RegulationAccounting StandardsNew board structure agreed for ICAEW

New board structure agreed for ICAEW

New advisory boards as part of institute's reinvigoration

Plans to implement a new advisory board strategy at the ICAEW were passed by
the institute’s council members yesterday.

During the monthly council meeting held at Moorgate Place, council voted for
the introduction of a new advisory board structure to better represent the views
of its members through three sectors: business, practice and public services.

Originally planned as part of the ICAEW’s plans to merge with CIPFA, it is
one of the first signs that ICAEW chief executive Eric Anstee is pushing on with
his overall strategy of reinvigorating the institute.

However some council members voiced concerns that it had not been made clear
that an advisory board for practice involved swallowing up various other
practice organisations, such as the Practice Society.

‘I’m confused about the practice society, now apparently we’re abolishing
it,’ said council member Richard Harwood.

‘It’s been clear to me we don’t want loads of boards…we’re sweeping it away
and putting [the new boards] in place,’ Anstee responded.

He outlined that each board would have to determine how it wanted to
structure itself in dealing with approaching members.

‘The boards clearly have a voice upwards, but must get the voice of
constituents in,’ said Anstee.

Related Articles

Demystifying GDPR for accountants

Accounting Standards Demystifying GDPR for accountants

1w Ellen Temperton, Lewis Silkin
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
The great professional services shake-up

Accounting Standards The great professional services shake-up

3m Fergus Payne, Lewis Silkin
What do clients actually want from an accountant?

Accounting Standards What do clients actually want from an accountant?

4m Emma Smith, Managing Editor
Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

Accounting Standards Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

4m Alison Conley
Membership of the accountancy profession on the rise

Accounting Standards Membership of the accountancy profession on the rise

5m Alia Shoaib, Reporter
The real price of mates' rates in the provision of professional services

Accounting Standards The real price of mates' rates in the provision of professional services

5m DAC Beachcroft
IASB overhauls insurance accounting with issuance of IFRS 17

Accounting Standards IASB overhauls insurance accounting with issuance of IFRS 17

7m Alia Shoaib, Reporter