideration by an international consortium of accounting institutes. By combining the unique value of the CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. with an additional credential that is global and interdisciplinary in nature, individual professionals would have the opportunity to further validate their business advisory capabilities and increase their value in a new economy. Professionals who choose to obtain the credential would be distinguished by their proven ability to integrate knowledge from many functions and disciplines and thus develop strategic business solutions that create economic value. The proposed credential--also referred to as the "XYZ XYZ interj. Informal Used to indicate to someone that the zipper of his or her pants is open. [ex(amine) y(our) z(ipper).] " credential--is the focus of an initiative sponsored by the AICPA AICPA See American Institute of Certified Public Accountants (AICPA). , the Canadian Institute of Chartered Accountants The Canadian Institute of Chartered Accountants (CICA) is the umbrella body for the Chartered Accountant profession in Canada and Bermuda. Membership of the CICA totals 70,000 Chartered Accountants and 8,500 students. , the Institute of Chartered Accountants char·tered accountant n. Chiefly British Abbr. CA A member of one of the institutes of accountants granted a royal charter. in Australia and the Institute of Chartered Accountants of New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . Other international accounting bodies are expected to join the effort in the near future. Designed to stand alongside existing graduate degrees and certifications, the proposed credential has distinctive characteristics: * First, it is interdisciplinary, requiring that applicants integrate knowledge from a variety of business disciplines and cultures. * Second, it is experience-based, requiring that applicants have several years of real-life working experience. * Third, it would be globally recognized. * Fourth, it requires continuing learning and assessment. * Fifth, it includes a strong emphasis on high ethical standards. * Finally, the new credential would complement and not replace existing credentials such as CPA, IT Professional or Business Lawyer. The Proposed Global Credential: A Closer Look The new credential will be interdisciplinary. Credential holders will have the proven ability to integrate knowledge from a variety of business disciplines and cultures. Although it is expected that many of the initial credential holders will be CPAs, the new credential also will be open to individuals who possess the requisite educational background, skills and work experience, and, eventually, pass a thorough exam. Those individuals who seize the opportunity early, during an interim period, will be able to obtain the credential by completing a rigorous self-assessment, subject to random audit, rather than an examination. The new credential will be global. In a knowledge-based global economy, geographical boundaries are becoming less important. The new credential will be globally recognized--comprising a set of globally consistent competencies and values. The new credential will complement and not replace existing credentials. The CPA brand will continue and the AICPA is committed to strengthening its value in the marketplace. Business experts who wish to be further recognized for their abilities to help people and organizations achieve their objectives through the strategic use of knowledge or knowledge management systems are likely to seek the new credential. Although some may choose to use the new credential on a stand-alone basis, it is expected that most will use the credential in conjunction with the CPA designation, a law degree or some other professional accreditation. The new credential is not related to financial reporting nor will it have an impact on U.S. GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). . The CPA will retain the exclusive license to perform attest To solemnly declare verbally or in writing that a particular document or testimony about an event is a true and accurate representation of the facts; to bear witness to. To formally certify by a signature that the signer has been present at the execution of a particular writing so as in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The XYZ credential in fact is not a license to perform services of any kind; the credential is instead based on the recognition of a competency COMPETENCY, evidence. The legal fitness or ability of a witness to be heard on the trial of a cause. This term is also applied to written or other evidence which may be legally given on such trial, as, depositions, letters, account-books, and the like. 2. platform. The new credential will require mastery of a concrete and identifiable body of knowledge. An international consortium is developing requirements that would invest the global credential with the body of knowledge it needs to be effective. Initially, professionals who possess these competencies and a requisite educational background and work experience will be able to acquire the new credential by submitting a comprehensive self-evaluation and a declaration of their work experience and commitment to the credential's ethical and professional development standards. Ultimately, the entry process will include an online examination. The new credential will include continuing education continuing education: see adult education. continuing education or adult education Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904). and assessment requirements and require compliance with the highest ethical standards. These requirements and standards will be similar to those required of AICPA members, and the educational Content will be broader. And there will be periodic self-evaluations of a person's qualifications to retain the credential. The new credential will be administered by a global organization and not the AICPA. This newly created private organization would authorize To empower another with the legal right to perform an action. The Constitution authorizes Congress to regulate interstate commerce. authorize v. to officially empower someone to act. (See: authority) national credential granting bodies to oversee admissions, professional standards and the code of ethics Code of Ethics can refer to:
adj. Sustaining an original intensity or maintaining full force with no decrease: an unabated windstorm; a battle fought with unabated violence. . The new credential will be funded by dues paid only by those individuals who voluntarily choose to obtain the XYZ credential. Member Information Initiative The AICPA has begun implementing a comprehensive member information effort for the credential as requested by Council. To coordinate and drive the effort, the Institute has launched a Member Information Center. Among other activities, the center maintains a dynamic Web site, www. globalcredential.aicpa.org. The Web site features a description of the credential; links to the consortium's white paper and an article on how the credential adds value to the CPA profession; frequently asked questions; and a feedback section where members can share their views. It also will include results of comprehensive research into the supply and demand for the credential, as mandated by Council. Questions, concerns or suggestions regarding the credential, Web site or presentation support can be transmitted by calling the information center at (202) 434-9263 or through e-mail at globalcredential@aicpa.org. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion