After the US-UK disputes, the agreement concludes on accounting stalls

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Negotiations in the United States to allow Accountants to experience in the UK, stopped after disputes, including how to judge the quality of the American audit training.

On both sides of the Atlantic, the heads of the accounting have hoped that the best companies will facilitate the best companies while working on the accounts of large banks and binary list companies.

The opinion will also attract talents to London, and believe that it will open new career opportunities for tens of thousands of people.

The professional authorities in the United States and Scotland, a pilot program in 2018 allowed to recognize each other’s accounting features.

However, in the UK and the attitude of the people involved in the negotiations in the negotiations in the negotiations and to allow qualified people in the UK and Wales.

The pilot, which lasts twice while the talks continue, were allowed to leave silently in the last year.

“I would describe the process as stopped,” said the CEO of the Institute of Institute of Scotland Chartered Accountants.

The UK government said that mutual recognition contracts can increase their inspection skills in England and help domestic companies win abroad. This proposed to make changes to the companies that allow professional institutions to count the external audit experience of auditors in England.

The large four accounting firm – Deloitte, EY, KPMG and PWC, said they support regulators and professional institutions on both sides of people familiar with their conversations.

A large four executors in England, free movement of accountants were important for the level of complex inspections, especially where the double lists of customers.

Cartwright said: “We should not assess the complexity of these great financial institutions. If there is a great audit experience in the United States, if there is a great audit experience, it would be good for everyone.”

In the talks, a sticky point was a need to complete additional work before adding the audit specialty to sign the financial accounts of companies in the UK.

Cartwright said that although the US audit experience may lead to a majority of the audit experience, it was not possible to develop a control system to ensure that American auditors need to study the required skills. “We could not agree on what the obstacle we need.”

The United States has less special experience requirements. The American Institute of Certified Accountants (AICPA) said the US professional body: “As a rule, we expect the same view of the United States, the United States offers licensed accountants from other countries.”

According to British experts, the United States is not wanting to add one of the three main institutions that present the audit qualities in the UK.

AICPA is negotiating with two professional entities – ICAS and the Institute of Accountants in England and Wales (ICAEW) – but not a certificate of Chartered Certified Accountants in the UK.

ACCA, the financial reporting meeting regulating the auditors of the UK, said the final on mutual recognition agreements, and “any regulation agreed by FRC will appeal to all British bodies.” ICAEW refused to comment.

FRC said, “All parties hope to continue working together to close this long-term issue.