New ICAEW vice president sets accountancy goals

News Article - 14 February 2008
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Newly-elected Institute of Chartered Accountants in England and Wales (ICAEW) vice president Gerald Russell has indicated a desire to ensure the reputation of the sector is not damaged by the credit crunch and the consequent economic slowdown.

It was announced yesterday that Mr Russell will take office on June 4th 2008, but he has already stated some of his short and medium-term aims.

He also suggested that he is looking forward to helping the institute achieve the goals set as part of its "ambitious strategy" during his three-year tenure.

Speaking after the statement had been made at the ICAEW's monthly council meeting, the new vice president said: "Our profession faces significant threats as well as opportunities over the next three years and beyond.

"I'm delighted that I will be able to use my experience for the benefit of my own professional body."

Mr Russell's appointment comes following last week's publication of the ICAEW Business Confidence Monitor which showed business confidence has fallen to its lowest level since 2003.

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