In the first meeting of its kind, representatives from bodies including the ICAEW’s IT Faculty discussed ways they could work together and share resources with each other.
The meeting, held last Wednesday in Andersen’s Surrey Street offices, was attended by representatives from three of the Big Five and six professional IT bodies.
John Oates, chairman of the technical committee of the IT Faculty, said: ‘Informal discussions have taken place and announcements are likely next month.’
Part of the reasoning behind closer co-operation is concern the UK is lagging behind Canada when it comes to providing guidelines on international professional standards.
If the bodies can reach agreement, it would allow them to ensure the UK takes a lead in developing IT audit standards.
The IT faculty’s website is at www.itfac.co.uk.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.