Anstee resignation: Wanted - A man of the people. By Dan Martin

exit

After three controversial years as chief executive of the Institute of Chartered Accountants in England & Wales (ICAEW), Eric Anstee announced his resignation this week. Dan Martin spoke to AccountingWEB members for their views on Anstee's reign and the challenges ahead for his successor.

Former finance director at Old Mutual, Eric Anstee became the ICAEW's first-ever CEO in 2003.

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Comments

Any comment(s)?

AnonymousUser | | Permalink

Mark,

Thanks for the info but I have yet to see the magazine: however, I will be delighted (though amazed) if it answers many, if any, of Ken's 10 questions (including, who leaked the story to the Independent and why?).

Mike

Merge-- no splinter!!

AnonymousUser | | Permalink

Reading this article it is clear that very few members are happy belonging to the ICAEW.

IMHO it is much too cumbersone and tries to be all things for all people.

It cannot be regulator, the trade organisation (requiring membership fees, mainly from the larger firms,for finance) and expert witness.

It needs to decide what it wants to be, and for whom (the demands of the Big 4 (or 7 or 8) are vastly different from those of the average practitioner.

Until it decides on what the ICAEW is trying to be, and for whom, it is always going to be the failure for everyone demonstrated by the commnents around this article.

Jeff Lampert

carnmores's picture

An apology to Dan first

carnmores | | Permalink

sorry i didnt get back to you when you phoned did not realise you were going to press so quickly.

by and large i think Anstee has been a force for good, if nothing else he has asked us important questions. i think that he came up with the best solutions.

i respect other peoples right to disagre, but no more misuse of staistics please, to counter the argument that the votes in favour of his plans were too small the actual number of votes against were very small.

a lot of people say they made a conscious decision not to vote, they should have spoiled their ballot paper in my view.

we all have a lot to think about, i have very serious complaints of the ICAEW a jobsworth bunch of ..... but Anstee goes with thanks from me.

my final word, do we really expect the CE to answer emails from all and sundry i think and hope not (especially not this one please)

Another view

AnonymousUser | | Permalink

I see that comments by Dr Damien Roche have now been added to the main piece.

Is Dr Roche aware that Anstee and Morris have buried their heads in sand by deliberately not answering "critical" e-mails? Anstee and Morris have shown titanic incompetence in the Durgan debacle; who, in the profession, does not remember that Durgan bought EMI for £1?

Is Dr Roche aware that CIPFA have put any merger on hold for 5 years and that there is no current appetite for merger by the other CCAB bodies and, if my understanding is correct, what is the current situation of his correspondence with Austen Mitchell MP on compulsory merger of CCAB and possibly other bodies?

Dr Roche is well qualified by examination (though not an ICAEW member), experience and research to comment on mergers and I look forward to his further comments.

Handsome is as ....

AnonymousUser | | Permalink

Today, Peter Wyman CBE has a letter published in A-A under the heading "Perfect timing" which relates to Anstee's resignation.

Peter says:

(a) Anstee leaves the institute in FAR BETTER shape than when he [Anstee] took up his position.

The only current count reports (a few minutes ago) that he leaves it in WORSE shape not BETTER shape and certainly not FAR BETTER shape.

I repeat, the Durgan debacle demonstrates titanic incompetence (by Anstee and Morris) and it also smacks of intrigue and malpractice.
Who leaked the story and why.

(b)Peter also says there is a smooth recruitment process to appoint Anstee's successor.

What rubbish. Among Council,there are those for Izza and those who are not.

Finally, like Anstee, Peter cannot count; since when has January been 6 months before September, or 3 months before June.

Then, Peter was proud to announce he chaired the selection panel which recruited Anstee. Well at least he may be honest in that respect though he is at best careless in much else.

Eric Anstee's Legacy

AnonymousUser | | Permalink

I am replying as requested to Mike Buxton's email. It is very disappointing that an attempt to merge 3 of the CCAB bodies has led to considerable ill will towards ICAEW.The proposed name change certainly confused matters and Scottish and Irish nationalism may insist on regional institutes remaining for Scotland and Ireland.

Perhaps the way forward is for the CCAB itself to become the vehicle for merger discussions. CCAB should rename itself The Institutes of Chartered Accountants Consulative Group ICACG , reflecting the fact that all 6 member bodies hold a Royal Charter. In this forum, the benefits of consolidation could then be discussed frankly by all 6 bodies without the resentment caused by what appeared to be an ICAEW takover.

Anstee promoted the emergence of a coherent profession but I agree that his communicative approach caused great difficulty. The proposed name change was very unfortunate as it angered both ICAI and ICAS and derailed any possible merger.

The next email will deal with Dr Austin Mitchells' response to my views on statutory regulation of the accountancy profession and legal protection of the term accountant.

