Financial Planning Standards Council has received ISO 17024 accreditation by the Standards Council of Canada (SCC) for its role as the credentialing organization for the CFP certification program in Canada, the FPSC said Monday.

Bestowed by the SCC, ISO 17024 is the standard for certifying bodies, as it is exclusive to certifying organizations. FPSC is one of only five organizations in Canada to have earned accreditation to ISO 17024, which was introduced in Canada in 2004.

ISO 17024 provides direction on how a certifying organization operates a consistent, objective, fair and credible credentialing program.

“We are proud to have earned ISO 17024 accreditation. This standard is an objective affirmation that FPSC — as the steward of the CFP certification program in Canada — has met the highest global standards of conduct and competence for a certifying body,” says Cary List, president & CEO of FPSC.

“As a personnel certification body, FPSC’s accreditation to this particular standard shows a level of competence that is internationally understood and accepted, “explains John Walter, SCC’s executive director.

“When your role is assessing the competence of others, it is extremely important to your business to be able to show that your processes have been verified by a third party,” adds Walter.

FPSC is a not–for–profit organization dedicated to ensuring Canadians’ financial planning needs are well served by developing, promoting and enforcing professional standards for financial planning, through CFP certification, and raising awareness of the importance of financial planning to Canadians.

IE