Controversy surrounds the next ICAEW president after it emerged that a
training company he majority owns was named as the ‘recommended supplier’ of ACA
training in Russia and China.
Deputy president Graham Durgan, who is due to take over from current
president Ian Morris next month, reportedly holds a 60% stake in training
company Emile Woolf International. The company has now been recommended to the
institute council to provide training in two of the world’s fastest growing
economies, potentially worth £200,000 a year.
The Independent quotes sources as calling the matter ‘shabby’ and
presented accountants in a bad light. Durgan is facing calls to relinquish his
commercial interests or step aside at the institute, according to the paper.
The ICAEW has stated that throughout the tender process Durgan had ‘declared
a financial interest in EWI’ and was ‘not involved in anyway in the evaluation
It added that no agreements have yet been signed and a council of past
presidents is looking into the matter and will report back ‘in the next few
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