The ICAEW has defended its position as the premier accounting institute in
the UK, despite new figures showing that membership has practically stalled.
The institute acknowledged that the FRC’s annual report into the accounting
profession did not make pleasant reading, but warned that ‘it was not quite time
to write the epitaph of the ICAEW’.
Membership growth during 2004 was negligible, with just 308 extra members in
the UK and Ireland and 954 worldwide. At current growth rates, rival institute
ACCA will outstrip the ICAEW globally by 2008. It also had the smallest
proportion of female members and the largest number over 65.
Defending the institute Vernon Soare, executive director of professional
standards at the ICAEW, said leadership and influence were also important
factors. ‘We still believe we are the premier institute, but we are trying to
address some of the issues highlighted by the report.’
Reviews of the ACA qualification and syllabus were regularly undertaken. He
believed the 2005 figures would show improvement.
Engineering and technology executives have voiced concerns over the government’s industrial strategy and the need to fill the R&D funding and long-term investment gap in a post-Brexit Britain
This year’s Finance Act is 649 pages, the second longest recorded, and highlights the increasing complexity for taxpayers of an ever expanding tax code
The International Integrated Reporting Council (IIRC) and the CIPFA have launched an introductory guide for leaders on integrated thinking and reporting
Accountancy Age is delighted to reveal the shortlists for the 2016 British Accountancy Awards