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Monday, May 14, 2007

Inspiring Confidence

The ICAEW is, as is the tradition at this time of year, asking its long suffering membership to stump up for another increase in subscriptions.

We are told that the rise of 4%, is "in line with inflation".

Now, correct me if I am wrong, but the inflation figure for March was 3.1%, and is expected to be around 2.8% in April (Bloomberg).

Therefore where does the ICAEW get its 4% from?

I know that it may not seem to be much of a difference (43% actually). However, as accountants we are meant to be reasonably accurate when it comes to numbers...aren't we?

"Inspring Confidence"?

I think not!

Needless to say, I will be voting against the rise.

I recommend that you do the same.

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