10 things we learnt this week: 29 April 2016
A round-up of the recent top content you may have missed from CA Today.
1. Ken McHattie CA became the new President of ICAS
The appointment of Aurora Petroleum Chairman Ken McHattie CA as ICAS President was announced at the ICAS Annual General Meeting (AGM) on Friday 22 April. He replaces Jim Pettigrew CA as President and will serve a year in office.
2. ICAS focused on the facts in EU debate
ICAS experts have released an objective summary of some of the key issues surrounding the EU membership referendum. ‘UK Membership of the EU – Putting into Perspective’ builds on ICAS' previous contributions.
3. Catherine Burnet CA was named Head of KPMG in Scotland
ICAS Council member Catherine Burnet CA has been promoted to head of KPMG's Scottish operations. She has been with the firm since 1994 and is believed to be the first female senior partner of a Big Four accountancy firm in Scotland.
4. Almost a quarter of FTSE 100 CEOs are chartered accountants
A report by UK recruitment firm Robert Half revealed that 23% of FTSE 100 CEOs are qualified as chartered accountants. The research further stated that CEOs are most likely to have backgrounds in the financial sector.
5. ICAS has appointed new council members
ICAS has expanded its global presence by welcoming three new international members to its Council. The appointment of Clive Bellingham CA (PwC), Kenneth Morrison CA (Mazars) and Jim Robertson CA (Shell) was announced at the ICAS AGM last week. Young members Indy Hothi CA and Laura Sutherland CA have also joined the ICAS Council.
6. Donald Drysdale CA tackled devolution issues for NICs and income tax
The tax specialist explained why hopes of aligning income tax and NICs are thwarted where one is devolved and the other is not.
7. The EY Global Fraud Survey uncovered interesting results
New research has suggested that almost half of CFOs and other business leaders would be willing to engage in unethical behaviour. The 2016 survey demonstrated a "worryingly high tolerance or misunderstanding of conduct that can be considered inappropriate" in businesses around the world.
8. Chartered Accountants Worldwide welcomed another Associate Member
The Zambia Institute of Chartered Accountants (ZICA) has become the newest Associate Member of Chartered Accountants Worldwide. ZICA has been established for 33 years and has an international reputation for its high quality standards of accountancy education and practice.
9. Most UK companies are hiring CEOs externally
The annual CEO Success Study by Strategy& showed a record number of CEO appointments at UK companies in 2015 were external hires. UK CEO turnover was also at a record high of 19.3%.
10. More accountancy job vacancies are being advertised
The latest Robert Walters UK Jobs Index showed that vacancies for accounting and finance professionals rose in the first quarter of 2016. Increased consumer spending and calls for greater transparency in the tax process are thought to be the main drivers.