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Careers

Like our personal New Year resolutions, work-related goals will slip unless they become embedded in our daily routine, writes Teresa Campbell. At the start of a new year, it is natural to think about what you want to achieve over the coming 12 months, both personally and professionally. We set goals for ourselves and our teams, often investing much time in the process. However, even with the best of intentions, we often slip back into familiar routines, missing out on opportunities to make the most of the year ahead. Getting into the habit When setting out to achieve new goals, it can be useful to focus on developing new habits that can help us succeed. In 2009, Phillippa Lally and her colleagues at London’s UCL defined habits as behaviours that are performed automatically because they have been performed frequently in the past. Their research found that it can take much longer than many people think to form a habit, and perseverance is the key to success. According to Lally and her colleagues, to form a habit, one should be very clear with themselves about what action they will adopt and in what situation, and then carry out that action consistently. Lally says that, over time, it will require less effort. Likewise, in the workplace, when managers are encouraging teams to form new habits (be it good time management, better organisation or to adopt a more independent working style), they need to be clear about what they want the team to achieve, encourage the group along the way and have regular check-ins to be sure these new behaviours are happening consistently. Do as I do Managers also need to reflect on how their work habits impact on team members. Do you lead by example? Do you make time to get to know your team members? Do you give credit where credit is due? Do you take regular breaks, manage your stress and prioritise your health and wellbeing? Do you communicate your expectations clearly and set realistic goals and deadlines? These are essential habits, which all persons should develop to become a productive team member – but your team will struggle to embed them into their lifestyle if they don’t see you doing the same. Consistency is key I suspect that if you were to ask each of your team members and managers about the good habits they would like to nurture in 2020, you would end up with a long list of aspirations covering everything from better time management to cutting back on social media to giving higher priority to health, wellbeing and community involvement. Whatever their goals for the coming year, remind them that persistence is vital. While they may slip for a day here or there, they should try to be consistent and prioritise getting back on track. That way, there’s a good chance their new habit will continue to benefit them throughout the coming year and beyond. Teresa Campbell FCA is the People and Culture Director at PKF-FPM Accountants Limited.

Jan 03, 2020
Press release

Chartered Accountants Ireland today announces a three year partnership with specialist accountancy recruitment practice Barden. The collaboration will see Barden support the Chartered Accountants Student Society of Ireland (CASSI) with a six-figure sum investment over three years, alongside a commitment to 1,000 career coaching hours for students and recently qualified Chartered Accountants. Elaine Brady, Managing Partner, Barden Dublin says of the partnership: "This partnership, with the future of the accounting profession in Ireland, is a culmination of years of hard work by our team here in Barden. It was a privilege to be asked to participate and we are proud to be a part of helping the Chartered Accountants of tomorrow make the best decisions for their professional and personal development. It's about more than just jobs; it's about life." Emma Noonan, newly elected Chair of CASSI (Chartered Accountants Student Society Ireland ), says of the partnership: "The contribution Barden will make to support the Chartered Accountants Student Society of Ireland (CASSI) will make a huge impact to the positive services we offer to our members, and we will be in a stronger position to ease the path of future Chartered Accountants as they launch their careers." It is intended that Barden's contribution will be used to support student communications, such as a website and e-newsletters, dedicated sporting events, social activities, and coaching and advisory sessions for future Chartered Accountants. ENDS Notes to editors For reference: Claire Percy, Chartered Accountants Ireland, 086 216 4393 claire.percy@charteredaccountants.ie Ed Heffernan, Barden, 086 209 8701, edheffernan@barden.ie  About Chartered Accountants Ireland: Chartered Accountants Ireland is Ireland's largest and longest established professional body of accountants founded in 1888.  The Institute, which is an all-island body, currently represents over 27,000 members around the world. About Barden: Founded by Ed Heffernan, Elaine Brady and Jonathan Olden in 2014, Barden has grown organically into a thriving team of accountancy, finance and tax recruitment experts in Dublin and Cork, who strive every day to redefine what finance professionals should expect from recruitment. For further information about Barden visit www.barden.ie.     

