The nation's sixth largest accounting firm, BDO Seidman, has denounced the controversial plan by the AICPA to launch a global business credential, tentatively called the 'XYZ' credential.
The credential would provide certification to consultants and other financial professionals that provide a broad range of services. These professionals would not necessarily have to be CPAs.
Previously, PricewaterhouseCoopers came out against the proposed designation, as well as many of the state CPA societies.
For more information on the proposed global credential, including a chronological list of all of the news stories AccountingWEB has carried on this subject, visit AccountingWEB's 'XYZ' Global Credential Resource Center.