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 some countries 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.
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season