Article Abstract:
The sheer size of the Institute of Chartered Accountants in England and Wales (ICAEW) necessitates a dynamic strategy and policy planning process. The organization comprises of nearly 110,000 members, employs over 500 people and earns about 38 million pounds sterling every year. The ICAEW's planning process is based on its mission of observing high standards of integrity, objectivity and technical competence in the service of the public and its membership and to raise the value of the chartered accountant qualification. The output of this process for 1996 is 10 principal goals which the institute will pursue for the year. These include placing the issue of the proposed merger with the Chartered Institute of Management Accountants before members, improving the technical reputation of the Institute, participating in the debate on financial reporting in the European Union, and encouraging training in smaller companies.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
Germany's small community of auditors is expected to grow as the service sector grows and as more family-owned companies tap the financial markets to raise capital. The German auditors' association, the Institut der Wirtschaftsprufer, currently has only 7,500 members and a 70-member secretariat. The profession's growth has been hampered partly by the business community's focus on tax accounting, which promotes the growth of the accounting profession but not the auditing profession. Another inhibiting factor may be the difficulty of getting qualification. German auditors qualify usually after at least four years in a firm and at an average age of 34, about eight years or more older than their British counterparts. Nevertheless, the Institute's president Peter Schmidt claims the the number of auditors is increasing because of auditing's increasing reputation as a lucrative profession.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
The impending demise of the UN accountancy body ISAR presents an opportunity for the International Federation of Accountants (IFAC) to realize its ambition of playing a prominent role in encouraging the development of the accountancy profession in the Third World. The Federation has recently been criticized for not doing enough to help members from nations that need the most assistance. Once, it even refused an invitation to participate in a UN initiative to develop an international qualification. IFAC Deputy Pres. Frank Harding is currently working towards establishing better relations with the UN by re-opening more positive channels of communication. He is also leading efforts intended to promote professional excellence in developing nations and to improve the IFAC's image among members as well as the public.
User Contributions:
Comment about this article or add new information about this topic: