ICAEW's Europe Region, headquartered in Brussels, significantly enhances our ability to offer access to the portfolio of ICAEW qualifications and capacity building services. It facilitates our work on technical and regulatory issues in partnership with professional institutes across Europe.
In 1994 ICAEW assumed an EU presence in Brussels – the first national professional accountancy body to do so – and since then has constructively engaged with an extensive range of senior EU policy makers and stakeholders. In keeping with ICAEW’s founding Royal Charter of 1880, this engagement has been pursued in the public interest and has addressed numerous EU policy matters and other initiatives, most notably in the financial reporting, auditing, governance, tax, enterprise, sustainability, financial services and public finance spheres.
The Europe Region covers most of continental Europe, including all member states of the EU (beyond the UK, our headquarters), the European Economic Area, as well as current and likely future candidate countries for EU accession.
Information developed for national regulators in the EEA area to assist to appropriately recognise the level of ICAEW's qualification and recognise migrant auditors applying under article 14 of the EU Statutory Audit Directive.
ICAEW is highly regarded for its technical excellence and thought leadership and as a result is able to act as a key policy influencer on a wide range of European and international issues. We regularly share our expertise by preparing briefings and responding to consultations on issues of direct relevance to the accounting and audit profession as well as on wider policy issues, including enterprise policy, sustainability and the public sector.
ICAEW is actively involved in major debates at EU level, stimulating informed debate among key stakeholders. Find out more about our on-going policy debates:
ICAEW works with stakeholders in several European countries on many different levels and projects. Below are some examples:
EU: We are a founding member of FEE, the Federation of European Accountants, which acts as a consolidating representative voice of European accounting bodies. ICAEW is represented in all major FEE Working Groups and actively inputs into FEE’s work at European level. ICAEW is also a member of the British Chamber of Commerce in Belgium and the Confédération Fiscale Européenne (CFE). Find out more about global and regional partnerships here.
APSF: The Accountancy Profession Strategic Forum (APSF) was conceived by ICAEW following discussions with professional bodies in Central, Eastern and Southern Europe. These discussions identified many common challenges, and, above all, a common interest in sharing experience and developing strategic thinking. The APSF is based on a partnership approach with an annual meeting organised by ICAEW with a host professional body. Find out more.
Common Content Project: ICAEW is working closely alongside a number of FEE member bodies in the Common Content Project, which seeks to unify the professional entry-level qualifications of the participating institutes. The project seeks to maximise the common elements of the professional qualifications while retaining national elements unique to each country.
Cyprus: ICAEW has excellent relations with Institute of Certified Public Accountants of Cyprus (ICPAC). A special ICPAC members’ area can be accessed here.
Greece: ICAEW and SOEL (the Institute of Certified Public Accountants in Greece) have launched the Accredited Membership Programme (AMP), which enables students to study and qualify as chartered accountants and members of both ICAEW and SOEL. More information can be found here.
On 17 June we organised a summer talk in Brussels on ‘Public Accounting from the Medici to the Eurozone crisis’ with Professor Jacob Soll, author of The Reckoning: Financial Accountability and the Making and Breaking of Nations. The talk, moderated by Michael Izza, was part of our summer reception which brought together around 130 EU policy-makers and stakeholders. Professor Soll took us on a whirlwind tour through Renaissance Italy, Louis XIV’s France, the Dutch Republic and the British Empire, highlighting how effective accounting and political accountability can determine success or failure of nations. Nadia Calvino, Director-General for Budget, European Commission, responded to Soll’s presentation, highlighting the overall importance of sustainable public finances for Europe.
More than 90 experts and stakeholders from various background attended the latest ICAEW tax debate on fairness and transparency in Brussels on 4 March (co-hosted by Michael Theurer MEP). Find the latest information about this series as well as a summary of the most recent debates here.
The latest summary of our dinner debate series ‘Sustainable Public Finance: EU Perspectives’ is now available online.
Government Accountability and Reporting: Citizen’s Attitudes and Financial Markets Scrutiny
In the context of anticipated policy developments at EU level aimed at enhancing public sector accounting and financial management among member states, the discussion on 9 December 2014 focused on how greater scrutiny can drive accountability. The debate centred on the critical role citizens, media and financial markets can play in holding governments to account for their financial decisions.