Wednesday, May 30, 2007

Inspiring Confidence?

Why did the ICAEW need to recruit 125 more staff in 2006?

Why do they need to put the fees up by 4%, given that they show a net income of almost £1M in 2006?

Why did the ICAEW backtrack on the setting a separate ethics paper?

Monday, May 21, 2007

Merger No Longer a Priority?

Accountancy Age reports that Michael Izza, CEO of the ICAEW, no longer believes that consolidation is a priority.

We shall see.

Friday, May 18, 2007

Hat Tip

The RebelI tip my hat to Martin Waller of The Times, for mentioning this site again.

Can an accountant be a rebel?

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.

Wednesday, May 02, 2007

CA Qualification To Be Offered Outside The UK

ICAS is to offer its CA Qualification outside the UK for the first time. ICAS will offer students in Luxembourg the CA course.

ICAS Chief Executive, Anton Colella said:

"We are breaking new ground by taking the CA qualification outside the UK and onto the continent.

We are responding to clear employer demand for our qualification, which is regarded by many as the 'gold standard' in accountancy training. CAs work successfully in a global business environment – so it made sense to offer business outside the UK the chance to train the leaders of the future through our CA programme

John Li, Managing Partner, KPMG in Luxembourg said:

"We welcome this excellent initiative from ICAS... We have found that the CA is admirably equipped to satisfy these and other demands from our clients and KPMG are therefore delighted to be at the forefront of supporting this initiative."

Why doesn't the ICAEW opt for in house training, instead of farming it out to third parties?

The ICAEW could then offer its qualification globally, and earn money for doing so, without diluting the brand.