ACCA and AAT sign MoU
MoU brings benefits to members
12 May 2008
ACCA and the Association of Accounting Technicians (AAT) have signed a joint memorandum of understanding (MoU) that will benefit members of both bodies and the employers who offer ACCA and AAT qualifications.
Employers recognised by the ACCA Approved Employer programme will have the opportunity of being accredited by AAT under its equivalent scheme, without having to undergo AAT's full assessment process. Similarly, employers accredited by AAT will be able to obtain ACCA Approved Employer status through an expedited process.
The agreement will mean that AAT members working for an ACCA Approved Employer will find it easier to meet their mandatory continuing professional development (CPD) requirements.
The MoU also signifies the intention of ACCA and AAT to streamline accreditation processes for the benefit of individual members and employers alike, as well as to promote best practice in professional development for the benefit of employers and finance professionals.
Wyn Mears, director of ACCA UK, said: 'Making meaningful and relevant synergies with like-minded organisations is important to ACCA, so I am pleased that this memorandum of understanding is being signed with AAT. It is excellent news for employers, members and students who will ultimately benefit from this joint arrangement.'
Adam Harper, director of professional development at AAT, said: 'The AAT is very pleased to have reached this agreement with ACCA, which will remove unnecessary bureaucracy and deliver real advantages to our members and their employers. It serves also to recognise the importance of CPD for all accounting and finance professionals, whatever their stage or level within the profession.'