Federation of Accountants (IFAC) has released a policy position on
professional regulation of the accountancy profession, stating professional
accountancy bodies, acting in the public interest, must play an active role in
the regulation of the profession.
The paper, Regulation of the Accountancy Profession, outlines various types
of regulatory models and how they can be implemented and discusses the roles of
professional accountancy bodies and governments.
The paper urges professional accountancy to continue its dialogue with
governments to find the right balance between self-regulation with public
oversight and external regulation.
This dialogue is crucial to guarantee overall regulation of the profession is
of high quality and the benefits of regulation exceed the costs by ensuring
regulatory systems change over time as market demands for accountancy services
Engineering and technology executives have voiced concerns over the government’s industrial strategy and the need to fill the R&D funding and long-term investment gap in a post-Brexit Britain
This year’s Finance Act is 649 pages, the second longest recorded, and highlights the increasing complexity for taxpayers of an ever expanding tax code
The International Integrated Reporting Council (IIRC) and the CIPFA have launched an introductory guide for leaders on integrated thinking and reporting
Accountancy Age is delighted to reveal the shortlists for the 2016 British Accountancy Awards