In an interview with The Scotsman, Colella said that despite
predictions in Accountancy Age’s
that ‘sparks could fly’ between the two individuals in 2007, the opposite
‘We are building strong links in a spirit of collaboration and want to leave
the tensions behind us,’ said Colella.
ICAS has heavily criticised ICAEW plans to change the name of the institute
to the Institute of Chartered Accountants, and first minister of Scotland Jack
McConnell also objected to the Privy Council about the ICAEW’s plans.
But in the past few months strong ties had built between the two institutes,
ICAS is also staging a conference in New York, in conjunction with the
American Institute of Certified Public Accountants, where ICAS will call for
more room in accounting for professional judgment over strict rules.
‘We are starting to see a loosening of the Sarbanes-Oxley rules and our view
is that this is coming at the right time because the debate is at a point where
Americans are asking the question about principles,’ said Colella.
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
Accountancy Age Jobs is delighted to announce the launch of a brand new look website for finance and accountancy professionals
The UK gender pay gap will not close until 2069 unless action is taken to tackle it now, according to new research by Deloitte
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