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Thursday, June 01, 2006

Durgan Not to Stand - Confirmed

The Independent confirm's that Graham Durgan will be stepping aside as President of the ICAEW, as noted here yesterday.

The article notes that the ICAEW maintain that Durgan's interest in EWI, the training company awarded the Chinese and Russian contracts, were openly declared throughout the tender process.

However, what the ICAEW failed to do was hold an open tendering process allowing all companies to apply for the contracts.

That is why they are in this mess. Unfortunately, the ICAEW don't see it this way and are blaming the press for this.

3 comments:

  1. Ken,

    Are they not in this mess because, in particular, Anstee and Morris were and are incompetent.

    Also, what advice given by Anstee and Morris did Durgan ignore and what should Durgan himself have done differently?

    I have no idea if Durgan agrees with the initiatives to give away the ICAEW qualification but a man with honour and ability should, in my opinion, take preference.

    Who, from the institute, raised this question? There are the old sayings "a truth told maliciosly is as bad as any lie" and "if the cap fits, wear it".

    ReplyDelete
  2. Looks like many members are leaving the ICAEW. 800 so far this year.

    www.financialdirector.co.uk/
    accountancyage/news/2157336/
    icaew-resignations-top-800

    PS Keep up the excellent work MAC members.

    ReplyDelete
  3. I recall at the time of the merger vote that many MAC members claimed that CIPFA members were incompetant and not equal to Chartered Accountants. They wanted to merge with the ICAS, since they were "their equal".

    Obviously the ICAS does not share this view as it has appointed a CIPFA qualified as their FD.

    http://www.accountancyage.com/
    accountancyage/news/
    2156735/icas-appoints-fd

    ReplyDelete