RegulationAccounting StandardsAustralian institute sets up shop in London

Australian institute sets up shop in London

CPA Australia, the world's sixth largest accounting institute, opens London branch as profession goes global

CPA Australia, the sixth largest accounting institute in the world, has
opened up a London office to support the growing numbers of its members working
in the UK and to help build a stronger relationship with the IASB.

Speaking to Accountancy Age ahead of the new office’s launch at
Australia House, CPA Australia president Mark Coughlin said accountants were
becoming more mobile, making it essential for institutes to support their
members abroad.

Of CPA Australia’s 107,000 members, it estimates that about 3,000 work in the
UK. A further 22,000 members are based in 94 other countries.

‘Accountants are more mobile than ever and working in a growing number of
regions. It is important for us to support our members working abroad,’ Coughlin
said.

Coughlin added that the London office would also serve as contact point with
the IASB, the international standard setter headquartered in the UK capital.

The CPA Australia London branch will also focus on building relationships
with the UK’s institutes, and has met with representatives from ACCA, Cipfa and
CIMA.

‘We are working to towards mutual recognition of qualifications and sharing
expertise and knowledge,’ said Coughlin. ‘The issues facing accountants are
similar around the world and we can gain a great deal by working together.’

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