Jurnal Ilmiah Akuntansi dan Bisnis
Vol 16 No 1 (2021)

British-Qualified Accountants outside the UK: Post-Brexit Case

Ousman Jallow (School of Business and Public Administration, The University of The Gambia, Kanifing, The Gambia)
Zaenal Fanani (Faculty of Economics and Business, Airlangga University, Indonesia)
Hamidah Hamidah (Faculty of Economics and Business, Airlangga University, Indonesia)



Article Info

Publish Date
26 Jan 2021

Abstract

This study aims to explore the impact of Brexit on the employment of accountants and auditors who already had a UK qualification. This study also assesses if they will be allowed to work outside the UK after Brexit. This study used data collected through interview and collation of previous research articles, reports magazine, and other secondary source of data. Results revealed that auditors and accountants might be potentially affected negatively by a change in their capacity to carry out audits and accounting service across borders, as the number of those who carry out such work may be quite small. This paper hopes to serve as a useful insight for stakeholder discussions, such as practitioners and standard setters, and in making decisions on strategy in the medium term and the regulation of the accountancy and audit profession post-Brexit. As the shape of Brexit becomes more explicit, the Financial Reporting Council's primary objective is to have a seamless transition and a continuation of high professional standards and a properly functioning audit and accountancy profession. Keywords: Brexit; Accountants; European Union; United Kingdom

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Journal Info

Abbrev

jiab

Publisher

Subject

Economics, Econometrics & Finance

Description

JIAB exists to publish high quality research papers in accounting, corporate finance, corporate governance and their interfaces. The interfaces are relevant in many areas such as financial reporting and communication, valuation, financial performance measurement and managerial reward and control ...