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:
“Every generation rewrites the past. In easy times history is more or less of an ornamental art, but in times of danger we are driven to the written record by a pressing need to find answers to the riddles of today.... In times of change and danger when there is a quicksand of fear under men’s reasoning, a sense of continuity with generations gone before can stretch like a lifeline across the scary present and get us past that idiot delusion of the exceptional Now that blocks good thinking.”
—John Dos Passos (1896–1970)
“I believe my ardour for invention springs from his loins. I can’t say that the brassiere will ever take as great a place in history as the steamboat, but I did invent it.”
—Caresse Crosby (1892–1970)
“When we of the so-called better classes are scared as men were never scared in history at material ugliness and hardship; when we put off marriage until our house can be artistic, and quake at the thought of having a child without a bank-account and doomed to manual labor, it is time for thinking men to protest against so unmanly and irreligious a state of opinion.”
—William James (1842–1910)