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Europe Region

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.

"Europe

ICAEW’s commitment to European markets

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.

Publications

What we do

ICAEW Qualifications and programmes

Qualifications and programmes available in Europe

Relation to UK audit rights

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.

Join us as a member of another accountancy body

Reputation and influence

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:

Working in partnership with global and regional organisations to promote good practice.

Consulting and working with the profession

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.  

Member support and networking

What we are working on

News from the Europe Region

  • Brussels annual lecture and spring reception: On 11 May, renowned Australian writer Jane Gleeson-White visited Brussels to hold this year’s annual lecture on the topic ‘How numbers have become so powerful’. Jane took the audience of around 100+ policy-makers, members and friends on a captivating historical journey from the origins of GDP to today’s globalised financial world. She challenged the usefulness of the GDP in today’s complex and increasingly digital economic environment, arguing that the ‘GDP as the only measure of wealth is coming to an end’. Ruth Paserman, deputy head of Commissioner Marianne Thyssen's cabinet, who is also responsible for Eurostat, provided an EU perspective, highlighting recent initiatives at EU level to better capture economic developments. A brief summary is available here.
  • As entities begin gearing up to apply the IASB’s new revenue standard, we organise several events in Cyprus (Nicosia/Limassol) to provide an overview of its key requirements and how they will affect you. We will also look at other new and revised standards effective in 2016 and beyond, including the newly issued leases standard. Interested? Find out more here.
  • An incredible 600 people turned up to the Hilton Park Nicosia on the 28 January to celebrate the success of 135 Cypriote ACA students and new members. They heard keynote speeches from George Appios, CEO of Piraeus Bank, and Demetris Vakis, ICPAC president. 
  • On 27 January, we organised a debate on ‘A Single Market for business services’. The event provided a good opportunity to consider how Europe can tackle persisting barriers to cross-border activity. The context to this is the European Commission’s new strategy for the single market, which focuses on those services sectors with the greatest economic potential – including accountancy and law - as well as a mutual evaluation exercise of regulated profession across the EU. Vicky Ford MEP, chair of the European Parliament’s internal market committee, delivered the keynote speech for the discussion, also taking into consideration the upcoming stay or leave referendum in the UK. The following panel debate included speakers from the Law Society, BUSINESSEUROPE and the European Commission.
  • EU keen to ensure consistent implementation of BEPS actions. The European Commission unveiled its Anti-Tax Avoidance Directive on 28 January, providing a set of measures to ensure consistent implementation of BEPS actions across member states. ICAEW welcomed the latest communication, including a draft ‘Anti-BEPS’ Directive, as part of the international work to change domestic tax regimes and reconfigure the international tax system. The Europe Region, in close cooperation with the Tax Faculty, will continue to lead the debate on tax at European level through the EU policy series on a better tax system.
  • Work shadows @ Europe Region office. During the week of 25 January, the Europe Region team welcomed two work shadows from Belgium. This initiative, driven by the British Chamber of Commerce, helps local students to gain first work experience in English and gives them the opportunity to explore potential career paths. The two students assisted in the preparation of ICAEW policy debates, participated in external policy discussions on vocational training and helped the team with small research and operational tasks.
  • The joint ICAEW-R3 event in Brussels on 7 December 2015 brought together a number of interested parties and stakeholders to encourage a thoughtful and informed discussion on how to reform insolvency regimes in the EU. Moderated by Samantha Bewick, Chair of ICAEW Insolvency Committee, the event was an opportunity to exchange views on likely EU insolvency legislative action to address differing legal frameworks and practices within the context of the Capital Markets Union (CMU) initiative – and to thereby encourage the free flow of capital across borders. A summary of the debate can be found here
  • In October, ICAEW’s IT Faculty delivered the latest roadshow in Cyprus and Greece, focused on managing risk in a digital world. The roadshow was a great opportunity to share our thinking with many different stakeholders, and bring back experience from the Region into the faculty’s work. More
  • We have now published the latest synopsis in the ICAEW-PwC EU series on Sustainable Public Finances. Governments across Europe are facing a massive challenge: they need to get the budget deficit and debt levels down while continuing to deliver operational and policy priorities. Add in the challenge posed by the continent’s demographic aging and the pressures on European public finances in the coming decades seem to mount and mount. We discussed with senior national and EU stakeholders how Europe can achieve more with less. More
  • 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.  

CABA

Chartered Accountants' Benevolent Association (CABA) provides advice and practical support to current and former ICAEW chartered accountants and their families. Find out more information on how they can help, including about the CABA helpline. 

Events

Contact us

You can contact the staff in the Europe office using the details below:

ICAEW Europe Limited
Rue de la Loi 227
1040 Brussels
Belgium
E: Europe@icaew.com