The Insolvency Practitioners Association (IPA) has today (6 August) unveiled a new corporate insolvency exam.
In 2009 the IPA launched a new Certificate of Proficiency in Personal Insolvency (CPPI) for professionals working within the personal insolvency sector.
Today it launched a new equivalent examination paper for those focusing on corporate insolvency, with the Certificate of Proficiency in Corporate Insolvency (CPCI) – the first of its kind at this level.
IPA president, Charles Turner, said: “This represents a significant step forward for the IPA, its member firms, and for the profession. It allows insolvency professionals to specialise if they wish to and for the first time it will provide choice for those whose career path is clearly personal or corporate.”
The Insolvency Service announced last month that its deregulation measures include the option of separate personal and corporate licences for practitioners in the future.
The IPA’s suite of exams at Certificate of Proficiency in Insolvency (CPI) level has been designed to provide an extension of that choice.
Turner said: “It will also facilitate development towards separate licensing when the government’s provisions are enacted, and in that respect I am proud of the fact that the IPA is leading the way in embracing that change.
“It is recognition of the way the insolvency market has grown and, subject to some safeguards about breadth of knowledge, we need to react to that and serve the needs of the profession.”
The first CPCI examination will be on 6 December 2013.