Izza’s not the only one facing a challenge
Challenge is putting it mildly when describing the future for Michael Izza as he takes over as chief executive at the ICAEW, challenges that we have detailed on our front page
Challenge is putting it mildly when describing the future for Michael Izza as he takes over as chief executive at the ICAEW, challenges that we have detailed on our front page
But as he faces the daunting prospect of managing the institute through the
myriad of difficulties it now faces, he will find himself in good company. The
UK’s other professional bodies face their own challenges.
Steve Freer, CEO at CIPFA, is a case in point. Freer was clearly keen on what
turned out to be doomed efforts to merge with the ICAEW because it appeared to
be the only way of ensuring the relevance of its members and winning them the
prestige they desperately need. That CIPFA’s strategic efforts now appear to
hinge on a deepening relationship with the ICAEW only serves to underline the
imperative that a merger has now become.
At ICAS, where Anton Colella is now chief executive, the clouds on the
horizon are less threatening but cast a shadow over the Scottish body’s
competitive position. The ICAEW is strengthening its position north of the
border and raising the need for some positive action.
CIMA is faced with a different set of challenges. With its reputation on the
rise, chief executive Charles Tilley must consolidate the gains while attempting
expansion overseas, an area where, along with ICAS, improvements are required.
ACCA already has that overseas presence, a fact which sees it approaching a
membership comparable to that of the ICAEW. The challenge is to use that to make
Lincoln’s Inn a base to influence government and regulators.
But if all the institutes face one challenge more than any other it is in
justifying their continued existence as separate bodies. That’s where many of
the greatest difficulties will lay.
The numbers you crunch tell a story. Your expertis...
19yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe accountancy profession stands at a crossroads in the evolution of corporate reporting, with technology offering transformative potential—if the se...
View articleIn a bid to future-proof the UK’s capital markets, ICAEW has outlined four principles to evolve the reporting accountant’s role, highlighting the bala...
View articlePCRT bodies clarify standards ahead of 2026 mandate, urging tax professionals to uphold accuracy in quarterly updates. Read More...
View articleThe Financial Reporting Council (FRC) has opened consultation on a proposed UK version of a new global sustainability assurance standard, aiming to gi...
View articleICAEW’s latest monitoring report finds that while most audits remain of acceptable quality, 10% were flagged for significant improvements, highlightin...
View articleThe percentage of companies engaged in sustainability reporting remained unchanged at 98% Read More...
View articleAs lease standards tighten, finance teams relying on spreadsheets face rising risk. Discover how dedicated software brings control, accuracy and compl...
View articleThe Association of Chartered Certified Accountants (ACCA) has called for a more balanced approach to audit regulations for small and medium-sized ente...
View article