History
The CCAB was founded in 1974 by all six British and Irish professional accountancy bodies with a Royal Charter. The same six bodies are the United Kingdom professional bodies that belong to the International Federation of Accountants.
The primary objective of the CCAB is to provide a forum for the member bodies to discuss issues of common concern, and where possible, to provide a common voice for the accountancy profession when dealing with the United Kingdom government.
As of 2005, running costs were shared roughly in proportion to shares held, as follows: ICAEW 52%, ACCA 17%, CIMA 15%, CIPFA 6%, ICAS 7% and ICAI 3%.
On 2 March 2011, CIMA announced that it would be leaving CCAB. In the previous decade, CIMA had positioned itself as "a strong supporter and key member of CCAB". However, since the formation of the Financial Reporting Council as the regulator for accounting matters, CCAB had become more focussed on audit and therefore less relevant to CIMA members.
Read more about this topic: Consultative Committee Of Accountancy Bodies
Famous quotes containing the word history:
“The custard is setting; meanwhile
I not only have my own history to worry about
But am forced to fret over insufficient details related to large
Unfinished concepts that can never bring themselves to the point
Of being, with or without my help, if any were forthcoming.”
—John Ashbery (b. 1927)
“False history gets made all day, any day,
the truth of the new is never on the news
False history gets written every day
...
the lesbian archaeologist watches herself
sifting her own life out from the shards she’s piecing,
asking the clay all questions but her own.”
—Adrienne Rich (b. 1929)
“The history of the past is but one long struggle upward to equality.”
—Elizabeth Cady Stanton (1815–1902)