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International leadership

ICAEW supports governments and agencies, financial regulators, policymakers and national accountancy organisations in developing nations and emerging capital markets around the world.

We work with international forums such as the G20, G7 and the World Economic Forum to help shape high-level discussion of policy issues and the promotion of international financial stability.


In light of the significant developments in the Chinese economy and its wider impact on global finance and professional services ICAEW worked with Chatham House to produce a report on “Shifting Capital: the Rise of Financial Centres in Greater China” which was launched in Shanghai.

ICAEW recently partnered with AsiaHouse, the leading pan-Asian organisation in the UK, to hold a reception on Trade and Investment Relations between the UK and China.

ICAEW is working with Chatham House on the future of financial centres in China and the accountancy profession’s role in their development.

How ICAEW is working with China to internationalise its finance profession and drive forward one of the fastest-growing economies.

Global governance


At this June’s summit, G8 leaders have an opportunity to reinvigorate the international tax system so it works better for business and society. With political leadership, the business community, the accountancy profession and civil society can help to forge a solution that encourages international growth and trade – and is fair.


Despite a modest return to growth in a number of major economies, countries around the world remain fragile and vulnerable to sudden shocks. The greatest opportunity for the G20 in 2014 is to support the global economy towards sustainable and measured growth. This means implementing policies that support investment and infrastructure, while strengthening economic resilience through reforms like those around international tax rules.

ICAEW, in partnership with Prospect, convened a roundtable event at the Australian High Commission in London which brought together senior diplomats and influential business members to discuss Australia’s presidency of the G20. Guest speakers included the Australian High Commissioner to the UK, His Excellency Mike Rann; Vernon Soare, ICAEW; and the influential business economist George Magnus.

The greatest challenge for the G20 this year will be working to restore trust in business with new measures on tax, trade and transparency. Trust is an essential part of a working economy, and it is needed to help create jobs and build fair societies. But tax avoidance, excessive pay at the top, and allegations of corruption have all helped create a toxic environment for business over the past few years.  ICAEW believes G20 leaders can improve trust by continuing to support the emerging OECD recommendations on tax, use a single set of high quality financial reporting standards and encourage businesses to behave in a socially acceptable way.

Following the two day G20 summit in Los Cabos, Mexico, ICAEW produced a short summary of the communiqué with commentary as to where this year’s commitments overlap with ICAEW’s 2012 submission to the G20.

In our submission to the Rio+20 summit ICAEW called for the members should back the introduction of a single set of global standards for reporting on financial, environmental, social and governance information – integrated reporting.

In our submission to the G20 this year, ICAEW is calling on the leaders of the 20 largest economies to focus on proper implementation of financial reforms, a longer term attitude to public finances, free trade, natural resources and tackling corruption.

In June Mexico will host the 2012 G20 leaders’ summit, ahead of this ICAEW hosted a private forum with H.E Eduardo Medina-Mora Icaza, Mexican Ambassador to the UK, to discuss the role of business and the growing influence of emerging economies in the G20 process.

Michael Izza, ICAEW Chief Executive, recently attended the World Economic Forum in Davos to engage in discussions on global solutions to the financial challenges of 2012. ICAEW produced a short briefing containing our key recommendations and comments from the forum.

ICAEW held a private parliamentary roundtable with Chris Leslie MP, Shadow Financial Secretary to the Treasury, following the G20 summit in Cannes. The forum brought together leading business stakeholders and senior diplomats to consider what the outcomes of the G20 summit mean for the global economic recovery.

French Ambassador H.E. Bernard Emié set out the French presidency’s G20 priorities at Chartered Accountants’ Hall.

Following the two day G20 summit in Cannes ICAEW produced a short summary of the communiqué, with commentary as to where it overlaps with ICAEW’s submission to the G20.

Ahead of the G20 summit, ICAEW recommends that leaders convening in Cannes should commit to sound long-term public finances and free trade, in order to ensure a sustainable recovery.

Policy summits

For our latest global policy summit, ICAEW gathered forty senior City and political figures in London to discuss the long-term legacy of the financial crisis.

ICAEW is bringing leading figures in finance together for a series of summits exploring the future of the financial system and the economy.

International development

Letter from Vernon Soare, Executive Director of Professional Standards, to the International Select Committee regarding their inquiry 'Tax in developing countries : Increasing resources for development'.

The US Elections 2012

The next four years: What US decisions mean for global business.

The 2012 US elections won’t just shape the political landscape for 300 million Americans. The outcome will also have a profound impact on businesses operating around the world. No matter who wins, in the next four years, the US government will face three major challenges:

  • Public finances and tax: How to put the public finances on a sustainable footing.
  • Market regulation: How to reform banks and make them safer.
  • US influence in the world: How to work with international institutions and rule-makers.

In this paper, we outline some of the challenges and decisions awaiting the victors of the US 2012 elections. We also take a look at how those decisions will impact business internationally. We focus on the financial sector, where a large proportion of ICAEW members work, and which has a systemic impact on the business climate.

We hope this will help our members, and the broader business community, to understand and anticipate how evens in the US will impact business everywhere. Our insights draw on our technical expertise, the experience of senior chartered accountants working across business and participants in our series of international policy summits.

For more information please email Joel Spreadborough or phone on 020 7920 8622.