ICAEW News

ICAEW News

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Originally dedicated to fighting the proposed merger of the ICAEW with CIMA and CIPFA, this site now provides news about the ICAEW

Wednesday, September 10, 2014

ICAEW Resorts To Cold Calling

I see that the ICAEW, despite still bearing an uncanny resemblance to a Victorian trade association, has picked up one of the more irritating "innovations" of the modern world; namely, it has resorted to cold calling.

This morning I received an unsolicited call from someone representing the ICAEW, who tried to sell me a faculty membership. A similar attempt, to sell and Excel course, was made in 2013.

Needless to say I put the phone down!

Be warned, the person said that the ICAEW was calling ALL members, as Della Hudson and Gary McCombe can attest to!



Thursday, June 05, 2014

Thursday, March 27, 2014

Can Accountants Be Trusted? - Misleading Debate

Economia has a rather misleading headline wrt a debate between Mark Spofforth, partner, Spofforths, and former ICAEW president and Ian Fraser, financial journalist and author of Shredded: The Rise and Fall of RBS.

The debate entitled "Can accountants be trusted?", aside from degenerating into a seemingly ill tempered slanging match, actually centres around the activities of large accounting/auditing firms rather than the activities and ethics of accountants per se.

A far more appropriate headline would have been "Can large firms be trusted?"

Next time economia might consider using the services of an invigilator in order to keep the debaters on topic, and calm.

Wednesday, December 04, 2013

Top 50 Most Influential On Social Media

The ICAEW is seeking nominations for the top 50 most influential people in finance on social media.:
"We want to gather the top 50 most influential names in finance on social media. Get voting now using the hashtag "

Friday, October 04, 2013

Congratulations to Liz Rylatt

Congratulations to Liz Rylatt (an ICAEW member) who will join the ICAEW as its finance director in January 2014 from the BBC.

AccountancyAge points out that the original advert for the job specified that candidates must be ICAEW qualified chartered accountants.

Are we to assume the any merger plans with non chartered bodies are well and truly on ice now?;)

Tuesday, September 17, 2013

Cold Calling

Why is did the ICAEW cold call me today to try to sell me an excel course?

Are membership fees now destined to finance the cost of cold calling members?

Monday, September 02, 2013

Advanced Stage Exam Results

The results of the ICAEW July 2013 Advanced Stage examinations were published by the ICAEW on Friday 30 August 2013.

In summary  the results were:

Paper
  Entry
  Pass Rate %
Business Reporting 2,472 78.7
Business Change 2,380 83.9
Case Study 2,116 75.4

Congratulations to those who passed, and commiserations to those who didn't.

Wednesday, August 28, 2013

Results of Bungled Elections

In May this year the ICAEW bungled the elections to council, and were forced to re-run the elections in S Essex, London, Manchester and N-W England.

The results of the re-run of the London elections can be seen via this link.

Wednesday, August 14, 2013

Well Spotted Elaine

Kudos to my chum Elaine Clark for spotting the typo in the Telegraph article about bean counters.

Can you spot the error?

Wednesday, June 19, 2013

Ageism and Accountants - A Lack of Sagacity


Sage, as per the dictionary definition, means "having, showing, or indicating profound wisdom".

Hmmm, in a remarkable display of exactly the opposite, Sage (that has been "in the business of helping businesses manage their finances, people, customers and suppliers and to plan for future success since 1981") has decreed the following (as per AccountingWeb):
"The pace of change within the profession has accelerated and created an environment where ‘Generation Y’ accountants are best placed to respond to the changing role and demands, according to the latest Pulse research from Sage."
Who are "Generation Y"?

Thsoe born between 1980 and 1993.

Therefore, according to Sage, if you are an accountant and older than that you may as well give up now as your clients/employers no longer need or want you.

For why?

Seemingly clients and organisations "now expect a prompt response to their enquiries and access to information whenever they need it, with online being the most popular method for business owners wanting to share data with their accountant for the first time."

Clearly those born before 1980 are incapable of using the net, and are non responsive to client demands!

How is it I am able to run so many websites and interact in real time on Twitter etc (given that I am so very old?).

Paul Tooth, managing director at Sage Accountants Division, dug himself into a real hole by saying:
The accountancy profession is changing. Our research is a strong benchmark for the industry and it suggests it is no longer enough for accountants to be numerically proficient. In this hyper competitive environment practice professionals are offering much more to clients and fulfilling multiple roles including, virtual FD, IT consultant, HR expert, marketer and payroll specialist. "
Based on Sage's "research" please could they explain to me where they think people can find a 20 year old (born in 1993) qualified "accountant" with enough real world experience to act as virtual FD, IT consultant, HR expert, marketer and payroll specialist?

I ask, because Sage itself is currently recruiting a Commercial Finance Manager Sage CRM Fixed Term Contract.

The qualifications required include "experienced in working in a multi-national environment Qualified ACA/ACCA/CIMA with at a minimum of 5 years' experience in industry".

Know any 20 year olds with that type of experience?

Whilst I think about it, given that 1980 seems to be a significant cut off date for Sage, Sage may care to worry about its own age given that it has been around since 1981.

On that point Brendan Flattery (CEO of Sage) needs to think about his position, as he is a qualified accountant born in 1964.

Ageism in business is an absolute disgrace, the fact that a "professional" company such as Sage appears to endorse ageism makes me wonder exactly whether these companies really understand the businesses which they claim to "serve".

Thoughts and comments from those in the profession who are over 20 years old much appreciated!