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ICAEW launches new faculty

19/12/2007

The Institute of Chartered Accountants in England and Wales (ICAEW) has launched a new financial reporting faculty in response to growing demand for information and support.

Following the increasing complexity of accountancy standards and requirements within financial reporting, the ICAEW has set up a faculty to provide members with accessible and practical assistance on financial reporting issues.

Robert Hodgkinson, executive director, Technical, said: "The establishment of this new faculty reflects and responds to the significant increase in the complexity of accounting standards and regulation and aims to provide members with a trusted and independent external point of reference when dealing with financial reporting issues."

The Institute has established both an operational board chaired by Deloitte partner Andy Simmons and a Faculty Advisory Group comprising influential figures from business, academia, regulators and the user community.

According to the ICAEW: "Financial reporting is of central importance to members of the profession across the full breadth of the economy and, for many, involves an increasing degree of specialisation."

 

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