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COPYRIGHT 2001 SourceMedia, Inc.
WASHINGTON -- The American Institute of CPAs' ruling Council has given a ringing endorsement to the proposed new global multi-disciplinary designation, but the ultimate fate of the XYZ project will not be known until at least October.
At its Spring meeting here, the AICPA Council voted 152-41 to reject a motion that would have killed further work on the accreditation, and passed a separate motion calling for Council members to revisit the issue at their Fall conference in Miami, after gauging their respective states' rank-and-file sentiments.
Those sentiments are to be gathered and evaluated after the AICPA conducts a $1.9 million grass-roots program to educate individual practitioners about the accreditation.
John Hunnicutt, the AICPA senior vice president of public affairs in charge of the grassroots educational campaign, noted, "We know that half of the membership doesn't have a clue about this.
Based on the input that has been received from members at large, the Council at its fall meeting could vote to kill the XYZ initiative or create a motion to approve the institute's permanent work on XYZ that would be placed for a vote by the full membership.
The designation would recognize an individual's skill and training in accounting and a range of related business service areas, including technology, project management, risk management, systems design, business law and improvement analysis, to name a few. The XYZ program would set standards to which members...
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