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Embracing the full breadth of the economy (1 of 2)
Advisory boards which span the full breadth of the economy
In 2006 the Institute established the first in a series of advisory boards intended to provide high level advice to meet the needs of members operating in business, practice and internationally. These boards have been created, as their name indicates, to advise on specific initiatives intended to bring us closer to members in each sector of our market. According to the Chief Executive, Michael Izza:
‘Our new advisory boards, which comprise leading sector specialists, exist to provide high level insight and feedback to the ICAEW and help us develop our strategy.’
By the close of 2006 international, practice and young professionals boards were operational with business and public sector boards coming on stream early in 2007.
New faculties, new reach
In 2006, in parallel with the work to launch our new Financial Services Faculty, we also undertook research into the viability of creating a Financial Reporting Faculty. As a result of the emergence of more specialist and complex reporting requirements and the demand for up-to-date advice in this area, we are planning to launch this new faculty in late 2007.
A new special interest group
Membership of our Special Interest Groups (SIGs) has doubled in the last two years. With the launch of the Public Sector SIG this year we have been able to develop our expertise in the one area of the UK economy where we have been under-represented in the past. Given the increasing number of students training across the public services it satisfies a requirement that had been apparent for some time. The new SIG has also enabled us to build ties with the Chartered Institute of Public Finance and Accountancy with whom we maintain good relations.
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