The State of Business Rescue Practitioners Professional Accreditation

Business rescue practitioners (BRPs) are subject to many allegations of abuse and, therefore, professional accreditation has become a pre-requisite. The Companies and Intellectual Property Commission (CIPC) licensing is linked to multiple professional bodies' knowledge and practices but is not generic. This study was guided by one key question: What is BRPs' accreditation's current state in a multiple professional body occupation? We used data mapped to scholarly and documented policy sources, categorized results from extensive reading, and integrated critical constructs (after the deconstruction of concepts) to yield a conceptual framework to develop a comprehensive understanding of professional accreditation. The results confirm the existence of a legal framework and institutional arrangements that are not coherently applied because of the absence of a professional accreditation framework (PAF). The proposed conceptual framework captures the concepts of the business rescue domain, professionalism, competency, accreditation, and definition of key terms to provide an interpretive approach to the BRPs' accreditation reality resulting in a PAF based on the integration of BRP tasks and services and accreditation, competency, and professionalism.

Automated summary

The study revealed that there is a legal framework and institutional arrangements in place, but they are not coherently applied due to the absence of a professional accreditation framework. The proposed conceptual framework captures key concepts in the business rescue domain and offers an interpretive approach to understanding the reality of BRP accreditation.