PracticeAuditICAEW, ICAS lag behind institute rivals

ICAEW, ICAS lag behind institute rivals

Exclusive research reveals the two traditional accountancy institutes in the UK are lagging behind their newer rivals in significant areas.

A document to be published by the Accountancy Foundation will offer a complete picture of the accountancy industry by comparing all six UK and Irish accountancy bodies.

But the startling news is the differences between the growth rates of ACCA and the ICAI compared with ICAEW and ICAS.

ACCA has raced ahead with a membership growth rate of 52.3% since 1996 which executive director Andrew Harding puts down to the flexibility of its qualification.

However, some institutes are already sounding a warning about drawing conclusions on the new data.

Mandy Lavin, director of professional services at CIMA, welcomed the document as a ‘landmark achievement’ but added: ‘They are rough estimates. They are certainly not exact figures with which to compare the bodies. It merits further underlying analysis.’

Colin Reeves, head of the Foundation’s Review Board, said the information will be compiled on a yearly basis from now on.

To read the full statistics click here

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