The [1] ICAEW, supported by the Confederation of British Industry, will today call on US regulators to ‘mutually recognise’ the rigour of British accounting standards, rather than try and impose the US system on British headquartered and regulated companies.

According to the Daily Telegraph, both organisations will be represented at a round table debate of senior accounting and auditing figures, regulators and corporate leaders from both the UK and US in London.

Richard Lambert, the CBI’s director general and Robert Hodgkinson, the institute’s technical director, will speak alongside their colleagues from the US against the rules-based approach coming from Washington in the wake of Sarbanes-Oxley and other corporate governance measures.

[2] AccountancyAge:ICAEW to call for more US recognition