1. Counter falling membership

ACCA could overhaul the ICAEW’s membership as early as 2008.

2. Competition to reputation

CIMA is growing in stature, threatening institute reputation for delivering the best qualification for career development within UK plc.

3. Attract more students

From 1999 to 2004 ACCA and CIPFA grew student rolls by 40%. ICAEW intake dropped by a quarter.

4. Implement a new syllabus

New (delayed) syllabus must meet needs of students and employers.

5. Restore leadership’s standing

The merger efforts damaged relations with grass roots.

6. Rebuild relations with CCAB

The profession needs, at times, to speak with one voice.

7. Improve decision making

Council is large and unwieldy.

8. Merger

A strategic imperative if the institute is to remain competitive.

9. Expand internationally

If serious growth is going to come, it will come from abroad.

10. Financial security

Continue to service high cost base without hiking membership fees.