The governing council of the American Institute of Certified Public Accountants has agreed to let its members vote on the controversial proposed global business credential, Strategic Business Professional (IISBP). Members are being asked to vote on whether or not the AICPA can amend its bylaws to read that the organization has the right to create a new organization on behalf of IISBPs. Votes must be received by December 28, 2001.
So far, six state CPA societies have taken a stand in favor of the credential and are recommending that their members vote favorably on the bylaws issue. Eleven states have taken the opposite side, recommending a "No" vote from their members. Two new CPA societies have joined the list of IISBP naysayers: Florida and the District of Columbia.
DC Society Reinforces Previous Stand Against IISBP
The Greater Washington Society of CPAs' Board of Governors has reiterated its stand against the proposed credential, indicating that the main areas of concern are:
- The new global credential would be of value only to a limited segment of the CPA community; and;
- The new global credential is being pushed at the expense of the CPA credential
Florida Society Recommends a "No" Vote
The Florida Institute of CPAs' Board of Governors voted on November 7 to encourage members to vote against the development of the AICPA's proposed global business credential, presenting the following resolution:
Resolution Opposing AICPA’s Proposed Credential
Florida Institute of CPAs
Board of Governors
November 7, 2001
WHEREAS, the AICPA’s proposed global business credential is unnecessary given that CPAs already are performing and providing strategic, analytical, knowledge management and integration services, and have received market permission to do so; and
WHEREAS, the global credential would empower non-CPAs to compete with CPAs in nontraditional service areas where CPAs are being positioned as the service providers of choice; and
WHEREAS, the global credential would impede the profession’s ability to realize the goals outlined in the CPA Vision by diminishing, rather than enhancing, the public’s perception of the breadth and range of services provided by CPAs; and
WHEREAS, the global credential would be more likely to hinder, rather than enhance, the recruitment of new talent to, and student interest in, the CPA profession;
NOW, THEREFORE, BE IT RESOLVED, that the Board of Governors of the Florida Institute of CPAs, on behalf of its membership, encourages FICPA members to vote against the current form of the AICPA proposed global credential project;
BE IT FURTHER RESOLVED, that the FICPA urges the AICPA to abandon the current global credential project; and
BE IT FURTHER RESOLVED, that the FICPA urges the AICPA to instead channel available resources into addressing issues identified in AICPA research surveys including, but not limited to, better educating the public about the value of the CPA credential for professionals in public, private, governmental, and education sectors.
Read more about the proposed global credential and find out which states have taken a formal position for and against the credential at AccountingWEB's Global Credential Resource Center.