PracticeAccounting FirmsNumerica FD: ‘UK should have one institute’

Numerica FD: 'UK should have one institute'

Having just one united UK accountancy institute, instead of the existing five, would be beneficial to the profession as the country takes on a more influential role in leading global business, according to Numerica's finance director Peter Jenkins.

Link: Top 50: Numerica bucks trend with growth

NOTE: The full interview with Peter Jenkins will appear online tomorrow as well as in this week’s issue.

In an exclusive interview with Accountancy Age, Jenkins talked positively of the global recognition that the UK accountancy profession gained following the Enron scandal.

But he said the profession should speak with ‘one voice’. ‘As we become more global – and that’s where the profession has got to be – we have got to be seen as global leaders. We’ve had fantastic press coverage in the past year. The fact that we’re seen to be leaders is a very positive thing,’ he said.

The chartered accountant, who has just become a member of the ICAEW council, added that the institute needed strong leadership and had to ‘be seen to be the global business qualification’.

‘If we’re going to be global, it would be nice to think that we could actually consolidate within the UK.’

He added that Peter Wyman, who was president until June, had done a good job in upholding the profession’s image during that year.

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