tag:blogger.com,1999:blog-9611129.comments2023-10-10T14:37:58.307+01:00ICAEW NewsKen Frosthttp://www.blogger.com/profile/13568488818950912374noreply@blogger.comBlogger1053125tag:blogger.com,1999:blog-9611129.post-61719863747047098192017-04-18T09:46:30.047+01:002017-04-18T09:46:30.047+01:00The first time I saw it I thought, 'why have t...The first time I saw it I thought, 'why have they adopted Edna Scissorhands as the logo?'<br /><br />The web site looks generic and derivative. No differentiation, and looks all marketing, and not professional. And to make a banner announcement that the 'Finance and management Faculty' is rebranding as the 'Business and management Faculty' made me choke with laughter and irritation at the same time. Professional gravitas chucked out the window in favour of shallow marketing.<br /><br />Pretty much sums up the current focus that soshul meejah rules ok! <br /><br />Sad member heading for as early retirement as possible...FCAhttps://www.blogger.com/profile/12767700338738726883noreply@blogger.comtag:blogger.com,1999:blog-9611129.post-30338890035350126652017-04-12T11:59:09.457+01:002017-04-12T11:59:09.457+01:00Roundings I assumeRoundings I assumeKen Frosthttps://www.blogger.com/profile/13568488818950912374noreply@blogger.comtag:blogger.com,1999:blog-9611129.post-34105482346267972752017-04-12T11:56:15.886+01:002017-04-12T11:56:15.886+01:00What an embarrassment that the total percentage of...What an embarrassment that the total percentage of the poll results does not add up to 100!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9611129.post-27383249543884821972017-04-06T15:31:19.208+01:002017-04-06T15:31:19.208+01:00I thought it would be dated April 1st.I thought it would be dated April 1st.Anonymoushttps://www.blogger.com/profile/17983080137217284628noreply@blogger.comtag:blogger.com,1999:blog-9611129.post-73829572291118188242017-02-01T16:53:20.392+00:002017-02-01T16:53:20.392+00:00This baseless snobbery would sink the titanic neve...This baseless snobbery would sink the titanic never to rise again. Lack of foresight on part of those who love to live in a cocoon. Business world is rapidly changing and there will be far less demand for number crunching accountants with primitive methods. Only those will survive who would be at the forefront to help businesses succeed with their understanding of the issues facing them and facilitate teh strategic decision making that is vital for business success. Primitive thinking doesn't help the ICAEW's sustainability issue that would only worsen with less new members joining in than those who retire each year. That is coming, be watchful.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9611129.post-58642864706459449362013-12-04T11:12:37.155+00:002013-12-04T11:12:37.155+00:00No one cares. Its about the work experience.
Recr...No one cares. Its about the work experience.<br /><br />Recruiters will simply find a way to stream on other criteria to ensure they shortlist the people they are looking for if everyone falls under the same designation.<br /><br />Of course all the UK bodies should merge and be stronger internationally.<br /><br />All the exams are of a similar standard and all well beyond the standard you need to be at to actually do any accounting job.<br /><br />Plenty of big 4 candidates leave after 3 years of cramming exams, playing with excel and using the photocopier with no practical idea.<br /><br />All these exams are is a barrier to entry to gain experience.<br /><br />Membership of a professional body just means the practitioner can be held to account or face fines, or criminal proceedings.<br /><br />Doing the job means keeping up to date with legislation, it does not mean cramming for a pointless exam.<br /><br />I would go on to say yes there is a snob value with ICAEW - but this is because the kind of people who get on the ACA contracts are those that weren't good enough or didn't have the contacts for investment banks, nor did they have the skill and passion for medicine.<br /><br />Consequently they need to differentiate themselves from the rest of the excel monkeys to make themselves feel better about wasting their youth doing a pointless degree in a boring subject to then be glorified admin cannon fodder for the big 4.<br /><br />They also think that it differentiates them in the marketplace, to a certain extent this is true - I find I get more offers on my dating profile when prospective dates see that I am a certified 10 inches - but its always size 14+ women.<br /><br />Next year ACCA go 4 exam sittings a year lectures are now available free online.<br /><br />Any practice putting staff on ACA contracts is wasting money,in a climate of tumbling fees and outsourcing back end work - its only the big 4 that will bother with the ACA.<br /><br />It is only a matter of time before ICAEW wave the white flag and everyone falls under the banner of CPA anyway....<br /><br />This has just happened in Canada where all their bodies have merged.