Welcome to the Common Content Project

In response to the globalisation of business activity, the single market and regulatory harmonisation, nine of Europe's leading accountancy Institutes are working together to bring their professional qualifications closer together.

Internationalising and harmonising educational outcomes

The Common Content Project is a collaboration between premier accountancy bodies with an aim to further develop, maintain and unify high quality professional accountancy education benchmarks reflected inĀ the distinct qualifications of participating bodies and recognised internationally as meeting the challenges posed by globalisation and the needs of diverse stakeholders

This involves internationalising and harmonising the educational outcomes for those bodies that are subject to globalisation and changing public expectations, while retaining the strengths of local educational structures, qualifications and designations

The Institutes have agreed the learning outcomes that entry-level professional accountants need to achieve and the knowledge, skills and attributes they need to acquire in order to provide these services. The approved Project Documents can be accessed here.

Membership of the Common Content Project

Full Common Content Project membership is open to accountancy bodies that share the vision, mission, values and objectives of the Project and have met the requirements for membership, in particular, that the professional qualification of those bodies meets Common Content requirements for professional qualifications. A list of current participating bodies can be found here.

Membership is not limited by geographical or political considerations and is open to any Institute of professional accountants that meets the membership requirements: there are no other restrictions on membership.

Associate membership is open to those accountancy bodies which share the vision, mission, values and objectives of the Project and have the objective of becoming full members. Any Institute of professional accountants that meets the Associate Membership requirements may become an Associate Member: there are no other restrictions on membership.

The Benefits of Harmonising Education and Training for statutory auditors

The advantages of the Common Content Project as a means of harmonising a high level of education and training of statutory auditors include:

· The Project provides of a common platform for harmonising education and training that recognises both the areas that are common and the areas that need to be different in national qualifications under application of the principle of subsidiarity, but is not a uniform qualification with uniform educational delivery systems.

· The Project provides a framework for considering what is national (e.g., law and tax) and provides a firm foundation for the aptitude test and therefore for portability of auditor qualifications within the EU and worldwide.

· The Skills Framework helps ensure that auditors are able to apply their competencies in practice and is important for the adaptability of education and training

· The Project can serve as a model for the mutual recognition of audit professionals between the European Commission and countries from outside of the EU under comprehensive economic treaty and trade agreements.

The Common Content Project fosters the cross-border exchange of views of those involved in the education and training of auditors in the EU and worldwide including academics, the profession, professional bodies and regulators on such matters as educational programs and courses, examinations and training. Such cross-fertilisation helps improve the quality of education of auditors on an EU-wide and worldwide basis to the benefit of all stakeholders.