RegulationAccounting StandardsInstitutes continue bid to define ‘accountant’

Institutes continue bid to define 'accountant'

ICAEW announces in council meeting it has been working with other CCAB bodies to persuade government to legally define the term 'accountant'

The ICAEW is reattempting to persuade the government to legally define the

term ‘accountant’.

In today’s council meeting ICAEW chief executive Michael Izza said the
institute had been working with the other CCAB bodies to put together
proposals to persuade the government to recoginise and restrict the use of

the term accountant.

‘We are trying to get to a position where we have a choice. At the moment we

don’t have a choice and members tell me its a problem,’ said Izza.

The institutes’ case was strengthened when Ireland introduced a legal
definition for the term, but Izza said the UK government still needed
persuading.

While the ICAEW was pushing ‘most strongly’ on the topic, Izza hinted at the
need for further discussions between the other CCAB bodies. ‘Not all the bodies
want to move at the same speed,’ said Izza.

The DTI recently rebuffed attempts by the profession to have the term
recognised, stating that the term ‘chartered accountant’ was recognised.

Related Articles

Demystifying GDPR for accountants

Accounting Standards Demystifying GDPR for accountants

2w Ellen Temperton, Lewis Silkin
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
The great professional services shake-up

Accounting Standards The great professional services shake-up

3m Fergus Payne, Lewis Silkin
What do clients actually want from an accountant?

Accounting Standards What do clients actually want from an accountant?

4m Emma Smith, Managing Editor
Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

Accounting Standards Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

4m Alison Conley
Membership of the accountancy profession on the rise

Accounting Standards Membership of the accountancy profession on the rise

5m Alia Shoaib, Reporter
The real price of mates' rates in the provision of professional services

Accounting Standards The real price of mates' rates in the provision of professional services

5m DAC Beachcroft
IASB overhauls insurance accounting with issuance of IFRS 17

Accounting Standards IASB overhauls insurance accounting with issuance of IFRS 17

7m Alia Shoaib, Reporter