The Scots ICA has announced a joint venture with BPP Holdings plc in the run-up to the launch of its revamped qualification this autumn.
The move also follows a massive increase in the number of trainees which will undertake the institute’s training course after Ernst & Young and PricewaterhouseCoopers unveiled plans to move hundreds of their students from the English ICA.
Speaking on the announcement of the joint venture, David Brew, the Scots Institute’s new chief executive, said: ‘BPP’s standing both in the UK and internationally provides a natural synergy with ICAS education activities. This venture will protect the consistency of ICAS education delivery and open up the opportunity for rapid advancement in delivery techniques.
BPP, a business training group, has helped thousands of accountants through their professional exams. James Cooper, BPP managing director, said: ‘The provision of CA education has historically been carried out exclusively by the Institute. The joint venture provides BPP with a marvellous opportunity to become involved with one of the world’s foremost professional accountancy bodies.’
The English ICA suffered a severe blow to its reputation earlier this year when Big Five firms, Ernst & Young and PricewaterhouseCoopers, told a large proportion of their students that training would take place at the Scots ICA from the autumn.The oldest professional accountancy body in Europe, the Scots ICA increased its annual student intake from 400 to 650 after reaching a deal to provide training to all the firm’s students at Ernst and Young from the autumn. PwC will train around 285 students from this year’s intake with the Scots Institute, representing about a third of the total intake.
According to PwC, the only thing that is holding them back from training more students at the Scots Institute is its lack of training centres south of the border. The institute has plans to open up centres in Bristol and Manchester, but for now it only has locations in Birmingham and London.