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The global organisation qualifies for the scheme

03 May 2007

The World Bank, a global development organisation with headquarters in Washington DC, US, is the latest global organisation to qualify as an Approved Employer with ACCA.

This status acknowledges the high standards of training and development which the World Bank provides for ACCA students, affiliates and members.

The World Bank joins nearly 8,500 companies around the world who are Approved Employers, including ABN AMRO, BP, HSBC, KPMG, Canadian Imperial Bank of Commerce (CIBC), Inland Revenue of Singapore and GlaxoSmithKline.

Tony Hegarty, chief financial management officer of the World Bank, said: 'The knowledge required to function effectively as a financial management specialist in today’s world continues to grow at an unprecedented rate. The continuing development of professional competence and lifelong learning for our staff are critical if they are to meet these increasing knowledge and skills expectations.'

'Ongoing professional development is a strategic priority of the World Bank's Financial Management Sector as we strive to equip our staff to support the improvement of public and private financial management practices in partner countries,' said Hegarty. 
 
Tony Osude, head of learning and development at ACCA , said: 'The World Bank has demonstrated that it meets global best practice in the provision of learning and development opportunities, and we welcome them to ACCA's expanding global family of Approved Employers. The award gives them well-deserved international recognition for the quality of support and training they invest in their employees.'

To become an Approved Employer, ACCA assesses organisational training statements and undertakes a performance review which ensures that ACCA's global training and development standards are met throughout the organisation.

ACCA's Approved Employer programme complements its global continuing professional development (CPD) scheme ACCA Realise.  Under this flexible scheme, relevant workplace learning, mentoring, e-learning, writing and presenting business articles are all recognised as CPD activities in addition to traditional activities such as attendance at courses and seminars. CPD allows accountants to keep their skills and knowledge continuously updated after qualifying.