Accountants tighten grip on FTSE-100
Chartered accountants have strengthened their hold on FTSE-100 finance director positions, according to a new survey.
Some 56 FTSE-100 FDs have an ICAEW qualification compared with 51 three years ago.
Among the other UK institutes there were mixed results. ICAS had one extra, at six; CIMA fell to 14; and the ACCA had one more at seven. Public sector accounting body CIPFA has none.
Of the 32 companies that appointed new FDs in the last three years, all but three were chartered accountants.
Survey authors from Accountancy Age sister title Financial Director reckon the revival is unlikely to fade following changes to institute qualifications.
And this means the 17 FDs among the UK?s corporate elite who don’t have a qualification from a UK accountancy institute will remain a minority.