• Register
Return to: Home > News > Professional Bodies > ACCA and CAT study shows demand for accountants over Brexit process

ACCA and CAT study shows demand for accountants over Brexit process

The Association of Chartered Certified Accountants (ACCA) and the Association of Accounting Technicians (CAT) have published a study showing that Members of Parliament believe accountants will be increasingly in demand during the Brexit process.

The study exposed that almost half of MPs (47%) believe that Brexit will have a positive impact on the accountancy profession, because accountants can advise clients on the implications of exiting the European Union. Less than a quarter of MPs (23%) think Brexit does not represent a good opportunity for accountants.

The study also found that 55% of MPs believe that EU tax legislation should be reviewed immediately, rather than waiting until Brexit has taken place, only 18% of MPs disagreed. However, opinions are divided about the potential effects that Brexit may have on big business, with 42% of MPs believing Brexit will not negatively impact larger businesses, compared to 43% who do.

John Williams, head of ACCA said: “It is good to see that MPs are confident that the accountants will rise to the challenge posed to business by the uncertainties of Brexit. Yet it is even more important that politicians recognise the value the accountancy profession can bring to the UK economy as it enters one of its most profoundly important periods since the Second World War.”

Top Content

    2018 Digital Accountancy forum and awards: Digital transformation

    The Accountant presents highlights from The Digital Accountancy Forum & Awards 2018 panel discussions

    read more

    2018 Digital Accountancy Forum and Awards: Tech deep dive

    The second panel session of the day saw experts discuss how new technologies should not just be seen as a threat, and could be used to improve accounting.

    read more

    Digital Accountancy Forum and Awards: The power of data

    The third panel discussion of the day saw panellists discuss some of the worries their clients have had, how to overcome them, and how data and technology are providing real business opportunities.

    read more

    Digital Accountancy Forum and Awards: The next generation

    With young people more mobile, and technology changing the industry rapidly, the final panel session of the Digital Accountancy Forum looked at how firms would need to adapt to the new reality

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.