ICAEW members will be asked to vote this week on controversial member regulation proposals and an extension of its education system through a new corporate finance qualification.
The ballots, which were posted yesterday, propose major changes to the institute’s relationship with its members. Votes will be held on practice assurance, a compulsory inspection regime and continuous professional development, a system of ‘top-ups’ for accounting qualifications.
The institute is also asking members to vote on the adoption of a new qualification in corporate finance. It is the second proposed addition to the institute’s syllabus after an IAS course was announced earlier this year.
A ‘yes’ vote would strengthen the institute’s focus on corporate finance, following the 1997 introduction of a dedicated faculty to provide professional support for members practising in the field.
The membership ballot became controversial earlier this month after Eric Anstee, the institute’s chief executive, said a ‘no’ vote would not be an end to practice assurance.
Opponents of the scheme suggested that the institute was behaving ‘undemocratically’.
Voting closes 6 June and the results will be announced two days later.