QAS: Hallmark of quality
Q. Emma, why don't you start by telling us what makes QAS different?
Well, firstly, this is an exciting new step as it involves creating a direct relationship with the organisations that employ our members. It is also a bit different to other accreditation schemes in that it is focused on qualitative assessment of whether the organisation meets certain outcomes. This means that the review doesn't just check whether the right policies and processes are in place but considers whether they are properly embedded into the organisation's culture.
Q. When will the first batch of accreditations be announced?
The first batch of accreditations will be announced in late spring 2016. To ensure that you are part of that first batch, you need to submit your application by 1 November 2015.
Q. Will applications be accepted after that?
Yes, applications will be accepted at any time. Submitting by 1 November will ensure you are part of the first group of accreditations.
Q. What has the feedback been like so far?
Feedback from a pilot scheme last year was very positive, and you can read about the experiences of the organisations that took part in the case studies we have prepared. In addition, the Financial Reporting Council has been very supportive of the scheme and in June issued a statement encouraging organisations to sign up to the QAS.
Q. How can organisations find out more?
There is a lot of information on our website, including the application form and core documents. There are also three short films, which explain the process and help you get ready for your review. Alternatively, we can come and talk to your organisation.
More details at www.actuaries.org.uk/qas
Email [email protected]