Belgian accountancy body accepted as full member of Common Content Project
The Instituut van de Bedrijfsrevisoren-Institut des Réviseurs d'Entreprises (IBR-IRE) has been accepted as a full member of the Common Content Project after successfully completing the Project’s compliance process.
In addition, the Krajowa Izba Biegłych Rewidentów (KIBR), the main body of accounting and auditing practitioners in Poland, has become an associate member.
Hans van Damme, Chair of the Steering Group, the governing body of the Common Content Project, said: “I would like to congratulate the IBR-IRE for having achieved full membership. The IBR-IRE has set a positive precedent for associate membership and for associate members becoming full members. This shows that associate membership is a useful way to seek full membership in future.
“We would also like to welcome the KIBR as an associate member in the Project. The KIBR is now the second associate member from outside the western EU, which shows that the Common Content Project is relevant to the entire EU. We hope that other professional accountancy bodies in the EU will follow the example set by the IBR-IRE and the KIBR and consider membership in the Project.
The self-assessment of our qualification was a greater effort than we had expected and we can attest to the high educational benchmarks that the Project sets for full members.
Marc Bihain, Secretary General of the IBR-IRE, said: “We are very pleased to have become a full member of the Common Content Project. The self-assessment of our qualification was a greater effort than we had expected and we can attest to the high educational benchmarks that the Project sets for full members. We were impressed with the thoroughness of the review of our self-assessment carried out by the independent review team and for the attention given to the compliance process by the Steering Group.
“Our becoming a full member of the Project demonstrates at an international level that the qualification of the IBR-IRE meets the highest international educational benchmarks and, therefore, indicates the high quality of the professional education of our members in Belgium. We encourage other professional accountancy bodies to seek associate membership with the objective of becoming full members.”
The KIBR believes it to be important that the leading professional accountancy bodies in the EU cooperate in seeking to enhance the quality of the education of auditors in the EU.
Krzysztof Burnos, President of the KIBR said: “We are very pleased to have become a new associate member. We look forward to working together with the other member Institutes of the Project in their efforts to engage with audit oversight authorities in the EU on the harmonization of the education of statutory auditors.
“The KIBR believes it to be important that the leading professional accountancy bodies in the EU co-operate in seeking to enhance the quality of the education of auditors in the EU. We hope that other professional accountancy bodies will take advantage of the opportunity to contribute to the dialogue between the profession and audit oversight authorities on education by seeking membership in the Project.”
The Common Content Project has also completed revision of the International Education Standards (IESs) of qualifications. In doing so, the Project maintains its pledge that the Common Content compliant qualifications of its member bodies would meet or exceed international education standards.
We believe that implementing the IESs has further strengthened the quality of the qualifications of our member Institutes.
Hans van Damme, added: “We undertook an extensive comparison of the new IESs with Common Content qualification requirements that resulted in some significant changes to our general qualification requirements, our required learning outcomes and knowledge document, and to our skills framework.
“In addition to those requirements in the IESs that relate to our member Institutes’ entry-level qualifications, we also require compliance with IES 8 for audit partners in our organizational document. We believe that implementing the IESs has further strengthened the quality of the qualifications of our member Institutes.”
About the Common Content Project
The Common Content Project was created in response to the globalisation of business activity, the single market and regulatory harmonisation. Via the project, Europe's leading accountancy Institutes are working together to bring their professional qualifications closer together.
It aims to develop, maintain and unify high-quality professional accountancy education benchmarks reflected in the distinct qualifications of participating bodies. The project is also recognised internationally as meeting the challenges posed by globalisation and the needs of its diverse stakeholders.
Membership of the Common Content Project
EU Member State
Leading EU Accountancy Bodies
Instituut van de Bedrijfsrevisoren / Institut des Réviseurs d’Entreprises
Compagnie Nationale des Commissaires aux Comptes / Ordre des Experts-Comptables
Institut der Wirtschaftsprüfer / Wirtschaftsprüferkammer
Chartered Accountants Ireland
Consiglio Nazionale dei Dottori Commercialisti e degli Esperti Contabili
Nederlandse Beroepsorganisatie van Accountants
Krajowa Izba Biegłych Rewidentów (associate member)
Camera Auditorilor Financiari din România (associate member)
ICAS/Institute of Chartered Accountants in England and Wales