RegulationAccounting StandardsICAS applauds Irish ‘accountants’ plan

ICAS applauds Irish 'accountants' plan

Irish government plans to give legal recognition to term 'accountant'

ICAS has applauded the move by the Irish government to look to give legal
recognition to the term ‘accountant’.

Scottish institute chief Des Hudson has described the statement by trade
minister Micheal Martin – that there is merit in the statutory definition of the
profession – as ‘significant’ in UK institutes’ battle to achieve the same
distinction.

‘We believe that this statement is very significant in terms of advancing our
own arguments for similar protection in the UK,’ said Hudson.

Hudson said a similar move in the UK would be about protecting the public
from unregulated accountants, as opposed to protecting the wellbeing of the
accounting profession.

‘It is first and foremost about protecting the public from unregulated and
unqualified cowboys who currently are able to describe themselves in the same
way as our highly-qualified CAs.’

Hudson urged the DTI to consider the same distinction in the UK.

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