ICAEW members have given the go ahead for a hefty increase in subscription fees in a bid to develop the ACA qualification.
Members voted 63.7% in favour of increasing the basic member subscription by 9%, to £252 from £231, in an announcement made today at the ICAEW’s annual meeting.
The extra £1.5m generated a year will go towards producing a ‘more flexible’ modular ACA qualification, and will also go towards its marketing.
Speaking on his last day as president, Paul Druckman said that members had recognised the importance of ‘preserving the quality’ of the qualification.
Some observers had suggested that the subscription hike was too high, and would instead go towards funding the ICAEW’s plans to merge with CIPFA and CIMA.
More than 15,000 members voted, which represents roughly 12% of the total number of ICAEW fee-payers.
Accountancy Age Jobs is delighted to announce the launch of a brand new look website for finance and accountancy professionals
The old fashioned method of placing recruitment adverts in the local rag is dead
The new joiners, from school leavers to graduates and those on industrial placements, will be working across a range of service lines
Accountancy firm school leaver programmes really do open the door to a whole new career and immerse you in the world of work from the get go