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ICAI - Fastest Growing Accountancy Board,
by Jason Gorringe, Tax-News.com, London
Friday, July 03, 2009
The Institute of Chartered Accountants in Ireland (ICAI) is the fastest growing
professional accountancy body in the United Kingdom and Ireland according to the
latest statistics from the Professional Oversight Board, an operating board of
the United Kingdom’s Financial Reporting Council.
Between 2003 and 2008 ICAI’s membership in the UK and the Republic of
Ireland grew in annual terms by 5.9% compared to 4.5% of its nearest competitor.
ICAI’s student growth also surpassed that of the other bodies with an
annualised increase of almost 15% in the same period. ICAI also does well in
terms of gender balance with 39% female membership and leads the way with 53%
of its student base female. ICAI also scores well in demographics with 67% of
its membership 45 years and under.
Commenting ICAI President Tom Fitzpatrick said:
“These figures attest not just to the success of ICAI but the enduring
strength of the accounting profession in general. Undoubtedly we have entered
more difficult times but it is pleased to see how ICAI, as Ireland’s oldest
professional accounting body, has adopted to the modern age.”
“We have recently launched a new programme called the Elevation programme
to open up a path into Chartered Accountancy for more experienced graduates.
This process of being open to change has been a key element of ICAI’s
strength in recent years and will be critical to ensuring we come out of these
global economic difficulties in a position of strength.”
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