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9611129.post-8720696924136883192013-06-19T14:34:21.275+01:002013-06-19T14:34:21.275+01:00Thanks David:)Thanks David:)Ken Frosthttps://www.blogger.com/profile/13568488818950912374noreply@blogger.comtag:blogger.com,1999:blog-9611129.post-73965122158817319352013-06-19T14:29:57.590+01:002013-06-19T14:29:57.590+01:00An excellent post Ken. It is a really strange co...An excellent post Ken. It is a really strange comment given the age of decision makers in their target customers and ironic as they were slow to react to developments in Cloud computing.<br /><br />They were also quite slow to react to comments made on Twitter and when they did react they said "...there are also exciting opps for the new breed of accountants coming into the industry" and (patronisingly I think) "we’re not suggesting there’s no role for well-established accountants far from it".<br /><br />Personally I think they've made a mistake and what is perhaps even more galling than the original post, as far as I know they haven't issued an apology. I hope as many accountants as possible circulate Ken's blog via social media.David Lewishttp://www.camroseconsulting.co.uknoreply@blogger.comtag:blogger.com,1999:blog-9611129.post-38508556590616243012013-06-14T13:32:56.386+01:002013-06-14T13:32:56.386+01:00Well, I'm glad that they sorted that out. Cle...Well, I'm glad that they sorted that out. Clearly there was an extremely urgent need for it, over and above worldwide poverty, global warming (assuming that there is such a thing), civil wars, Islamist fundamentalism, the Eurozone crisis, the alleged need to wear safety goggles when indulging in games of conkers, and so on.Anonymoushttps://www.blogger.com/profile/13698884514295983365noreply@blogger.comtag:blogger.com,1999:blog-9611129.post-84930816581679931752013-05-29T19:55:32.373+01:002013-05-29T19:55:32.373+01:00Since it shows 2 of the countries I think UK is ap...Since it shows 2 of the countries I think UK is appropriate. Just don't tell A**x S*****d that it excludes Scotland!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9611129.post-17839270989222778752013-05-21T12:56:28.449+01:002013-05-21T12:56:28.449+01:00Well, I suppose it is within the UK...Well, I suppose it is within the UK...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9611129.post-86583684147159758422013-03-18T23:32:18.316+00:002013-03-18T23:32:18.316+00:00Anonymous,
- I would guess AICPA and HKICPA are e...Anonymous,<br /><br />- I would guess AICPA and HKICPA are excluded because they use the dreaded words "CPA"?<br /><br />- CICA probably because they have been talking amalgamation or similar with AICPA?<br /><br />Tony Neddermannoreply@blogger.comtag:blogger.com,1999:blog-9611129.post-62828208818206932132013-03-07T21:21:42.554+00:002013-03-07T21:21:42.554+00:00More muddled thinking and bureaucratic deadwood. I...More muddled thinking and bureaucratic deadwood. In practice, no one cares which Institute one belongs to. What is actually needed is for the individual Institutes to drop their closed-shop mindsets and automatically make PRACTICING CERTIFICATES available based on residency, without additional examination requirements.<br /><br />Does anyone really believe that I, for example, can't pick up the local tax or audit code in a new country in a matter of weeks - after spending fifty years as a CA, resident in six different jurisdictions and advising on a dozen more? (Or hire the right locals to build up the necessary team, also in weeks)?<br /><br />What is actually needed is a super-national QUALIFICATION which is accepted everywhere. Our biggest problem is the parochial, closed-shop, dog-in-the-manger minded dunderheads who infest the Boards and Committees of our Institutes.<br /><br />Tony Neddermanhttp://www.hkaa.com.hk/noreply@blogger.comtag:blogger.com,1999:blog-9611129.post-65425825594518986242013-03-03T22:25:55.098+00:002013-03-03T22:25:55.098+00:00There is a big overlap! What I've noticed is t...There is a big overlap! What I've noticed is that the non chartered institutes HKCPA, AICPA have been excluded. Not sure why CICA Canada is not part of this newer version of GAA.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9611129.post-6050979738307778802012-09-12T14:48:07.387+01:002012-09-12T14:48:07.387+01:00Given the hardening of the public's attitudes ...Given the hardening of the public's attitudes to tax avoidance perhaps it is those accountants repseonding to the survey who are in the bunker rather than the ICAEW. I know some accountants go out of their way not to be "with it" - but even in their case there are limits. Perhaps a little humility is now in order given that accountants hardly covered themselves in glory in warning us all about the impending financial crisis and how we would have to pick up the tab for the banks they declared solvent! I know auditors were never meant to be bloodhounds but when did they change from watchdogs to bankers' lapdogs. tory boys never grow uphttps://www.blogger.com/profile/11172736984147732661noreply@blogger.comtag:blogger.com,1999:blog-9611129.post-58756495627929268832012-08-17T11:05:35.610+01:002012-08-17T11:05:35.610+01:00To be fair, the ICAEW is pretty keen on, and activ...To be fair, the ICAEW is pretty keen on, and active in lobbying for, a simpler tax system as well, providing it's still fit for purpose. See http://www.ion.icaew.com/TaxFaculty/24847 Richard Younghttps://www.blogger.com/profile/17213066768738392277noreply@blogger.comtag:blogger.com,1999:blog-9611129.post-82155666054293312282012-08-13T13:55:43.908+01:002012-08-13T13:55:43.908+01:00or here:
