ICAEW, ICAS and ICAI join Global Accounting Alliance
The three premier bodies representing Chartered Accountants in the UK – the Institute of Chartered Accountants in England & Wales (ICAEW), the Institute of Chartered Accountants of Scotland (ICAS) and the Institute of Chartered Accountants in Ireland (ICAI), have come together with six other professional accounting organisations whose members serve the major capital markets to form the Global Accounting Alliance.
Representing over 700,000 of the world’s leading professional accountants, the Global Accounting Alliance will promote quality professional services, global membership support, share information and collaborate on important international issues. The Alliance will work with national regulators, governments and stakeholders, through member-body collaboration, articulation of consensus views, and working in collaboration, where possible, with other international bodies.
Said Eric Anstee, Chief Executive of the ICAEW: “This is an important step in the development of a global approach for our profession and for our respective bodies. By working more closely with our colleagues in the other capital markets around the globe, we will be able to provide leadership to the profession, working as one on key issues and initiatives that are important to our members.”
Added Des Hudson, Chief Executive and Secretary of ICAS: “Increasingly, the roles of Chartered Accountants or indeed their career aspirations mean they work in countries other than their own. Through the Global Accounting Alliance, we will be better able to support our overseas members as well as promoting the portability and recognition of their national qualifications.”
Concluded Pat Costello, Chief Executive of ICAI: “The Global Accounting Alliance builds on the existing and close working relationships between the international bodies. There are a number of issues facing our members where our voice will be much stronger if we speak as one body. The Global Accounting Alliance will play an important role in representing the views and interests of our members with national regulators, governments and stakeholders.”
The founding members of the GAA are:
* American Institute of Certified Public Accountants (AICPA)
* Canadian Institute of Chartered Accountants (CICA)
* Hong Kong Institute of Certified Public Accountants (HKCPA)
* Institute of Chartered Accountants in Australia (ICAA)
* Institute of Chartered Accountants in England and Wales (ICAEW)
* Institute of Chartered Accountants in Ireland (ICAI)
* Institute of Chartered Accountants of Scotland (ICAS)
* New Zealand Institute of Chartered Accountants (NZICA)
* South African Institute of Chartered Accountants (SAICA)