A subsidiary of the Consultative Committee of Accountancy Bodies, the Board, supervises the joint accreditation process of accountancy courses and degrees for ICAEW, ICAS, CIMA and CIPFA.
It’s been around for 30 years, during which time it has helped raise the profile of the profession and the credibility of accountancy degrees.
But, according to Brian Chiplin, ICAEW’s executive director of education and training: ‘The changing environment for higher education provision has led to a reduced demand for the service.’
The Board was responsible for accrediting academic courses with an accounting specialism for exemption from some professional exams.
Chiplin said: ‘Individual professional accountancy bodies will now review their own individual approaches with universities.’
Roland Kaye, chair of the Board, said he regretted the closure but recognised the changing climate for the accounting profession and the impact of revised quality assurance systems now being implemented through QAA and QCA.
Chiplin added: ‘We will work closely with the staff concerned to handle the transition period sensitively.’
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