Santosh Puthran Administrator No Guts No Glory member is offline
Joined: Jan 2007 Gender: Male Posts: 114 Karma: 0
Re: Interview: Michael Izza of CEO of ICAEW, UK « Reply #1 on Jan 16, 2007, 1:41pm »
ICAEW, UK one of the leading accounting body is the world ... which has given its name to so many accounting body in common wealth has become like a dinosaur unable to walk.
Arrogant members - not accepting change. The merger proposals were rejected by the members Fall in student numbers. Competition from other Chartered bodies in UK
Quote:
It is in the field of education that the institute has the most ground to catch up. Much of the fall in student numbers was down to the radical decision taken by Ernst & Young a few years ago to train students under the aegis of the Institute of Chartered Accountants of Scotland. That took a huge chunk of the ICAEW’s student numbers away.
Competition really helps
Quote:
He sees advantages as well as disadvantages in the structure. “It is no accident that we have so many high-quality accountancy bodies in the UK,” he says. “They are created by strong domestic competition. But there are drawbacks. Not speaking with one voice means international influence is not as strong as it ought to be.”
Mr. Izza: you have to put your house in order. Six is better than one.
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