New qualification to rival MBA

The drive to develop a global business qualification, designed to protect the status of the accountancy profession in the business world, was stepped up last week as the representatives of the bodies met in New York.

Grenville Johnston, president of the Scots ICA, who attended, said: ‘It is still in the discussion stage. We are developing a business plan to create a qualification people in business can aspire to after their professional qualifications.’

Johnston denied rumours it will replace national chartered accountancy qualifications, but business consultants point to a clear shift away from core accountancy skills by institutes.

‘Institutes are recognising the role of accountants is semi-redundant and in decline,’ said Gordon Gilchrist, a practice management consultant.

The English ICA was also represented at last week’s talks by its president Graham Ward. They hope to launch the qualification – derived from the word knowledge – in 2003.

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