New agreement gives trainee Chartered Accountants expert banking and financial services skills in education programme

Jun 11, 2018
IOB photo
Ireland’s leading accountancy body, Chartered Accountants Ireland and Ireland’s leading banking and financial services educational body, The Institute of Banking have today announced an agreement between the two organisations. As a result of this agreement, Chartered Accountants Ireland will now offer a new financial services elective module to its final year students.

Almost one in five of all Irish Chartered Accountants already work in the financial services sector, so a tailored elective for student members will be appealing for students.  The elective will also serve the needs of an expanding financial services sector at home and overseas, where demand for newly qualified members with expertise in financial services is acute. 

Chartered Accountants Ireland Chief Executive, Barry Dempsey said: 
“Today’s announcement marks the culmination of many months of work with The Institute of Banking.  In combining an executive-level financial services component with the Chartered Accountant professional qualification, our proposition is made even more attractive for talented and ambitious new graduates and business professionals. 

“This new financial services elective is one part of an exciting, new education programme that Chartered Accountants Ireland will be offering to students for the 2018/19 academic year. We have revised our core syllabus, introduced new electives and new pathways to membership, as we continue to evolve and anticipate the demands of our economy.  We believe that, combined, they will greatly enhance both the student experience and the long-term value of the profession in a rapidly-changing environment.”

“We are pleased to work with The Institute of Banking on the launch of this new elective.  Chartered Accountants Ireland and The Institute of Banking are respected, prestigious, all-island membership organisations, dedicated to upholding the highest professional standards in our respective areas, to the ultimate benefit of customers and society.”

The Institute of Banking Chief Executive, Mary O’Dea said:
“We are delighted to work with Chartered Accountants Ireland in developing this new financial services elective for its final admitting examination. The content draws on our education expertise in the banking and the investment funds sectors. We believe that this new financial services elective will equip students with relevant, specialist and practical knowledge and skills, whether they look to work in the financial services industry or within practice. We look forward to working with Chartered Accountants Ireland in the coming years.”

ENDS

Reference:  Bryan Rankin, Marketing Manager, Chartered Accountants Ireland, T: (01) 637 7268

Photo caption:  Pictured at the signing of the education agreement between The Institute of Banking and Chartered Accountants Ireland were Mary O’Dea, Chief Executive, The Institute of Banking, Shauna Greely, Immediate Past President, Chartered Accountants Ireland and Barry Dempsey, Chief Executive, Chartered Accountants Ireland.

Notes to editors:

About Chartered Accountants Ireland
Chartered Accountants Ireland is Ireland’s largest and longest established professional body of accountants founded in 1888.  The Institute, which is an all-island body, currently represents over 26,500 members around the world. It is also the biggest single educator of accountancy students in Ireland, with over 6,600 registered students. 

About the Institute of Banking
The Institute of Banking is the largest professional institute in Ireland with 34,000 members who work in banking and in international financial services in the Republic of Ireland and Northern Ireland.
Professional development of our members through education is at the heart of the Institute’s activities.  It is a not-for-profit organisation and its purpose is “to make a defining contribution to the renewal of professional standards and standing of Irish banking and financial services for the ultimate benefit of customers and society”. The Institute of Banking is one of the oldest banking institutes in the world.

The Institute provides university-level banking education programmes and related services. These enable members to achieve and sustain their professional qualifications and continuing professional development – essential to meet customer and regulatory expectations. More than 10,000 of the Institute’s members are currently studying with it.

The Institute is a Recognised College of University College Dublin (UCD), which is Ireland’s largest university.