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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

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Thursday, April 13, 2006

Business Confidence Monitor

A week or so ago I received an email from the ICAEW inviting me to complete their business confidence monitor.

Given the chance to win a case of booze, I gave them the benefit of my opinion.

A few days later I received another email from the ICAEW, asking me to fill in the survey; it said:

Please ignore if you have completed this survey already.

The Institute invites you to participate in the ICAEW/Orange - UK Business Confidence Monitor survey for Quarter 2 2006.


Today I received my third invitation from the ICAEW to complete their business confidence monitor, again asking me to ignore it if I have already completed the survey.

- How many more of these emails am I to receive?

- I assume that all other members are also receiving them?

In the great scheme of things, this is not a major issue.

However, it is indicative of the lack of attention to detail and the inability of the ICAEW to effectively communicate/manage its communications with its own membership.

Message to the ICAEW:

I know that the you read this site, so would you kindly stop sending me this particular email!

7 comments:

  1. Why is ICAEW regularly involved in this survey? Is it just another extraneous activity subsidised by members?

    ReplyDelete
  2. They should survey confidence in the ICAEW.

    ReplyDelete
  3. Ken favours a professional exam in ethics.

    I favour unlimited torture followed by the death penalty for all white collar crime.

    ReplyDelete
  4. Ken:
    What they did was just a reminder. (and mass mailing) No big deal. While repeated reminder may be annoying, it is also a fair way of comminication.

    ReplyDelete
  5. Sending out emails this way indicates one of two things:

    1. they don't know who's go the survey
    2. they don't know how ot construct email reminders

    ReplyDelete
  6. Simon Cheung , 20 April 2006 @ 09:36 AM [Edit] [Remove]
    UK Vs US Auditing Standards
    The APB have issued International Standard on Auditing (UK and Ireland) (ISA (UK and Ireland)) 720 (Revised) which addresses the auditor’s consideration of other information in documents containing audited financial statements, including the auditor’s statutory reporting responsibilities in relation to directors’ reports.

    Richard Fleck, Chairman of APB, commented: “This revised ISA (UK and Ireland) reflects the finalisation of standards and guidance in relation to the statutory responsibilities of auditors to report on the consistency of information in directors’ reports with the financial statements. The APB is monitoring the DTI’s consultation on narrative reporting requirements for companies and will consider in due course whether further standards and/or guidance for auditors will be necessary to address consequential changes, if any, to the related legislation.”


    The revised APB standards 720 on auditor’s statutory responsibility in relation to Directors’ Reports is in fact mock up version of the US GAAP. I remember the time when I studied the US GAAP in 90’s this requirement has already been in existence as US Generally Accepted Auditing Standards.

    ReplyDelete
  7. Simon Cheung , 20 April 2006 @ 09:36 AM [Edit] [Remove]
    UK Vs US Auditing Standards
    The APB have issued International Standard on Auditing (UK and Ireland) (ISA (UK and Ireland)) 720 (Revised) which addresses the auditor’s consideration of other information in documents containing audited financial statements, including the auditor’s statutory reporting responsibilities in relation to directors’ reports.

    Richard Fleck, Chairman of APB, commented: “This revised ISA (UK and Ireland) reflects the finalisation of standards and guidance in relation to the statutory responsibilities of auditors to report on the consistency of information in directors’ reports with the financial statements. The APB is monitoring the DTI’s consultation on narrative reporting requirements for companies and will consider in due course whether further standards and/or guidance for auditors will be necessary to address consequential changes, if any, to the related legislation.”


    The revised APB standards 720 on auditor’s statutory responsibility in relation to Directors’ Reports is in fact mock up version of the US GAAP. I remember the time when I studied the US GAAP in 90’s this requirement has already been in existence as US Generally Accepted Auditing Standards.

    ReplyDelete