Uber era dawned for accountants and tax advisers?

Teresa Peter
Jul 24, 2017 · 2 min read

At the general meeting of the Institute of Accountants and Tax Consultants (IAB), Minister Koen Geens was invited to explanations given about the impending new company law. Besides including the digitization that characterizes the sector, showed that these new regulations would affect the role of accountant and tax consultant play today. Where it has long been clear that this role is not limited to preparing the financial statements it appeared that their dual role is crucial: both as the primary adviser to companies, as well as trust provider in the public interest.

All Related Business: chartered accountants in hounslow

The General Meeting of the Institute of Chartered Accountants and Tax Consultants (IAB) welcomed the end of April Minister Koen Geens as guest speaker. This was obviously no coincidence considering we are on the eve of the new company law. The simplification of the types of businesses with a high degree of flexibility in the BVBA, the elimination of capital and capital replacement rules and the protective rules by different and more efficient creditors, will fundamentally affect the day to day conduct of the profession.

But it is not some regulatory changes that give a different face as an auditor and tax consultant. President Benoît Vanderstichelen already gave his word that the technical evolution including digitization, competition, demand for more personalized and strategic advice in addition to the traditional reporting obligations need not threaten but rather create new opportunities that the role of accountant and tax consultant as the primary advisor to confirm the company.

To fill in pragmatic, the ambitious legislation did Vice President Bart Van Coile a warm appeal to the minister to consult in the ILO to assess the practical consequences of the people in the field.

He also emphasized the duality in the position of auditor and tax consultant who also is one of trust provider in the public interest. After all, the role they currently play all under the law on the continuity of enterprises -which will now be integrated into the Code of direct economic is intended as guidance to the entrepreneur but is also relying on targeted by promoting social interaction in the financial stability of mainly SMEs.

The change of the profession who wants to convert a combination of knowledge, know-how and social skills, is the common thread for the challenges IAB in 2017 in innovative projects. The key concepts and collars herein are appropriate disciplines for access to the professions, specialization and proper titles, objectification commands (assurance and non-assurance services by ISRS 4410), an evolution of the content of professional titles. The e-mandate, the growing rapprochement between the Institutes and the policy on communication and the fight against tax fraud. The Uber time for accountants and tax consultants irreversibly arrived!

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