ACCA Signs MoU with the CFA Institute

CFA Institute, the global association of investment professionals, and ACCA (the Association of Chartered Certified Accountants), the global body for professional accountants, recently agreed a three-year MoU (Memorandum of Understanding) which is the first step in establishing a relationship between the two bodies that will see both the bodies collaborating on a number of key projects and issues.

Chief executive of ACCA, Helen Brand OBE, and president and CEO of CFA Institute, Paul Smith CFA, signed the MoU, witnessed by Chair of the Board of Governors of CFA Institute, Robert W. Jenkins, and ACCA President, Leo Lee.

With the signing of the MoU with the CFA institute, ACCA for the very first time entered into an agreement with a professional investment management body which will see both the bodies collaborating and exchanging views on important projects and issues relating to both professions, such as Continuing Professional Development, ethics, professionalism and thought leadership, exploring common areas of interest across research study and professional insights assignments.

The two bodies are also planning to host joint webinars and discussion events, and to showcase value and need of both the professions to the general public. They also plan to discuss and explain the need behind the joining of hands between financial advisers and accountants.

ACCA Chief, Helen Brand, said that she is delighted that ACCA and CFA Institute signed a three year agreement to collaborate on various projects for the betterment of both the professions. The values of both the bodies are pretty much the same, as we both are operating globally to deliver the highest professional and ethical standards, making sure that our members act in the best interest of their employers and clients.

CFA Institute President, Paul Smith, said that CFA Institute as a body is delighted to enter into an agreement with the ACCA with regards to collaborating with them on a number of projects and issues for the coming three years. ACCA and CFA Institute share almost the same values and certainly have similarities with regards to mission goals and objectives. He also said that we at CFA institute are looking forward towards collaborating with ACCA as we intend to work jointly to enhance the existing conditions of our respective professions.