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Individual NARICs are coordinated by the NARIC Network, an initiative of the European Commission to improve recognition of academic qualifications and study between European countries. It is part of the commission's SOCRATES / ERASMUS programme, aimed at improving the mobility of students and staff between higher education institutions.
ENIC – NARIC comprises all countries of Europe (including the Holy See and thus all Pontifical Universities worldwide) as well as Australia, Canada, Israel, the United States of America and New Zealand. [9] The website also provides information on the higher education systems of the member countries and the accreditation agencies
In order to be eligible to enter training to become a chartered accountant, prospective CA students must hold a UK degree (or overseas equivalent). The UK NARIC provides a service to individuals seeking confirmation on comparability between international qualifications and UK qualifications.
The US government does not have a specified agency for recognition and validation of foreign qualifications. Instead, responsibility falls on universities and colleges to determine the equivalence for students they admit, on employers for people they employ and on state licensing board for entry into regulated professions.
The UK ENIC (European Network of Information Centres) uses a 16-level "band framework" in its evaluation of foreign qualifications to identify comparable British qualifications. UK ENIC issues statements of comparability and certificates based on these bands, which are designed to be precise enough to distinguish between different international ...
In 2009, the UK National Academic Recognition Information Centre (UK NARIC) bench-marked the CFA Program and the CFA charter as comparable to a Qualifications and Credit Framework (QCF) Master's Level 7. [56] The levels of the CFA Program were bench-marked as: Level III of the CFA Program and the CFA charter are bench-marked at Level 7 by NARIC
CGMA professionals are business strategists who can link the board's objectives with those of organisation's, guiding critical business decisions and creating sustainable business success. In 2014, CIMA, with the American Institute of Certified Public Accountants, launched the Global Management Accounting Principles.
British equivalents to associate degrees vary depending on the national system which issued them. Based on assessment by the UK NARIC, American and Canadian associate degrees are considered equivalent to one year higher education courses such as the Higher National Certificate at level 4 of the British Framework for Higher Education Qualifications.