Members of Parliament believe accountants will be increasingly in demand during the Brexit process, according to a new study commissioned by AAT (Association of Accounting Technicians) and the Association of Chartered Certified Accountants (ACCA).
The study has revealed 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. In contrast, less than half this number (23%) think Brexit does not represent a good opportunity for accountancy.
The study also found that 55% of MPs believed that EU tax legislation should be reviewed immediately, rather than waiting until Brexit has taken place. Only 18% of MPs disagreed.
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.”