The AICPA has postponed making a decision on whether
its full membership will vote on establishing a new credential
recognizing proficiency in accounting and related professions.
The vote on whether to submit the matter to the full membership,
which had been scheduled for the fall meeting of the institute's
ruling council, will now be held at the Council's spring meeting.
The credential, which was formerly referred to as "XYZ," is now
tentatively named "Cognitor," a word with Latin roots coined
specifically for this project. The AICPA is working jointly with
chartered accountancy organizations from seven other countries to
develop standards for the new designation.