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

Monday, March 31, 2008

ICAEW Member Communications Survey

The other week I completed the online ICAEW Member Communications Survey.

On Friday, ReputationInc (which is conducting the survey on behalf of the ICAEW) emailed me to let me know that I was in a randomly selected sample of members to be interviewed in more depth about member communications.

I have a telephone interview with them booked for this Thursday.

Thursday, March 13, 2008

Who Pays?

Paul Boyle, CEO of the Financial Reporting Council, has waded into row over the registration of the term "accountant" and proposal by the ICAEW to stratify the profession.

He suggests that the idea has not been thought through.

Boyle is quoted in Accountancy Age:

"It would be very interesting to see what cost benefit analysis the institutes could produce on this proposal. By definition they can't have power over non-members, so who is going to do this, and who is going to pay for it?".

I can certainly answer the "who is going to pay" part.

The members of course, via higher subscriptions!

Monday, March 10, 2008

Ethics - ICAS Leads The Way

ICAS is leading the way when it comes to ethics:

- They introduced a dedicated ethics exam in 2007
- They are considering a voluntary ethics "test" for CPD
- They are considering introducing an annual ethics statement for members
- In 2008 they will publish a number of case studies of ethical dilemmas experienced by ICAS members

Source "Bean Counters or Business Leaders?"

ICAEW does not even have a dedicated ethics exam, why not?

Why is the ICAEW lagging behind ICAS when it comes to ethics?

Thursday, March 06, 2008

Scum of The Earth

It seems that the ICAEW, either via accident or design, has managed to stir up another major row with some other accounting bodies.

Accountancy Age reports that "private papers" (intended for council only) were "accidentally" published on the ICAEW website last week.

The papers disclose a plan to rank accountants in terms of a hierarchy. The Consultative Committee of Accountancy Bodies would be the top, and book-keepers at the bottom.

The plan is part of the ICAEW's desire to formally recognise the term "accountant", and will be submitted to the Privy Council.

The ranking will be as follows:

- CCAB
- financial accountants
- accounting technicians
- book-keepers.

Not unsurprisingly the ICAEW recognise that there may be some opposition to this (eg from the Association of International Accountants and Institute of Certified Bookkeepers).

ICB chief executive Garry Carter is quoted in Accountancy Age:

"Our members are highly qualified, they are not the scum of the earth."

It seems a very odd "accident" to publish this, given that the membership of the ICAEW are never allowed to read on the ICAEW site about what their illustrious members of council discuss or do.

I must ask why did the ICAEW publish this on the site, before they had finalised the plans?

I trust and assume that an investigation is being carried out by the ICAEW.

Needless to say, the ICAEW have now taken down the document from its site. However, I am pleased to say that I have a copy. Here it is ICAEW Report.

I would note that it contains this rather revealing paragraph:

"ICAEW has adopted a policy of getting closer to IFA and other organisations. In turn that meant that David Hunt became the IFA President in January 2007. Eric Anstee became the IFA Chairman of Council in September 2007."

Are we heading for another merger attempt, this time by the back door, or is this a takeover of IFA?

I did warn people about this in three articles in 2005 and 2006:

- The Confidential Plan

- Supersize Me!

- IFA Rumour