PracticeAccounting FirmsICAS boss makes plea to institutes

ICAS boss makes plea to institutes

New ICAS president Murdoch McKillop has called on accountancy institutes to become more vocal over key issues surrounding the industry in order to avoid the type of situation that led to the downfall of Andersen.

Link: ICAS to offer technician qualification

McKillop, an ex Andersen partner, was distressed at the way the firm ‘disintegrated’ in a few months due to the events that unfolded at Enron and wishes the various institutes had played a greater part in helping provide guidance. ‘It’s terribly easy to say with hindsight, but the institutes should have spoken out earlier and more clearly than they did,’ said McKillop. ‘It’s now part of our rolling strategy to help members deal with day-to-day issues and to be more vocal on public issues.’

Much of McKillop?s year as president will be spent with matters coming up from the strategy working group, which is undertaking a review of the institute’s activities for the first time in over a decade. This will cover areas of education, regulation and member services.

Key areas for consideration is the need to bring in more money and more students and whether the syllabus is fully appropriate. ‘The training model is also something being looked at,’ said McKillop. ‘We have to ask whether it is still right for 2003.’

Related Articles

Sexual harassment – is accountancy next for #MeToo?

Accounting Firms Sexual harassment – is accountancy next for #MeToo?

17h Karen Baxter, Lewis Silkin
Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin