ICAEW trainees could find themselves personally liable for an increased membership fee as firms move to rid themselves of the responsibility.
The Chartered Accountant Students Society of London – which serves 5,000 students – said the institute is considering increasing membership fees and shifting payment away from firms.
Additionally, the institute has discussed increasing the current membership fee to £100.
Meanwhile, CASSL officials have expressed frustration at being told that the issue was to be removed from yesterday’s council meeting agenda. It will now be discussed in August.
Niru Shah, accountant at CASSL, said: ‘There is a risk some students may not be able to afford to pay the fee, and others may be put off joining.’
Christine Stocker Gibson, ICAEW’s head of emerging, provisional and new members services, said: ‘It was hoped the issue would go to council this week, but it was felt extra consultation was needed.’
More at www.accountancyage.com/Practice/1119957.
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