RegulationAccounting StandardsInstitute furore rumbles on

Institute furore rumbles on

ICAEW's hopes that Graham Durgan’s withdrawal from the presidency would put an end to the furore surrounding Emile Woolf's selection fade away

While senior members of the ICAEW were hoping that Graham Durgan’s
unprecedented withdrawal from the presidency would put an end to the furore
surrounding the institute’s choice of new training supplier, it seems that the
issue will not be swept under the carpet.

Current president Ian Morris is looking into the process for awarding
preferred supplier status to providers, in an attempt to make sure that the
controversy surrounding Emile Woolf’s selection never happens again.

‘We will look at the processes by which we award preferred supplier status,’
said a spokesman.

Former president Paul Druckman, said he could not see the situation ‘ever
arising again’, but added a review needed to be undertaken ‘to make sure’.

Other senior members of the council suggested that Durgan had made the right
decision to turn down the president’s role, one stating that ‘it’s in the best
interests of the institute, and that should be the end of the matter’.

Not all council members agreed with his decision. Alan Livesey said as there
was no conflict or ‘dark secrets’ the institute should ‘stand by its man’. But
Accountancy Age understands that following Durgan’s decision, council voted
narrowly against asking him to reconsider his choice.

Despite the controversy, Durgan’s company will continue to operate as the
preferred supplier for ACA training in Russia and China, two areas the institute
is anxious to expand in.

Although the ICAEW has no current plans to introduce other training suppliers
onto its roster, a spokesman said that as the institute expanded in those
regions it would be likely to take on other training providers.

But the institute has been boosted by the appointment of Nick Land as
chairman of its new practice advisory board.

The board was created as part of a new structure at the institute, which also
includes business and services arms.

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