RegulationAccounting StandardsInstitute and watchdog discussed controversial recruitment strategy

Institute and watchdog discussed controversial recruitment strategy

ICAEW chief Anstee had spoken to POB over recruitment strategy prior to CIMA complaints, he claims

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.

Related Articles

EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

1w Emma Smith, Managing Editor
The great professional services shake-up

Accounting Standards The great professional services shake-up

1m Fergus Payne, Lewis Silkin
What do clients actually want from an accountant?

Accounting Standards What do clients actually want from an accountant?

2m Emma Smith, Managing Editor
IASB overhauls insurance accounting with issuance of IFRS 17

Accounting Standards IASB overhauls insurance accounting with issuance of IFRS 17

5m Alia Shoaib, Reporter
Flag It Up! How accountants can protect themselves from money launderers

Accounting Standards Flag It Up! How accountants can protect themselves from money launderers

7m Emma Smith, Managing Editor
Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

Accounting Standards Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

3m Alison Conley
Membership of the accountancy profession on the rise

Accounting Standards Membership of the accountancy profession on the rise

3m Alia Shoaib, Reporter
The real price of mates' rates in the provision of professional services

Accounting Standards The real price of mates' rates in the provision of professional services

4m DAC Beachcroft