Title Competency-Based Accounting Education, Training, and Certification
Subtitle An Implementation Guide (International Development in Practice)
Author Alfred Borgonovo, Brian Friedrich, Michael Wells
ISBN 9781464814037
List price USD 39.95
Price outside India Available on Request
Original price
Binding Paperback
No of pages 138
Book size 216 x 279 mm
Publishing year 2019
Original publisher The World Bank
Published in India by .
Exclusive distributors Viva Books Private Limited
Sales territory India, Sri Lanka, Bangladesh, Pakistan, Nepal, .
Status New Arrival
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This guide is designed to assist all those who are responsible for providing or overseeing formal education or practical experience that forms part of the initial professional development of aspiring professional accountants, or the continuing professional development of professional accountants. It is particularly relevant to professional accountancy organizations. It is also intended for policy makers and regulators who determine which organizations are licensed to certify professional accountants and related specializations, for example, audit professionals.

The purpose of the guide is to

  • increase understanding of the gap between the current skills of many accountants in some regions and the skills that are relevant in increasingly digitized and globalized economies;
  • convey the essential features of Competency-Based Accounting Education, Training, and Certification (CBAETC);
  • provide a common reference framework for organizations pursuing CBAETC and the consultants working with them;
  • assist countries in developing in-country plans and implementing in-country processes that produce accountants with higher-order skills relevant to their economy’s rapidly evolving needs; and
  • improve financial reporting, auditing, and regulation.

This guide complements and builds on International Education Standards (IES™) of the International Accounting Education Standards Board™ (IAESB™).




About the Authors


Chapter 1: Introduction • Who is this guide for? • What is professional competence? • What is Competency-Based Accounting Education, Training, and Certification (CBAETC)? • Why does CBAETC matter? • What are the main outcomes and outputs of CBAETC? • Are there international standards for CBAETC? • Notes • References

Chapter 2: Overview of the CBAETC Journey • Stage 0: Evaluate readiness and resources • Stage 1: Establish the Competency Framework • Stage 2: Evaluate the current program to determine gaps • Stage 3: Design and develop an expanded program • Stage 4: Implement the expanded program • Note

Chapter 3: The Four Stages of the CBAETC Journey • A word on terminology and approaches • Stage 0: Evaluate readiness and resources • Stage 1: Establish the Competency Framework • Stage 2: Evaluate the current program to determine gaps • A condensed approach to stage 2: Evaluate the current program to determine gaps • Stage 3: Design and develop an expanded program • A condensed approach to stage 3: Design and develop an expanded program • Stage 4: Implement the expanded program • Conclusion • Notes • References

Appendix A: Case Studies

Appendix B: Professional Development and Assessment

Appendix C: Examples

About the Authors:

Alfred Borgonovo joined the World Bank’s Centre for Financial Reporting Reform (CFRR) as a Senior Financial Management Specialist in 2015. He is a member of both CPA Australia and CPA Canada. Borgonovo worked for CGA Canada for over seven years, in the areas of education and international development, where he played a leading role in shaping international collaboration projects. Prior to this, he worked in various roles ranging from credit analyst to financial controller for several companies including Banque Nationale de Paris, Orange Business Services, NCR Corporation, and the Queensland Department of Education. Over the past 15 years, Alfred has led or participated in many capacity-building projects in the area of accounting education reform in Latin America and the Caribbean, Europe and Central Asia, Southeast Asia, and Africa. Borgonovo is a native French speaker and is fluent in Spanish. He is a PhD candidate in economics at the University of Strathclyde, Glasgow, United Kingdom.

Brian Friedrich has focused on building institutional capacity, implementing competency-based education and experience assessments, and developing strategic, policy, program, governance, and ethics guidance for established and emerging professional and regulatory organizations for over 20 years. Prior to this, he held roles in education and external audit. Friedrich is a member of the International Ethics Standards Board for Accountants and CPA Canada’s Public Trust Committee and its Foresight: Future of the Profession working group. He served on the board of CPA British Columbia, and one of its legacy bodies, for 10 years—including as chair. Friedrich also chaired the legacy organization’s Ethics and Discipline committees for numerous years. He was awarded a life membership in 2014 for his service to the profession in education, ethics, and governance. Outside of the profession, he has served on a number of boards and committees and is currently a director on the Real Estate Board of Greater Vancouver.

Michael Wells is Professor of Practice at Imperial College Business School and a World Bank consultant, working to deepen understanding of international financial reporting requirements and fostering capacity to make, audit, and regulate the judgments necessary to apply them. For over a decade, he led the International Accounting Standards Board’s (IASB) Education Initiative. He serves on the American Accounting Association (AAA) Membership Advisory Committee. Before that he served on the AAA Education Committee and the AAA Innovation in Accounting Education Award Committee. For nearly a decade he served as a member of the International Federation of Accountants (IFAC) International Accounting Education Standards Board (IAESB) Consultative Advisory Group (CAG) and as a member of the International Association for Accounting Education  Research (IAAER) Board of Advisors.

Target Audience:

This book will be useful to people interested in accounting, economics and finance.

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