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Institute Approves Global Credential for Member Vote
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The AICPA governing council voted 157 to 62 at the fall meeting to support development of the proposed global credential. This cleared the way for a member referendum on the proposal, which needs a two-thirds majority of all votes to succeed. If supporters meet that margin, the AICPA will establish a new entity to grant the credential to suitable candidates. (Completed ballots were due by December 28, 2001.)