• Register
Return to: Home > News > Service Lines > CIPFA is revoked as an audit qualifying body

CIPFA is revoked as an audit qualifying body

The Chartered Institute of Public Finance and Accountancy (CIPFA) has been revoked by the UK Financial Reporting Council (FRC) as an audit qualifying body, effective from 18 December 2017.

The decision is with CIPFA’s consent as there are no CIPFA members holding a CIPFA awarded audit qualification.

CIPFA learning delivery and partnership director Giles Orr said the qualifying body status for company audit has been in abeyance for some time.

“CIPFA has in the past offered an additional qualification path, allowing its members to become registered auditors for Companies Act audits but this has not been offered for some time. As the majority of audit work by CIPFA members is carried out under different statutory frameworks to the Companies Act, we mutually agreed to annul our recognised qualifying body status,” he said.

CIPFA was recognised as an audit qualifying body in 2005 and has been revoked under the provisions of the Companies Act 2006. The decision does not affect CIPFA’s recognised qualifying body status under the Local Audit and Accountability Act.

Top Content

    Choosing the right location can have cast-iron benefits

    As Game of Thrones, one of the biggest television shows of all time, comes to an end, Joe Pickard looks at how tax incentives offered to television and film production companies help the wider economy.

    read more

    Primary financial statements: a game changer in reporting?

    International Accounting Standards Board chair Hans Hoogervorst delivered a speech at the Seminario International sobre NIIF y NIF, organised by the Consejo Mexicano de Normas de Información Financiera in Mexico. The Accountant presents the highlights.

    read more

    FASB readies standards for the netflix generation

    The US Financial Accounting Standards Board (FASB) has updated its accounting standard for entertainment, with a specific eye on keeping up to date with how episodic content, such as television programmes, is consumed in the modern world. Jonathan Minter reports.

    read more

    Brexit: why it takes two to tango

    Former TA editor Vincent Huck, now editor of Insurance Asset Risk, looks at why Brexit might unleash geopolitical intrigue in Europe’s accounting standard-setting scene – and why IFRS 17 will be an incredible source of opportunity for firms in the coming years.

    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.