PracticeConsultingUK recognises ICAA audit qualification

UK recognises ICAA audit qualification

The accounting qualification of the Institute of Chartered Accountants of Australia, has been recognised by the UK under the 1989 Companies Act as an approved qualification for audit registration purposes.

According to the DTI, ICAA accountants who meet specified additional educational requirements and have practical audit training which has familiarised them with UK auditing laws, can now become registered UK auditors.

Holders of the qualification will need to apply to one of the five UK recognised supervisory bodies to register. The declaration followed an assessment of the compatability of UK and Australian accounting standards and practises.

Under the reciprocity of the 1989 Companies Act, UK auditors are allowed registration with the corresponding accounting bodies in Australia.

Links

Institute of Chartered Accountants of Australia

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