Consultative Committee of Accountancy Bodies

Consultative Committee of Accountancy Bodies

The Consultative Committee of Accountancy Bodies (CCAB) is an umbrella group for the chartered professional bodies of British qualified accountants.

The CCAB was formed in 1974 and has six members:

The primary objective of the CCAB is to provide a forum for the member bodies to discuss issues of common concern, and where possible, to provide a common voice for the accountancy profession when dealing with the United Kingdom government.

All the British and Irish professional accountancy bodies with a Royal Charter were the founder members of the CCAB. The same six bodies are the United Kingdom professional bodies that belong to the International Federation of Accountants.

As of 2005, running costs were shared roughly in proportion to shares held, as follows: ICAEW 52%, ACCA 17%, CIMA 15%, CIPFA 6%, ICAS 7% and ICAI 3%.[1]

Many job advertisements for accountants in the United Kingdom specify CCAB qualified in cases where an employer wishes to hire a professional accountant, but has no specific preference as to which institute.

On 2 March 2011, CIMA announced that it would be leaving CCAB. In the previous decade, CIMA had positioned itself as 'a strong supporter and key member of CCAB'.[2] However, since the formation of the Financial Reporting Council as the regulator for accounting matters, CCAB had become more focussed on audit and therefore less relevant to CIMA members.[3]

Consultative Committee of Accountancy Bodies - Ireland

In the Republic of Ireland, the Consultative Committee of Accountancy Bodies - Ireland (CCAB-I) performs similar functions.[1] Its members are:

References

  1. ^ CCAB six patch up differences, Accountancy Age, 7 Jul 2005
  2. ^ Umbrella body under threat as ICAS denounces merger, Accountancy Age, 23 Jun 2005
  3. ^ Cima to leave CCAB accountancy forum, Public Finance, 2 March 2011

External links


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