The Association of Chartered Certified Accountants (ACCA) and the Association to Advance Collegiate Schools of Business (AACSB International) have signed a memorandum of understanding (MoU) for supporting business education.
The three-year partnership also aims to support and enhance the quality of education in accounting and finance sectors.
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Under this agreement, both organisations will investigate shared interests and produce research addressing critical issues such as work dynamics, career trajectories, the employability of graduates, and the societal contributions.
AACSB CEO and president Lily Bi said: “Business education is undergoing profound transformation, and AACSB International is proud to partner with ACCA to help shape the future.
“Together, we will strengthen the bridge between academia and the business world, equipping learners with the knowledge, skills, and agility to thrive in a rapidly evolving profession.”
The collaboration will extend to initiatives designed to assist universities and will include an examination of how AI may influence educational experiences soon.
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By GlobalDataFurthermore, it will involve working with prominent organisations to evaluate and inform the direction of accounting education.
ACCA chief executive Helen Brand stated: “Accountancy is changing: accountants are driving sustainability, promoting social value and dealing with new ethical challenges, as well as enabling innovative technologies which are shaking up the world of work.
“Collaboration on equipping future generations for the opportunities and challenges ahead has never been more important, and we very much look forward to working with AACSB on this.”
Prior to this development, ACCA provided input on a market study conducted by the Financial Reporting Council, which focuses on the audit and reporting challenges faced by small and medium-sized enterprises (SMEs).
The study aims to gain insights into the hurdles encountered by practitioners in auditing SMEs and to understand the rationale behind SMEs’ decisions to seek audit services, regardless of exemptions.
