RegulationAccounting StandardsChinese institute recruits ACCA

Chinese institute recruits ACCA

Second training deal signed with UK institute

The Association of Chartered Certified Accountants will train university
accounting teachers in China to help the country deal with a chronic shortage of
accountants.

The deal was struck between the ACCA and Chinese Institute of Certified
Public Accountants (CICPA) this week and is the second foreign deal with a UK
body the Chinese institute has secured.

The CICPA has already signed a deal with the ICAEW, which will allow about 50
students each year to ‘top up’ their Chinese qualification with additional
training.

According to the FT, there are 7,600 students at the 22 Chinese
universities currently studying for the certified public accountant
qualification, which was established in 1994.

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