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.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
Hundreds of jobs are secure after Spectrum Contracting has been sold out of administration to Minstrell Recruitment by FRP Advisory
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
The Practitioner discusses their timesheet militancy, and reaction to someone playing it fast and loose with the details...