Statutory regulation of the accountancy profession

AnonymousUser | | Permalink

I received anumber of replies from Dr Austin Mitchell MP PhD. First of all, he is against any government led proposal that the 6 CCAB bodies should merge as he feels a merged enitity would have even more power than the bodies currently enjoy. He is also vehemently against any legal protection of the term accountant as he feels there are thousands of business graduates well equipped to peform accounting duties and protection of the term accountant would add to the exclusivity of the CCAB bodies.

He is against any form of statutory regulation again on the grounds that the CCAB bodies already in his view have too much power. He referred me to the website which he sponsors and which is highly critical of CCAB.

Readers may be aware that IAASA in Ireland is progressing the legal protection of the term accountant. Submissions have been received from the major accountancy institutes including CIMA and all, to my knowledge, are in favour of such legal protection in the public interest. The submissions will be placed on their website www.iaasa.ie at a future date.

IAASA established a forum for prescribed bodies and this forum which has 9 member bodies and not CCAB-I advises the Irish government on auditing and accountancy matters.

The CCAB in the UK should fulfill a similar advisory role to HM Government via the POB of the FRC.

Thanks

AnonymousUser | | Permalink

Dr Roche,

Thank you very much for your interesting responses. I apologise that I referred to Dr Austin Mitchell MP as Austen Mitchell MP.

Anstee(for the painfully obvious reason) was not in favour of merging with ACCA (despite its many similarities with CIMA which he so foolishly denied).

Mike

Future of the accountancy profession

AnonymousUser | | Permalink

My view is that the Irish approach to regulation of the accountancy profession is the right way forward. The government in Ireland is about to define the term accountant and legally protect the term. Nine accountancy bodies are precribed in law and these 9 belong to a forum of prescribed bodies which advises the Irish government - not CCAB - on policy matters.
Whether the 9 bodies eventually merge is of benefit to them in terms of economies of scale etc but as the forum speaks as a unified voice to government, the Irish government would have nothing to gain by any such merger.

I recommend that the Rt Hon Alastair Darling MP should follow the Irish example and replace the non statutory POB with a statutory authority like in Ireland ( www.iaasa.ie ). This statutory authority could prescribe bodies in the UK and also proect the title accountant. CCAB would be sidelined and a forum of all the RQBs/RSBs in the UK could be formed.

In this way the public interest would be served by having the term accountant protected and also HM government would have a single united forum advising on policy.
issues. HM government could ordain that all member bodies of this forum could describe their members as chartered ie legally recognised accountants by Royal Charter and statute.

When this is accomplished any merger debate would be held as a discussion among legally protected equals ie chartered accountants and the current hierarchy of qualification debate should be consigned to history.

Who else will be counted

AnonymousUser | | Permalink

Paul(Now the benefits kick in)Druckman says above "his [Anstee's] central failure was the lost merger vote".

Now, it's a bit like: if there is no upper-class, there can be no middle-class and thus no lower-class; then, if that was Anstee's central failure he must have had, per Druckman, at least two other failures.

I would remind Druckman that he wrote to the membership, in his usual impeccable English, and he too was in total support of the merger.

In their current words Druckman and Morris still support Anstee (but who else will be counted), and Anstee joshed in an open letter that he supports transparent justice.

So, they're all open (letter writers) but they can't answer any questions about the Durgan fiasco (which Anstee and Morris presided over) or who, so seriously, disgracefully,and unwisely leaked the story to The Independent.

A merger is on-ice for [at least] five years says CIPFA and there is no other CCAB member who even might merge with the ICAEW.

Anstee and Morris could go now. Council certainly appears to be in a state of in-fighting and disarray and if Izza is a likely replacement for Anstee he could be caretaker CEO for a trial period. Anyone new will do for a temporary figurehead as President.

That above, and an independent investigation by a QC into the Durgan debacle are suggested measures to wipe the ICAEW slate clean.

Signing off too

AnonymousUser | | Permalink

I agree, you use "his" when you mean "our" and "we" when you mean "I" and "its" when you mean "it's" and ,like Morris and Anstee, you do not begin to understand the word "shame". You meant "pity" and I certainly pity you for your inability to make your case or upset mine.

signing off

pauldruckman | | Permalink

Its such a shame we cannot have a sensible dialogue online, but the likes of "just in case" make that impossible.
Signing off......

listerramjet's picture

what on earth

listerramjet | | Permalink

has any of this got to do with Austin Mitchell? He is not a member of any of the institutes that have proposed merger, and nor does his views represent government policy. He is a red herring (no pun intended).

Power and absolute power ...

AnonymousUser | | Permalink

So Mr Paul Druckman does have a voice but only when he chooses. Perhaps, at the very least, he will reply to Ken Frost's unanswered questions (ref AcountingWEB piece of 30/6/06 by John Stokdyk) - but if he cannot dance, like other past ICAEW Presidents and most Council members, he will assuredly don his well-fitting-white-feathered cap and claim diplomatic immunity at the bar.

An apology

AnonymousUser | | Permalink

I now realise my "€" arithmetic was rubbish; but Eric can't count either.