EU votes for freedom of movement

EU votes for freedom of movement

Fears have emerged that European bureaucracy could hinder efforts to allow
qualified accountants to work anywhere in the EU.

The concern follows a European parliament vote that approved the recognition
of professional qualifications directive, which brought together 15 existing
proposals on accounting qualifications. The directive is aimed at improving the
free movement of professionals across EU borders while simplifying the system.

‘With this directive, we will inaugurate a new era for professionals
migrating within our internal market,’ said internal markets commissioner
Charlie McCreevy. However, Allen Blewitt, chief executive of ACCA, foresaw
problems with red tape despite welcoming the directive in principle .

‘One area we would be worried about is this mega-European committee to assess
all professional qualifications,’ said Blewitt. ‘It sounds like a log-jam. It’s
hard to see how you can create a committee to do that effectively for the whole
of Europe.’

He suggested a system where the EC would accept recognition of qualifications
by the Professional Oversight Board for Accountancy ‘rather than creating
another level of Eurocrats’.

Related Articles

Kingman has missed the point

Accounting Standards Kingman has missed the point

2m Richard Murphy
Take action now to help clients protect SME payable R&D tax credit

Accounting Standards Take action now to help clients protect SME payable R&D tax credit

3m Jenny Tragner
New IASB/FASB lease accounting standards: what happens after the dust settles?

Accounting Standards New IASB/FASB lease accounting standards: what happens after the dust settles?

3m Craig Gillespie
Five reasons why your IFRS 9 project may have already failed

Accounting Standards Five reasons why your IFRS 9 project may have already failed

3m Nitin Iyer, Director in Global Risk Practice, Finastra
Is it time for moratorium on board room positions for former partners?

Accounting Standards Is it time for moratorium on board room positions for former partners?

5m Gary Dixon, Association of Independent Non-Executive Directors
Lease accounting standards: are multinationals sitting on a ‘leaseberg’ of huge proportions?

Accounting Standards Lease accounting standards: are multinationals sitting on a ‘leaseberg’ of huge proportions?

9m Ross Chapman, Aptitude Software
Demystifying GDPR for accountants

Accounting Standards Demystifying GDPR for accountants

1y Ellen Temperton, Lewis Silkin
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

1y Emma Smith, Managing Editor