2014

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Contact(s):

Jay Hyde
202.434.9266
jhyde@aicpa.org

 

AICPA to Share Thought Leadership and Educational Materials with Colombia’s Instituto Nacional de Contadores Públicos 

INCP to market AICPA’s IFRS Certificate Program to Members 
Published November 24, 2014

NEW YORK (Nov. 24, 2014) – The American Institute of CPAs has broadened its relationship with  Instituto Nacional de Contadores Públicos, Colombia’s largest member organization representing public accountants, as the South American nation prepares for its move toward a single set of high quality international accounting standards.  

Globalization has created new challenges and opportunities for business, and knowledge of internationally recognized standards has become a key competency for accountants. Like many nations, Colombia has made a commitment to converge its accounting regulations with International Financial Reporting Standards (IFRS), a set of standards mandated for use in more than 100 countries. Public companies in Colombia will be required to use IFRS next year, while most small- and medium-sized businesses must adopt the standards by 2016.

To help Colombian accounting professionals prepare for this shift, the AICPA and the INCP have signed a translation agreement allowing INCP members to have access to some of AICPA’s thought leadership—including the CPA Horizons 2025 Report, a compendium of trends and forecasts for the profession—as well as relevant articles from the AICPA’s Journal of Accountancy. Those translations, in turn, will be available on the Journal of Accountancy website. INCP also will have exclusive right to market the AICPA’s Spanish-language version of its IFRS certificate program in Colombia.

“This agreement with INCP has great benefits for both of our organizations’ members,” said Joanne Fiore, the AICPA’s vice president of professional media, pathways and inclusion. “We’re proud of the diverse, in-depth content we provide to CPAs, and having it available in Spanish makes it even more valuable.”

The IFRS certificate program is a special curriculum of 25 self-study courses designed to help CPAs and other accounting professionals build knowledge and competencies related to the international standards. For more information about IFRS and the AICPA’s certificate program, visit IFRS.org.

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