PA Institute of CPAs Opposes Global Credential
The Council of the Pennsylvania Institute of CPAs (PICPA) has voted to oppose the AICPA's proposed global business credential, formerly called XYZ and now called Strategic Business Professional (SBP). The council vote reflected information survey responses from members, which occurred at seminars and presentations throughout the summer.
Barbara McGee, PICPA Council member and president of the Philadelphia chapter of the PICPA, explained the vote: "We didn't believe [the global credential] was being supported by the membership, nor did we think it would actually enhance the position of the CPA."
For more information, including a list of state societies that have thusfar taking a position for or against the proposed credential, go to AccountingWEB's 'XYZ' Global Credential Resource Center.