relevance and rigor governance - british council · 1. domains of professional accountants 2....

The global body for professional accountants

RELEVANCE AND RIGOR

THROUGH STRONG

GOVERNANCE

The global body for professional accountants

AGENDA

1. Domains of Professional Accountants

2. Competency Framework

3. Quality Assurance

4. Collaboration Model with Higher

Education Institutions

The global body for professional accountants

Source: IFAC Information Paper – The Roles and Domains of Professional Accountants in Business

The global body for professional accountants

The Complete Finance Professional.

The global body for professional accountants

• Ability to perform work to a defined

standard with reference to working

environment

Employability

Competency

A link between accounting

education and the profession

The global body for professional accountants

Five technical competence

headings and five behavioral

headings

Leadership and management.

Law and taxation.

Sustainable management accounting.

Corporate reporting.

Strategy and innovation.

Financial management.

Audit and assurance.

Stakeholder relationship

management.

Governance, risk and control.

Professionalism and ethics.

Competency Framework

The global body for professional accountants

IFAC International Education Standards (IES)

Benchmark to International Standards

IES1: Entry

requirements

IES2: Content

IES3:

Professional

Skills & General

Education

IES4:

Professional

Values, Ethics &

Attitudes

IES5: Practical

Experience

Requirements

IES6:

Assessment of

Capabilities and

Competence IES7: Continuing

Professional

Development

IES8:

Competence

Requirements for

Audit

Professionals

The global body for professional accountants

An Integrated Model Exam

Experience Ethics

• Technical skill

• Communication skill

• Critical thinking skill

• Risk management skill

• Organisational skill

• Strong ethics

• IT skill, etc….

Profession

lead through Research & Insights

Life long learning - CPD

The global body for professional accountants

Quality assurance.

The global body for professional accountants

Content and Assessment

• Create syllabus and exams

• Internal and external subject experts

• External examiners

The global body for professional accountants

Examining Team Roles

• Examiner

• Assessor

• Qualifications Technical Adviser

• Subject Co-ordinator

• Sitter

• Marker Team Leader

• Marker

The global body for professional accountants

PAPER PRODUCTION

PROCESS

EXAMINER

PRODUCES 1st

DRAFT

REVIEWED BY:

Assessor (ext)

Subject co-ordinator (ext)

Quals technical adviser

(ACCA)

2nd DRAFT

PANEL MEETING:

Head of Quals

Exam production mgr

Quals technical adviser

Subject examiners

Subject assessors

Subject co-ordinator

AGREED VERSION

REVIEWED BY:

Assessor

Quals tech adviser

Subject co-ordinator

AGREED VERSION

SENT TO SITTER

FINAL AMENDS

SIGN OFF

Executive Team

Internal

Audit Strategic

Risk

Mgt

Operational Process Governance Group

Issue

Escalation

Quarterly

Reporting

Risk

Escalation

Strategic

Guidance

Contingency

Governance

Exam Session

Review

Operational

Governance

Internal

Audit

Governance

Exams Process Group

Operation

al

Planning

Issue

Managemen

t

Risk

Management

Supplier

Manageme

nt

Service

Performanc

e

Contingency

Planning

Lessons

Learned

Highlight

Reporting

Incident

Comms

Exam Entry

Exam Session

Setup

Exam Session

Marks Processing

Results Moderation

Results Finalisation

Results Release

Appeals

Exam Production

Qualifications Committee

External Regulators

Risk Registers Service Delivery

Learning

IT

Operational Plans Service Delivery

Learning

IT Strategic

Direction

The global body for professional accountants

External Regulation

• International Federation of Accountants

(IFAC)

• Financial Reporting Council - Professional

Oversight Team (UK)

• Quality Assurance Agency (UK)

• External Examiners

• Education Framework Regulators

The global body for professional accountants

Importance of CPD

• Unit route

• Approved employer route

• Other IFAC body route

The global body for professional accountants

Collaboration with HEIs.

The global body for professional accountants

Synergies Creation

• Rounded education, with academic skills taught

side by side with professional qualification

• Build continuous networks to ensure graduates

can get suitable work placements through

ACCA’s international network, its members and

approved employers

• Access to ACCA research and thought

leadership which is renowned for its academic

excellence and relevance to the accounting and

business agenda

The global body for professional accountants

Brand building

Employer

recognition

University

partnership

Value Proposition

ACCA employers

We work with over 8,500 employers to help build their finance capability

Global ACCA Approved Employers

3i Group Diageo Procter & Gamble

Accenture F. Hoffman-La Roche RSA

American Express Services GE Rolls-Royce

Arup Group Goldman Sachs International Shell

AstraZeneca HSBC Holdings Standard Chartered Bank

BAE Systems Hewlett Packard Standard Life Assurance

BP IBM Finance Thomson Reuters

BT JPMorgan Chase UBS Investment Bank

Barclays Bank Kerry Group Unilever

British American Tobacco Lloyds Banking Group Verizon

Cisco Systems Microsoft Vodafone Group

Deutsche Bank Philips W S Atkins

The global body for professional accountants

Some of the People We Work With

The global body for professional accountants

CONTACT Rachel Chee

rachel.chee@accaglobal.com

www.accaglobal.com

The global body for professional accountants

Thank you!