ICAEW president warns against threat of more rules
Urges bodies to work together to cut down the number of initiatives that impact on profession
Urges bodies to work together to cut down the number of initiatives that impact on profession
Richard Dyson,
president of the ICAEW, has urged governments, regulators, standard setters
and other bodies, to work together to cut down the number of initiatives that
impact on the profession.
He also warned the industry to think carefully about the consequences of more
rules and regulations.
Dyson made these comments as part of a speech to the institute’s annual
dinner, held at the Chartered Accountants
Hall,
Dyson said the institute was currently reviewing 38 consultation documents,
which he said, best summed up the challenge the profession faced.
‘Is the sheer weight of such initiatives disproportionate to the perceived
issues they are attempting to tackle? Are they creating unnecessary complexity
for accountants? And, as a result, are they confusing the very businesses and
individuals we all seek to serve?’ he asked.
Further reading:
ICAEW president warns of audit regulation threat
ICAEW should consider new ‘learner’ status
ICAEW wins deal with Indian business giant
The numbers you crunch tell a story. Your expertis...
17yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn 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 resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW cited managing insurance costs, firms struggling to obtain coverage, assessing risk-taking capacity, and evolved firm structures as drivers ...
View articleThe IESBA emphasizes the importance of timely and global adoption of their standards. For corporate accountants, this means staying updated with chang...
View articleKPMG's faces record fine for a widespread exam cheating scandal, implicating senior staff and highlighting systemic ethical issues in the professional...
View articlePwC's Australia tax scandal has led to significant changes, including over 300 job cuts and the refusal to share a crucial report with Australian parl...
View articleAccountants and accounting firms play a crucial role in maintaining financial integrity, facing ethical dilemmas and regulatory challenges. Adherence ...
View articleThe creation of an effective sustainability standards infrastructure requires not only high-quality sustainability reporting and assurance standards, ...
View articleChanges will help to make accounting profession more attractive, ICAEW boss says Read More...
View article38% of firms required significant improvements, prompting the council to state Tier 2 and Tier 3 firms must "prioritise audit quality improvements and...
View article