The prediction comes as the institute launches its ‘new economy model’ qualification in response to the changing demands on accountants.
Executive director of education and training, Brian Chiplin, said: ‘There were too many holes in the previous system.’
The new qualification will use the institute’s own materials for the first time which Chiplin says will ‘remove a considerable amount of uncertainty’ between syllabus and final exams.
Chiplin said: ‘We will for the first time, provide teaching materials as part of a broader thrust towards closer integration of the courses and examinations.’
The education team putting together the new qualification has faced growing scepticism, both internally and externally, in the lead-up to today’s launch.
But, Chiplin said: ‘I can genuinely say that we have achieved our goal. These last 24 months have had something of the epic about them. The struggle to win hearts and minds, to convince a sceptical audience that we could deliver. Defections to the north of the border, detractors from the press, knife-edge deadlines and a seemingly impossible delivery date.’
Materials for the advanced level of the new qualification which entail the more business-oriented aspects of the course will not be available until next summer.
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