RegulationAccounting StandardsICAEW president warns against threat of more rules

ICAEW president warns against threat of more rules

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

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