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ACCA and CAT study shows demand for accountants over Brexit process

The Association of Chartered Certified Accountants (ACCA) and the Association of Accounting Technicians (CAT) have published a study showing that Members of Parliament believe accountants will be increasingly in demand during the Brexit process.

The study exposed that almost half of MPs (47%) believe that Brexit will have a positive impact on the accountancy profession, because accountants can advise clients on the implications of exiting the European Union. Less than a quarter of MPs (23%) think Brexit does not represent a good opportunity for accountants.

The study also found that 55% of MPs believe that EU tax legislation should be reviewed immediately, rather than waiting until Brexit has taken place, only 18% of MPs disagreed. However, opinions are divided about the potential effects that Brexit may have on big business, with 42% of MPs believing Brexit will not negatively impact larger businesses, compared to 43% who do.

John Williams, head of ACCA said: “It is good to see that MPs are confident that the accountants will rise to the challenge posed to business by the uncertainties of Brexit. Yet it is even more important that politicians recognise the value the accountancy profession can bring to the UK economy as it enters one of its most profoundly important periods since the Second World War.”

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