English ICA faces new defection threat
KPMG this week delivered a thinly veiled ultimatum to the English ICA to hasten changes to its training programme or risk a further Big Five defection.
KPMG this week delivered a thinly veiled ultimatum to the English ICA to hasten changes to its training programme or risk a further Big Five defection.
The firm warned that rival ICAS would ‘gain an advantage’ if it failed to introduce its new syllabus in September, prompting fears it may follow Ernst & Young north of the border.
The E&Y decision to train students with ICAS cost the English ICA seven per cent of its graduate numbers, and this latest warning has prompted fears there may be further change.
The institute is in the process of talking to firms in a bid to find out when they want the new syllabus launched and has yet to decide whether it will introduce the syllabus in September or in 2001.
But many insiders privately believe training for the Big Five is up for grabs for the first time in history, with further high-profile changes expected.
KPMG partner and head of UK assurance, Ted Awty, said he expects the majority of its graduates to remain with the English institute, but added: ‘The English ICA will be more competitive if it introduces its new programme this year in line with the Scottish institute.
‘If not there will be a feeling among the students and firms that the Scots ICA has delivered what it set out to do in modernising its syllabus, while the English Institute hasn’t.’
https://www.accountancyage.com/feature22
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article