Our revelation today that the ICAEW’s council is set to recommend a hike in membership fees will surprise few members, least of all Howard Leigh, the former Tory party treasurer and founder of Cavendish Corporate Finance.
It was last summer Leigh kick-started a campaign to almost double subs to somewhere approaching £300.
Leigh is unlikely to get his way: the council will ask members to approve a far more modest increase in the region of 20%. But fees should rise.
Currently ICAEW members pay a comparatively paltry £167 a year. Many will not appreciate the comparison but nurses pay a not too dissimilar £140 a year. Aside from the inevitable handful of exceptions, salaries between the two professions are hardly comparable.
To draw another parallel, members of CIPFA members pay £234 a year. Even journalists pay more – £171 to our trade body every 12 months.
Despite that, the institute has a track record of losing key votes – remember electives anyone? It will have to fight to ensure it wins this one.
UK senior partner Phil Verity has been elected for a second term at Mazars
An audit partner has been appointed at Grant Thornton in its North West offices
KPMG has been appointed with “immediate” effect as the auditor of Dorcaster
The audit for Ibstock will be taken over by Deloitte following a competitive tender process