He has promised to maintain the highest standards at the world’s oldest professional body.
The institute made the announcement at its annual general meeting in Edinburgh on Friday.
Johnston is a married father of two and senior partner in a family firm of chartered accountants, W D Johnston & Carmichael, based in Elgin.
He said he would ensure the institute continued toprovide a top quality service in all its national and international endeavoursto both members and the public over his one-year tenure as the new president.
Johnston said: ‘The Scots chartered accountant enjoys worldwide recognition forhis or her accounting expertise, business acumen and professional integrity.
‘From this September we shall be training accounting students all over GreatBritain to our usual rigorous entry standards.
As an institute, we shall aim tosupport them throughout their working lives to ensure that the public both hereand abroad can have the utmost confidence in their reputation.’
At the new premises strategically-placed near Edinburgh’s Haymarket station,Johnston replaces Charles Monaghan of Unilever plc, and will be supported bysenior vice president Andrew Christie, professor at Heriot-Watt University andjunior vice president Cahal Dowds, senior partner at Deloitte & Touche.
Hailing the moves to make the accounting profession more open and accountable,Johnston welcomed recent public scrutiny into the profession, saying the’institute’s mission was to uphold the integrity and standing of the professionof chartered accountancy in the interests of society and the membership.’
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