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Increasing our international footprint (1 of 3)
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As the reach of our membership increases we must increasingly see the world as our home market. Going forward our reputation will depend on the spread and quality of our international organisation. Student numbers will, of course, continue to be a factor, but not at the expense of quality. In order to retain our ability to influence at the highest levels we need to ensure that the Institute continues to be regarded as the leading institute among the local finance community in each of the regions or markets we choose to develop. We will also continue to work with governments and regulators in these jurisdictions as we have done so successfully to date within the UK and Europe. In 2006, we took a number of important steps to set us on that path. |
Training China’s elite
In June we signed an agreement with the Chinese Institute of Certified Public Accountants (CICPA) which will involve the Institute providing a 24-month ACA top-up programme intended to augment the CICPA qualification. Those training for the ACA will also study business English and have the opportunity to take up a one year placement in the UK. The Chinese authorities are keen to tackle an acute shortage of accounting professionals. By enabling Chinese accountants to take the ACA, the Institute is playing its part in tackling this demographic challenge which in turn will help with the market reforms China is currently implementing. In order to help Chinese finance professionals transition towards the adoption of IFRS we have also translated our IFRS qualification into Mandarin.
Moscow – setting new standards
We want the ACA to be seen as highly aspirational across new markets. As a rapidly growing economy, Russia is an important part of our international development strategy. Again, we have begun to train the very highest calibre students and as in Beijing, we have also appointed our own representative on the ground so that we can fully support the local market.
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