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PRACTICE | PROFILE

Building Kudos ACCA members Michael Scott and Alun Morgan have created Kudos, a new international network for accountancy firms that has one overriding focus: quality control

▲ THEN THERE WERE TWO… Kudos has emerged from Scott and Morgan’s training company PCP

ACCOUNTING AND BUSINESS

Later this month a select but internationally minded gathering of small accountancy firms will take place in Manchester. It will be the first conference for members of Kudos International, a new network of firms set up as a private for-profit company by Michael Scott and Alun Morgan, two ACCA members with huge experience of advising practices on audit quality, compliance and practice management. Kudos International officially went live on 1 October 2012. ‘This network is based on quality control,’ Scott says. ‘That’s the USP. You can only join if you are prepared to sign up to the quality control requirements. With a lot of associations you just pay a small annual fee and off you go.’ Firms wanting to join Kudos are assessed for their quality control standards before getting the green light for admission. The idea for the network grew out of the work that Scott and Morgan do through their company PCP, a finalist in the ‘training provider’ category of the British Accountancy Awards 2013. ‘We set up PCP 13 years ago as a training company to provide compliance services to firms of accountants, particularly small and medium-sized firms,’ Scott says. PCP’s clients include ACCA, with which Scott and Morgan have worked on numerous products and workshops. One of the more popular workshops, a practical guide for audit compliance for partners and managers, now runs in Cyprus, Malta, Botswana, Malawi, Trinidad, Barbados and the Bahamas, as well as in London and Manchester. ‘Some of the firms we met began asking us about setting up a network, particularly in Cyprus, where a lot of international work goes on,’ Scott says. ACCA’s international reach has played a key role in supporting the network, as has the spread of International Standards on Auditing, which make it possible for firms in different countries to work in the same way. In the network’s first year, Scott and Morgan have been working hard trying to

AB UK – November / December 2013  

AB UK – November / December 2013 (Accounting and Business magazine Published by / Copyright – ACCA)

AB UK – November / December 2013  

AB UK – November / December 2013 (Accounting and Business magazine Published by / Copyright – ACCA)