The Chartered Institute of Public Finance and Accountancy (CIPFA) has announced leadership changes, launched an online learning application and outlined new criteria for members in private practice.
In an effort to comply with the International Federation of Accountants’ Statements of Member Obligations and HM Treasury money laundering regulations, the UK institute said, members in private practice will be required to hold a practising certificate and have until March 2008 to register. The scheme also applies to sole practitioners and contractors.
CIPFA policy and technical director Ian Carruthers said: “I am delighted that the institute has reached the important milestone of issuing the first practising certificate. I believe we have developed a high quality practice assurance scheme that will offer practical support for our members in practice.”
The practice assurance scheme is one of the first joint initiatives between CIPFA and the Institute of Chartered Accountants in England and Wales under a Strategic Partnership Agreement.
Another initiative launched in the past month is an online learning application aimed at CIPFA students. The Student Learning Centre (SLC) will replace textbooks and other hardcopy learning material. It is designed to make content more accessible through the internet.
The SLC will offer learning content for each module, online registration and exam entry process, discussion forums, self-assessment tests, electronic portfolio management and submission capability.
CIPFA director of education Adrian Pulham said: “By delivering learning content online we are able to offer so many more benefits over traditional textbooks… of course, it also places us firmly in the 21st century, utilising the best technology and sustainable resources, available to help students learn and prepare for exams.”
New CIPFA officers for the 2008/2009 council have also been confirmed. Caroline Mahwood is to become president, following her present role as vice-president. Roger Latham will take over as vice-president. The officers begin their new roles in June.