“This agreement is a positive step for chartered accountants in New Zealand and the UK, and a boost for UK audit firms which will not only improve the quality of the audit markets in both countries but enhance auditor mobility as well.
“This deal is the first of its kind and further reinforces the government’s commitment to recognise professional qualifications internationally. It is a significant move post-Brexit, and hopefully the first of many similar deals to be agreed in the near future.
“However, while encouraging, it’s vital that the administration and operation of these deals don’t place a disproportionate burden on applicants or professional bodies, and we’re committed to working with the FRC to ensure the framework is properly introduced.”
ENDS
Notes to editors:
You can read the FRC's announcement here.
Contact: ICAEW media office media.office@icaew.com, tom.mackintosh@icaew.com