PracticePeople In PracticeCABA reports surge in accountants seeking support

CABA reports surge in accountants seeking support

The number of accountants contacting CABA for support up 70% in 2012

CABA reports surge in accountants seeking support

ACCOUNTING BENEVOLENT FUND CABA has reported a 70% rise in the number of accountants contacting it for support.

According to its annual impact report, more people than ever approached the Chartered Accountants’ Benevolent Association in 2012.

The majority of clients sought financial assistance (36%), though this was down on 2011, while those seeking employment support increased from 6% to 9%.

CABA also launched a range of new services designed to meet changing accountant needs including a 24 hour online live chat facility; a new online service for people with depression or anxiety issues and a service designed for accountants who want to get back into work after redundancy.

To date, 51% of the 57 people who have completed the course have since found work, CABA said.

Kath Haines, chief executive at CABA, said: “The services we offer are more relevant to the needs of accountants than ever before. We have also become much better at marketing our services so that accountants have become more aware of us and what we can do for them”.

“However, these are also especially difficult times for accountants, as they are for many people. There have certainly been increases in the number of people contacting us about recession-linked issues such as unemployment and the fact that they feel they are facing increasing pressure at work and are struggling to cope.”

CABA’s future plans include: developing a wellbeing and engagement strategy that will reach and support more accountants; increasing support for ICAEW members working overseas; and improving case management and the measurement of CABA’s intervention.

Related Articles

New head of not-for-profit at Kingston Smith

Accounting Firms New head of not-for-profit at Kingston Smith

1y Calum Fuller, Reporter
Taking Stock: PwC Panto the Cat's Whiskers

People In Practice Taking Stock: PwC Panto the Cat's Whiskers

3y Taking Stock
KPMG’s head of charities joins CCW not for profit team

Accounting Firms KPMG’s head of charities joins CCW not for profit team

3y Richard Crump, Writer
Taking Stock: PwC volunteers a drop in do-gooder stats

People In Practice Taking Stock: PwC volunteers a drop in do-gooder stats

4y Taking Stock
Even accountants have debt

People In Practice Even accountants have debt

4y Kath Haines
CABA retains governance stance despite tribunal loss

Accounting Standards CABA retains governance stance despite tribunal loss

3y Calum Fuller, Reporter
Leader: Charity begins at home

People Business Leader: Charity begins at home

4y Kevin Reed, Writer
Double-digit increase in accountants requiring support

People Business Double-digit increase in accountants requiring support

4y Kevin Reed, Writer