ACCA - The global body for professional accountants
Essentially, accountants are vital to deliver financial trust and public value - acting in the public interest, promoting ethical business and supporting economic growth. Their understanding of financial reporting standards used around the world ensures that the profession is consistent in their approach to their work, and so that they have transferable skills to be used wherever they may go in their careers
—Toby Moseley, portfolio head of Latin America and Turkey, ACCA

The growth and development of the accountancy profession in Colombia has been bolstered by a Memorandum of Understanding being signed between INCP (Instituto Nacional de Contadores Públicos de Colombia), Colombia’s national accountancy body, and ACCA (the Association of Chartered Certified Accountants).

The MOU will help more people into the accountancy profession, through ACCA’s support of implementing international financial reporting standards in Colombia, as well as training and certification in this important discipline and international audit through ACCA’s online certificates and exams.

Toby Moseley, ACCA’s portfolio head of Latin America and Turkey, signed the MOU with Hugo Ospina, president of INCP.

Toby Moseley said: 'This prestigious partnership will help to accumulate more accountants in Colombia where there is a high demand for finance professionals. 

'Essentially, accountants are vital to deliver financial trust and public value - acting in the public interest, promoting ethical business and supporting economic growth. Their understanding of financial reporting standards used around the world ensures that the profession is consistent in their approach to their work, and so that they have transferable skills to be used wherever they may go in their careers.

'This is all a part of ACCA’s ethos of being accessible to everyone who has the ability and skills to be a complete finance professional.'

The collaboration also means that INCP members will be given access to ACCA’s reports and articles, to further enhance their knowledge and skills.

Hugo Ospina, president of INCP said: 'This Memorandum of Understanding is just the starting point of INCP’s effort in Colombia to internationalise the profession in order to reach a competitiveness level that is parallel to the new market demands and corporate dynamisms –all under international standards. At INCP we acknowledge and value ACCA’s experience, prestige and high professional dynamism and we believe that this cooperation will bear fruit for the profession in our country.'

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For more information, please contact:

Juan Miguel Vásquez, Executive Director INCP
incpcol@incp.org.co
Tel: (571) 7551919
Bogotá - Colombia

Alana Sinnen, ACCA Newsroom
tel: + 44 (0) 207 059 5807
mob: +44 (0) 7715 812120
Twitter @ACCANews
alana.sinnen@accaglobal.com

Notes to editors

About ACCA

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. We aim to offer 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. 

We support our 170,000 members and 436,000 students in 180 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. We work through a network of 91 offices and centres and more than 8,500 Approved Employers worldwide, who provide high standards of employee learning and development. Through our public interest remit, we promote appropriate regulation of accounting and conduct relevant research to ensure accountancy continues to grow in reputation and influence. 

Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. We believe that accountants bring value to economies in all stages of development and seek to develop capacity in the profession and encourage the adoption of global standards. Our values are aligned to the needs of employers in all sectors and we ensure that through our qualifications, we prepare accountants for business. We seek to open up the profession to people of all backgrounds and remove artificial barriers, innovating our qualifications and delivery to meet the diverse needs of trainee professionals and their employers. 

About Instituto Nacional de Contadores Públicos de Colombia

The Instituto Nacional de Contadores Públicos de Colombia is the largest association of accountants in Colombia, with more than 8,500 members throughout the country. As the only member in Colombia of the International Federation of Accountants -IFAC, as well as sponsor of the Inter-American Accounting Association, the INCP promotes the use of international standards issued by IFAC and IASB. INCP also acts as a consulting body of the National Government by facilitating the use and dissemination of such standards in Colombia. Our multidisciplinary value offer is distributed on a daily basis to more than 15,000 accountants, thus providing knowledge and competence to those who use it.