relevance and rigor governance - british council · 1. domains of professional accountants 2....
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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
www.accaglobal.com
The global body for professional accountants
Thank you!
