Working together on a new gold standard
ANTON'S ACCOUNT: The new Integrated Qualification in Audit is an example of partnership in action.
Many of you will have seen the announcement on our new partnership with CIPFA. I thought it would be worth explaining more about it.
The first initiative is a ground-breaking Integrated Qualification in Audit (IQA). The qualification will meet the needs of accountants working in audit, in both the private and public sectors.
This is an exciting and innovative agreement between our two institutes. It creates a new gold standard in audit and a new dual designation from ICAS and CIPFA for the graduates of this qualification.
It struck me when we were signing this agreement how well collaboration and co-operation can sit alongside competition in a business model.
We see powerful examples of this in the corporate world. Look at occasions where competitors have worked together and what business can learn from this.
In our case, both parties have brought unique strengths to this partnership and it was an important moment for ICAS when I launched the IQA with CIPFA CEO Rob Whiteman last month.
This new qualification, like others we have developed recently, expands the scope and depth of our education offering. This is vitally important if we are to stay ahead of the curve in ensuring the future of the profession.
As Henry Ford said: "Coming together is a beginning, staying together is progress and working together is success."