Comment

President's comment - December 2017

Dec 01, 2017
Welcome to the December edition of Accountancy Ireland. I am now almost half way through my Presidential year. Among the highlights so far have been the many conferring ceremonies held over recent months for newly inducted members of the Institute as well as the FCA designation for those who have achieved 10 years of membership. There have also been diploma and certificate conferrings for the many members who have invested in themselves and completed many lifelong learning opportunities on offer from the Institute. These events were an opportunity for me to meet members, and also for members and their families and friends to celebrate their achievements.

Ethics

This edition is largely devoted to the theme of ethics and governance. Our members have always taken great pride in the high standards of ethics in our profession. Our integrity, our ethics are right at the core of what it means to be a Chartered Accountant. It’s an area where our Institute has sought to lead the way, and I think the articles in this edition show that we are doing just that.

The Institute currently has a research project underway with members  focused on identifying the key issues impacting on ethics and governance, especially as they relate to the charity and not for profit sector. I look forward to the findings being published in 2018. This will provide members with a valuable source of best-practice knowledge and advice.

Pension provision

In Ireland, the gap between public and private sector employees in pension funding remains wide. 60% of private sector workers are reported as having no pension provision and, instead, will rely on the State-provided pension to fund their retirement. It is an issue which needs to be resolved. 

The Institute is about to publish a new report, Pensions in Ireland – A Responsible Way Forward. This is a meaningful, solutions-oriented contribution to the debate. The paper examines a number of different pension funding models in other countries and looks at how an auto-enrolment approach to pension-funding could be used. I believe that the report outlines an approach which will go some way to bridging the funding gap. We have also carried out a survey to gauge what members think about pension auto-enrolment. Thank you to all those who contributed. 

Brand campaign

As a professional membership body, one of the Institute’s key functions is the promotion of our profession and highlighting the value that we bring. 
Supporting this aim, the Institute ran a radio and online advertising campaign in November with the message, “Make Sure Your Accountant is a Chartered Accountant”. This year, we have stepped up the campaign with more print and online advertising, and more branded materials. The campaign also plays a significant role in attracting the next generation of talented and ambitious people to the profession.

Annual Dinner

Our Annual Dinner will take place at the Convention Centre, Dublin on Thursday 8 February. Professor Louise Richardson will be the keynote speaker. Professor Richardson is Vice-Chancellor of the University of Oxford and was previously Principal and Vice-Chancellor of the University of St Andrews.

I am delighted that Professor Richardson will speak at the foremost event in our calendar. I hope that you will come along for what will be a fantastic evening celebrating the talent and impact of our membership.

Season’s greetings

As we come towards the holiday season, I would like to take this opportunity to wish you all a very merry Christmas. I’d like to thank you for your support throughout the past year.

Shauna Greely
President