ACCA (the Association of Chartered Certified Accountants), the global body for professional accountants, and CFA Institute, the global association of investment professionals, agreed a three-year Memorandum of Understanding (MoU) today, establishing a programme of focused activity that will see both bodies collaborating on a number of key developments.
Helen Brand OBE, chief executive of ACCA and Paul Smith CFA, president and CEO of CFA Institute signed the agreement, witnessed by Leo Lee, ACCA’s President and Robert W. Jenkins, FSIP, Chair of the Board of Governors of CFA Institute.
The MoU makes CFA Institute the first professional investment management body to enter into an agreement with ACCA, which will see the two bodies focusing on important issues for both professions, such as ethics and professionalism, Continuing Professional Development (CPD) and thought leadership, exploring areas of common interest across research and professional insights work.
ACCA and CFA Institute will also seek to host joint events and webinars, working to showcase the public value of both professions and the need for collaboration between accountants and financial advisers.
Helen Brand commented: ‘I’m delighted CFA Institute is the first professional investment management body to sign a MoU with ACCA. Our values align very closely, as we are both working globally to deliver the highest ethical and professional standards, ensuring our members deliver public value for the benefit of their employers, and customers. The tangible value of both ACCA and CFA members lies in their integrity, professionalism and the expertise they’ve cultivated through our rigorous qualifications and their on-going commitment to CPD.’
Paul Smith at CFA Institute said: ‘We at CFA Institute are delighted to mark the signing of the Memorandum of Understanding between our two great organisations. CFA Institute and ACCA share the same values and we certainly have similarities in our missions. It makes perfect sense that we should formally mark our future cooperation, and we look forward to partnering with ACCA as we jointly work to enhance our respective professions.’
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ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
ACCA supports its 200,000 members and 486,000 students in 180 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 101 offices and centres and more than 7,200 Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.
ACCA is currently introducing major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally.
Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. More information is here: www.accaglobal.com
About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. Our aim is to create an environment where investors’ interests come first, markets function at their best, and economies grow. There are more than 150,000 CFA charterholders worldwide in 165+ countries and regions. CFA Institute has eight offices worldwide and there are 151 local member societies. For more information, visit www.cfainstitute.org or follow us on Twitter at @CFAInstitute and on Facebook.com/CFAInstitute.