The two leading accountancy bodies in Italy, the Consiglio Nazionale dei Dottori Commercialisti and the Consiglio Nazionale dei Ragionieri e Periti Commerciali, have joined in support of the AICPA's proposed global business credential.
The two organizations represent more than 90,000 accountants in Italy.
Italy represents the first European country to back the initiative. Accountancy organizations in Scotland, Ireland, and the Institute of Chartered Accountants in England and Wales have refused to support the global qualification.
Other countries that have indicated their support for the initiative include Australia, Canada, and New Zealand.
For more information about the proposed global credential, including a chronological list of all the related news stories that have appeared on AccountingWEB, visit AccountingWEB's 'XYZ' Global Credential Resource Center.