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Participant Countries and Bodies

The Qualifications Unification Project aims to unify qualifications within the participant countries and bodies. The primary objectives include maintaining high quality, defining common content, and meeting public expectations. Secondary objectives include meeting employer and client needs, improving member mobility, and fostering cooperation between institutes. The project focuses on common learning outcomes, national content, and 5 pillars of learning outcomes and knowledge. Challenges and principles for debate include the benefits of the project proposals, the services provided by newly qualified accountants, the approach to IFRS and ISA, and the project's alignment with the public interest agenda. Consultation is ongoing with targeted and open comments invited.

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Participant Countries and Bodies

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  1. Participant Countries and Bodies Germany IDW, WPK France OEC Netherlands NIVRA Italy CNDC Ireland ICAI Scotland ICAS England ICAEW

  2. Primary Objectives • Unification of qualifications • Maintain high quality • Meet public expectations • Define and agree common content • Embrace national content

  3. Secondary Objectives • Above other benchmarks • Meet employer, and their client, needs • Provide improved opportunities for member mobility • Create environment for cooperation between institutes

  4. What is Common Content • Service areas and 5 pillars of learning outcomes and knowledge – common and national material • Professional competencies including values and ethics • Personal skills • Quality of practical experience and standards of training approval • Integrated competencies • Joint oversight panel

  5. Common LearningOutcomes (02-05) Syllabus(03-05) Assessment oversight(05-06) National Content(04-06) Common ContentProject Governance(05-06) Skills and Attitudes(05-06) Consultation and Communication (03 - ) Wider Participation(05-07)

  6. Pillars 5 areas set in services provision Learning Outcomes Associated direct knowledge and Cross Pillar outcomes Underpinning professional knowledge and General Business Knowledge Core language and numeracy skills

  7. 5 Pillars • Assurance and related services • Performance measurement and reporting • Strategic and business management • Financial management • Taxation and legal services

  8. Challenges and Principles to Debate • Do employers and members agree with the benefits the project proposals claim? 2. Do newly qualified professional accountants provide the defined services to the breadth and depth set out? 3. Is the approach taken to the prescription of IFRS and ISA correct? 4. Is this a European only project?

  9. Challenges and Principles to Debate 5. If the bar to qualifying is raised – who pays? 6. Will current, and prospective, participating bodies be prepared to cede sovereignty over their qualifications? 7. How does the project rest with the public interest agenda in particular EU, oversight boards and IFAC positions?

  10. Consultation 2005 Jan - Launch and open invitation to comment Feb – Jun - Targeted consultation Mar – Jun - Participating bodies technically reviewing learning outcomes and syllabus Deadline for technical comments – June 30th

  11. Consultation 2005 Aug - Nov - Consideration of technical comment by Task Force Open comments – www.commoncontent.com Comment directly to the project manager David Cairns or to named national contacts

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