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US-UK deal on accounting qualifications stalls after disputes

Summary by Financial Times
Agreement would help top firms to move staff working on audits of banks and dual-listed companies

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Financial TimesFinancial Times
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US-UK deal on accounting qualifications stalls after disputes

Agreement would help top firms to move staff working on audits of banks and dual-listed companies

·London, United Kingdom
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The AccountantThe Accountant

US-UK accounting deal stalls over audit training standards

Negotiations to enable US accountants to practise in the UK, and vice versa, have stalled amid disagreements, including how to evaluate the standard of American audit training, the Financial Times has reported. The proposed agreement, which would allow US accountants to practise in the UK and UK accountants to work in the US, was intended to facilitate the movement of auditors at top firms, especially when working on audits for large banks and d…

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Financial Times broke the news in London, United Kingdom on Wednesday, April 2, 2025.
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