SBS rules in favour of ACCA

SBS rules in favour of ACCA

Business Links and the Accountancy Profession Group members are celebrating after Small Business Service CEO David Irwin this week ruled members in practice don't require third party accreditation to participate in Business Link consultancy contracts.

The government’s SBS has been evaluating whether consultants working with its local Business Links outlets should be required to undergo a third party accreditation irrespective of any professional qualification that they might already hold.

Over the last 12 months there has been an extensive lobbying effort by parties proposing external accreditation and a range of professional and trade bodies opposing them.

APG members have put forward a sustained case over the last three years, that the external accreditation procedures required by many existing Business Links are of debatable validity, duplicate many aspects of the profession’s own regulatory procedures and should not be applied to professionally qualified accountants and other equivalent professionals.

Although members in practice will not be required to undertake separate accreditation or assessment to participate in Business Link consultancy contracts, there will be conditions.

These include agreeing to a Code of Practice – which the SBS is preparing – and participating in a process of consultancy customer satisfaction review.

ACCA head of small business, David Harvey, said: ‘This move by David Irwin underscores the key nature of the accountant/business link relationship in ensuring that the new Business Links reach out to a far wider proportion of the business community than before.

‘Accountants should be the eyes and ears of Business Links, spotting businesses needing help in areas outside of the profession’s competencies.’

He added: ‘For the profession we hope that better networks with Business Links will provide new business opportunities and access to a vast range of non-financial and practice skills from design, to marketing to HR. Both sides should benefit, most of SME clients should benefit.’

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article