"
A couple of interesting quotes c...or here:<br /><br />"<br /><br />A couple of interesting quotes came through in a statement from UK200 including:<br /><br /> <br /><br />Jonathan Russell, partner, ReesRussell: “I hope that the recruitment goes well for them but wonder whether they have the resources to train the new staff to such a level that they can really help callers if they do bring new staff on so quickly.”<br /><br />David Ingall, consultant, JWPCreers: “What is needed is common sense at the other end of the phone and is that going to be achieved? Having recently received a Notice of Coding for myself that was complete nonsense, I was pleasantly surprised to find that the phone call to get it corrected took only six minutes.<br /><br />“However, there should never have been the need for such a call in the first place. Extra staff is positive but they are only replacing staff that have been shed in the past that should have been retained. This shows a distinct lack of planning.”<br />http://www.accountingweb.co.uk/article/hmrc-commits-call-centre-investment/530413#comment-572118Ken Frosthttps://www.blogger.com/profile/13568488818950912374noreply@blogger.comtag:blogger.com,1999:blog-9611129.post-54315104118748218452012-08-13T10:00:09.638+01:002012-08-13T10:00:09.638+01:00As per the above article:
"post receipts wil...As per the above article:<br /><br />"post receipts will go sky high, then the calls will triple cos everyone will want to progres chase and it's back to Square One."Ken Frosthttps://www.blogger.com/profile/13568488818950912374noreply@blogger.comtag:blogger.com,1999:blog-9611129.post-37893878352385373842012-08-12T13:06:56.790+01:002012-08-12T13:06:56.790+01:00So you don't want more resources directed to a...So you don't want more resources directed to answering the phones? You obviously don't waste ages every week waiting for someone to answer. Prejucide overriding common sense?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9611129.post-81589841431007497282012-05-19T11:41:11.959+01:002012-05-19T11:41:11.959+01:00£477,000 ...........bloody hell!£477,000 ...........bloody hell!Stuart Joneshttps://www.blogger.com/profile/07815011353150662364noreply@blogger.comtag:blogger.com,1999:blog-9611129.post-40295911572116666122012-05-15T09:52:38.774+01:002012-05-15T09:52:38.774+01:00Neil, as already responded to on your identical qu...Neil, as already responded to on your identical question on Linkedin, maybe instead of burdening the members with higher subs and abandoning the "EW" base in favour of more fee paying international members, the ICAEW could review the size and pay rates of its management and executives (as many members have repeatedly asked for over the years)Ken Frosthttps://www.blogger.com/profile/13568488818950912374noreply@blogger.comtag:blogger.com,1999:blog-9611129.post-36638252627238517162012-05-15T09:18:58.451+01:002012-05-15T09:18:58.451+01:00Ken. Please indicate what you suggest Michael Izz...Ken. Please indicate what you suggest Michael Izza and ICAEW to do about the pension deficit - it is all very well identifying the problem (which I strongly suspect is well known by all relevant stakeholders) but are you suggesting a different course of action is taken, and if so, what course?Neil Harrisnoreply@blogger.comtag:blogger.com,1999:blog-9611129.post-28059415418974936322012-05-10T10:48:03.010+01:002012-05-10T10:48:03.010+01:00So 'bunch' is the collective noun for acco...So 'bunch' is the collective noun for accountants? I guess it is better than 'wunch' for bankers, but not as flattering as an 'eloquence' of lawyers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9611129.post-37149631610708466042012-05-07T11:24:39.674+01:002012-05-07T11:24:39.674+01:00Thanks for Tweeting @number10gov as well!
@Stuart...Thanks for Tweeting @number10gov as well!<br /><br />@StuartJones<br /><br />@Number10gov @ken_frost @TimZones Please stop referring to accountants so negatively. Without us @HMRCgovuk would grind to a haltKen Frosthttps://www.blogger.com/profile/13568488818950912374noreply@blogger.comtag:blogger.com,1999:blog-9611129.post-31353286071771931252012-05-07T11:14:13.650+01:002012-05-07T11:14:13.650+01:00Thanks Dave. So what would you prefer to be seen a...Thanks Dave. So what would you prefer to be seen as? A banker?Stuart Joneshttp://www.3caonline.co.uknoreply@blogger.com