Feb 03, 2020
Press release

 Annual Dinner speech emphasises leading role of Chartered Accountants in Irish business  Pictured (l-r) at the 2020 Annual Dinner were Institute President Conall O’Halloran with Guest of Honour and Lifetime Achievement Award winner, Lochlann Quinn. The President of Chartered Accountants Ireland, Mr Conall O’Halloran FCA, has said that audit in its current form does not meet public expectation and that the gap between expectation and reality has, in part, contributed to a breakdown in trust between the profession and wider society, particularly in the context of the UK market. In making the comments to over 850 business leaders and industry representatives as guests of the Institute’s annual dinner (Friday, 31st January 2020 at the Convention Centre in Dublin), Mr O’Halloran distinguished recent issues and events in the UK from the Irish market, stating; “I am confident that this is a different market, that the large audit firms in Ireland are absolutely committed to maintaining and enhancing their reputations for audit quality and committed to working with our regulator, IAASA.” “Nevertheless, trust is damaged when the public suspect that the profession is acting out of self-interest. It is damaged when the public expects more of us than we believe we are required to do.” “On the point of self-interest. I believe this emanates from a perception that the big firms use audit as a loss leader to sell additional consulting services to clients. As regards the large public company market in Ireland, this is absolutely not the case – nor has it been for many years.” “Our own recent research supports the fact. It shows that fees paid to the auditor for non-audit services amounted to just 7%. This compares to a maximum threshold of 70% permitted by EU legislation.” Mr O’Halloran observed, “Society at large has rightly questioned what is the true value of audit if it doesn’t express an opinion on a company’s viability?” Referencing the Chartered Accountants Ireland submission to the UK’s Brydon report on audit effectiveness and quality, Mr O’Halloran said, “I believe that society and legislators can expect more than the current audit product is designed to deliver. We made this point directly to Sir Donald in our submission, and again when we met with him in London last November.”  “We indicated that auditors could, and indeed should, express their own views on a company’s prospects and also to report on their assessment of a company’s long-term viability. We did that because it is up to us to take the lead in redefining what we can deliver. We are committed to working with Government and IAASA to ensure audit evolves and responds to the needs of both business and wider society.” One in four Irish PLC board members a Chartered Accountants The profession enjoys a leadership position at Irish PLCs according to an analysis by the Institute examining the qualifications of board directors, with Chartered Accountancy the most prevalent qualification held as cited in the annual reports published. Across some 57 Irish Publicly Listed Companies, one in four board members is a Chartered Accountant. This is a higher percentage than any other profession or qualification and outnumbers all other accounting qualifications combined by more than three to one. At 88%, the majority of PLCs (50 out of the 57 companies surveyed) had at least one Chartered Accountant on their board, with 38 of these companies (67%) having two or more Chartered Accountants as board members. Some 70% of the Finance Directors are Chartered Accountants, with the qualification also held by one in five (20%) Chief Executives.  The President of Chartered Accountants Ireland noted that the profession had enjoyed considerable success in training business leaders, with members succeeding at the highest level of business in Ireland and globally. He further stressed; “by taking the lead, we can ensure that we remain a vibrant profession, and that we continue to attract our brightest graduates and provide them with the best business education available.” ENDS Notes to Editors Auditor independence research from Chartered Accountants Ireland: https://www.charteredaccountants.ie/docs/default-source/dept-public-policy/auditor-independence-in-ireland.pdf?sfvrsn=2 Link to Brydon report: https://www.gov.uk/government/publications/the-quality-and-effectiveness-of-audit-independent-review Research into Irish Plcs: Chartered Accountants Ireland analysed the composition and qualifications of the board of directors of Irish PLCs, using publicly available information from 57 companies. The methodology was a desktop review, based on the 2018 annual reports of each PLC. The companies reviewed are PLCs on the island of Ireland whose primary commercial base is in Ireland. Reference: Brendan O’Hora, Director Members, 086 243 2428

Feb 03, 2020