Institute and watchdog discussed controversial recruitment strategy

ICAEW chief executive Eric Anstee revealed in today’s council meeting that he
had been contacted by professionals’ watchdog POB over the institute’s
controversial recruitment strategy prior to concerns flagged up by CIMA chief
Charles Tilley.

Anstee said that prior to Tilley contacting the Professional Oversight Board
over concerns about the ICAEW’s aggressive recruitment strategy, which has seen
the institute look to encourage accountants from other bodies to take up the
ICAEW qualification, POB had already contacted the ICAEW over the matter.

‘The process was pre-cleared, or at any rate pre-discussed,’ said Anstee.

However it is still unclear as to the POB’s current stance following
complaints by Tilley that the scheme was ‘confusing the marketplace’.

Graham Durgan, who was set to formally take up the presidency of the ICAEW
today, was absent from the meeting at which current president Ian Morris kept
hold of the reins for another six months.

Durgan stepped down from his candidacy in an unprecedented move last week,
following controversy over his majority shareholding in a training company that
was awarded preferred supplier status by the institute.

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