The £3.3m deficit to the end of 2002 compares to a £400,000 deficit for the previous year.
ICAS blamed falling stock markets for the massive increase, which it said had hit pension funds ‘across the board’.
But there was some good news in the accounts with profits to the end of 2002 coming in at £195,000. Although ICAS is a non-profit making organisation it highlights its work in Hong Kong and Romania as a key income generator.
Earnings come from membership fees, courses and the awarding of certificates.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal