ACCOUNTING AND AUDIT FOR A NO DEAL BREXIT

AIA has been working hard with government, other professional bodies and regulators in the UK and European Union since 2016 to explore how Brexit will effect members and - as importantly - their clients. 

During a recent meeting with the Department for Business, Energy and Industrial Strategy, AIA discussed the mutual recognition of professional qualifications across Europe and what Brexit means for the accountancy and audit professions.

Mutual recognition and equivalence in an international financial framework are key to minimising disruption, facilitating trade, and ensuring members of professional bodies - and their firms - conducting business across borders face minimal barriers.

To prepare for the challenges and opportunities presented by Britain exiting the European Union with, or without, a negotiated agreement, AIA members should regularly review the government’s guidance for the accountancy and audit sectors at https://www.gov.uk/guidance/accounting-if-theres-no-brexit-deal and https://www.gov.uk/government/publications/agent-update-brexit-special