The ICAEW has been accused of selling its qualification cheaply, following an
ad campaign that encouraged members from rivals to gain the institute’s ACA
qualification ‘without study or formal exams’.
The advert, which appeared in Malaysian business magazine, The
Edge, has enraged rival institutes and is likely to irritate ICAEW critics
who believe the institute is not doing enough to burnish the credentials of the
supposedly superior ACA qualification.
‘The ICAEW should now admit that it is an equivalent qualification to ACCA,
as it is prepared to take ACCA members without formal assessment: the members of
accountancy bodies are professionals who have completed high-quality formal
qualifications, not people who buy membership of a club,’ an ACCA spokesman said
of the advert.
In response to criticism, the ICAEW said candidates would still be
‘rigorously assessed’ by the institute’s assessment committee. The candidates do
not have to attend an ICAEW exam centre, which explained the wording ‘without
formal exams’ in the advert.
An ICAEW statement said: ‘If this has been misinterpreted, for whatever
reason, then details will be clarified at the workshops promoted by the
advertisement. ICAEW is committed to attracting high-quality applicants through
this innovative scheme which is receiving popular support in Malaysia.’
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