FOR THE RECORD
Member information and updates from ICAS
Meeting of minds
The return of the CA Summit last month brought together brilliant minds and business analysts to tackle the most important issues facing us now and in the near future. The line-up included former Waitrose chief, Lord Mark Price; Edwina Dunn OBE, the woman behind Tesco Clubcard and founder of the Female Lead; and Iain Anderson, the co-author of Labour’s “partnership plan” for business, as well as various experts in tech, politics and economics.
As an ICAS member you can watch full reruns of both days of the summit via the links below. In the meantime we’ve picked out a few selected soundbites.
Professor Andy Pardoe: If there is one sort of positive that has come out of Covid it has been the massive adoption of AI in the healthcare sector. It is amazing what it can do, from augmenting diagnostics, to helping the supply chain, to robots cleaning parts of hospitals. AI can be applied across every industry and in every role and every function. That’s both the beauty and the challenge.
Edwina Dunn: I truly believe that economic growth is going to come from “speaking woman”. Not as much research is ever conducted into what women need and want, they are often added into what men want. When people realise woman are these decision-makers, and they learn to collect the data and study what women want, it will be an enormous spurt in income and growth for those organisations. But we need to learn the woman’s language.
Lord Mark Price: The UK is the bottom of the G20 for workplace happiness and productivity. The data says that we’re just not as good as other countries in managing our workforces to get discretionary effort, to get them to give more. I was the chair of the CMI [Chartered Management Institute], which found 82% of managers were “accidental managers” – they had no management training but they had a qualification or experience in their field. One of the big things the government could do is think about the quality of managers.
Iain Anderson: So you know we have this reform of the local government pension scheme, but what is that going to deliver in terms of schools, hospitals, all of that kind of stuff? That's the bit [the government] is missing in terms of the messaging and conveying the wider story. What’s the investment plan for Britain? I think there is an investment plan, but for me as a business person and someone that communicates with government, it is not coming across yet.
Watch day one of CA Summit: Are you ready for Business 3.0
Watch day two of CA Summit: New government, same old economy?
2025 Admission Ceremony
The Admission Ceremony is the pinnacle of our CA students’ journey with ICAS. It marks the end of their rigorous training and the beginning of their exciting career as a qualified CA. It’s a day filled with celebration and pride, not only for our new CAs, but also for their families, friends and for ICAS itself.
On Saturday 5 April, we’ll welcome our newest CAs to the Edinburgh International Conference Centre, where they’ll be officially admitted to ICAS membership and join our global network of over 24,000 members. The ceremony will feature inspiring keynote speeches, a formal admission process and the opportunity for the newly qualified CAs to celebrate with their guests and connect with their peers.
If you were, or are due to be, admitted on or after 29 March 2024 and before 21 March 2025, you’re eligible to attend the 2025 Admission Ceremony. Join us to celebrate your success in qualifying as a CA and admission to professional membership.
London Retired Members Group
The next scheduled meeting of the London Retired Members Group is on 9 January 2025, to be held over lunch at an Italian restaurant in Paddington.
The meetings are arranged to be social, often with a small talk on accounting matters too, and members are welcome to bring their partners.
Three new members joined in 2024 and the group, which currently ranges in age from 59 to 76, is always looking to expand. Meetings are quarterly and this year’s events have included a visit to Tate Britain.
If you are a retired CA, live in the London area (or nearby – one member lives in Buckinghamshire) and are interested in joining, please get in touch at the address below.
Please email alanbegg@hotmail.com for more details
Sustainability Summit 2025
Location: Sustainable Ventures, County Hall, London SE1 7PB
Date: Wednesday 23 April 2025
Come to the 2025 edition of the Sustainability Summit and get a head start on UK sustainability reporting standards. Hosted in London, the summit will give attendees a clearer understanding of how these standards will affect targets for net zero and decarbonisation.
Save the date
Global currency and foreign exchange
Do you have clients making international payments?
ICAS has partnered with IFX Payments, a leading global provider of foreign exchange, payment and financial technology services.
Founded in 2005, IFX Payments offers advanced solutions for corporate payment, treasury and financial management needs.
IFX Payments works closely with accountancy practices to help their clients save time and money on their international payments. By working with IFX Payments, you and your clients will gain access to:
• Currency and foreign exchange risk management solutions: Protect your business from exchange rate fluctuations.
• Multi-currency treasury management: Using IFX Payments’ platform, businesses can eliminate the need for owning separate and costly foreign currency accounts.
Find out more by visiting the website or emailing icas@ifxpayments.com
Naeema Joji CA
Audit Assistant Manager, National Markets Audit, KPMG LLP
What attracted you to your current role?
The potential for career progression and the extensive opportunities for professional development. Having studied accounting at university, I was inspired by one of my lecturers who described her experience in audit as the best she had outside of academia, emphasising the dynamic and impactful nature of the work.
In a Big Four firm, there are numerous pathways for growth, whether it’s advancing to senior roles, exploring specialised areas or different service lines. The emphasis on mentorship and structured training programmes further enhances my development, allowing me to gain insights from experienced professionals. The collaborative environment and diverse range of clients provide a great platform to learn and contribute meaningfully.
What part of your training with ICAS has helped you most in your career to date?
The emphasis on time management and the ability to work effectively under tight deadlines. The rigorous nature of the programme taught me how to prioritise tasks and manage my time efficiently, which is essential in the fast-paced environment of audit.
Additionally, my training provided me with a solid understanding of accounting standards and a baseline for their application in real-world scenarios. This foundational knowledge has been invaluable in my current role.
What do you hope to achieve and learn in that role over the next year or so?
I really hope to get a better grasp of how our profession is changing, especially with things like AI becoming more common. There’s so much to learn, and I know the accounting field is always evolving, which brings both challenges and exciting opportunities.
I want to stay on top of these changes and build my skills in areas like data analytics and using technology in our audit processes. It’s an exciting time to be in this field, and I’m looking forward to diving into it.
What do you enjoy most about working at your company?
The incredible people and the opportunities available to me. Regardless of the role, the people and the company culture significantly shape one’s experience. I feel fortunate that my first job out of university is with a large firm that fosters such a positive and supportive environment. This culture has not only enhanced my professional development but has also made the transition to the workplace much smoother. I appreciate the collaborative spirit and the encouragement I receive from my colleagues.
What would you say to anyone else thinking about studying to become a CA?
Just do it! My experience has been far beyond what I initially imagined. It has been incredibly rewarding. The last four years of my career have profoundly shaped my life for the better, both professionally and personally.
The journey has offered me valuable insights, a strong network and diverse opportunities to develop my skills. I’ve found that the challenges are not only manageable but also enriching, and the support from peers and mentors along the way has made a significant difference. If you’re passionate about the field, I wholeheartedly encourage you to pursue this path – you won’t regret it.
Are you a recently qualified CA, interested in appearing in this column? Email us at camagazine@therivergroup.co.uk
ADVERTISEMENT