ICAEW in a hierarchy row
- The six members of CCAB
- Financial accountants
The document, dated January 2008, is titled "Report on IFA Activities" and said such a hierarchy was necessary “if the registration of accountants had any chance of being accepted”. The Institute’s chief executive Michael Izza had previously blogged that achieving legal protection for the title of accountant was one of his two key goals for 2008.
The Association of International Accountants (AIA) said the proposals risked fragmenting the profession.
“The structure outlined by the ICAEW is confusing, it’s as simple as that,” said Philip Turnbull, the AIA’s chief executive. “An accountant should be recognised as an accountant.”
Responding in a recent AccountingWEB member's blog, Turnbull outlined his belief that the Institute were putting their own commercial interest before that of the industry and the public large.
Meanwhile, the Institute has refused to comment.
“It was a private note for members of council, and we do not comment on confidential papers,” a spokesperson said.
However, a source close to the ICAEW said the published report referred to a strategy that was set in 2005, and has been subject to strategic review since.
Source : Accounting Web, UK
Do you like to be updated in Accountancy ?
Subscribe to Management Accountant by Email