European institutes excel at
professional development

The majority of professional accountancy bodies in the EU
maintain a system of continuing professional development (CPD),
according to a study by the European Federation of Accountants
(Fédération des Experts Comptables Européens – FEE).

The practices of 39 accountancy bodies in 30 European countries
were surveyed for the study.

The findings reveal that all the professional bodies surveyed
invest significantly in lifelong learning. Thirty-seven maintain a
CPD education system and two are in the process of establishing one
with a view to making it mandatory.

FEE president Jacques Potdevin said: “At a time when business,
technology and regulation change so swiftly, continuous
professional education is a priority for every professional
accountant who aims at delivering high quality to clients,
employers and the broader stakeholders community. It is first and
foremost an individual discipline that is legitimately expected
from anyone holding a professional title that stands as a reference
for expertise and independence.”

FEE said a large majority of the bodies already comply with the new
EU Directive on Statutory Audit, to be implemented by member states
before June 2008, and with the International Standards on Education
No 7, issued by the International Federation of Accountants.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

However, the study acknowledges that there is room for improvement
in the monitoring of compliance with CPD requirements. FEE
recommends developing appropriate and practical methods to
demonstrate how relevant competence is enhanced and

FEE chief executive Olivier Boutellis-Taft said lifelong learning
is an area where the accountancy profession leads by example. “The
benefits resulting from the profession’s investment in this field
are widely spread across society; it is a tangible contribution to
Europe’s ambition to become the most competitive knowledge
economy,” he said.