Robert Hodgkinson, Executive Director, Technical Thought Leadership.

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Presentation transcript:

Robert Hodgkinson, Executive Director, Technical Thought Leadership

Aim of presentation Share ICAEW thought leadership experience

Why ICAEW does thought leadership

A profession is built upon a body of knowledge Professional institutes inspire public confidence in their members' knowledge A profession's body of knowledge needs to develop and respond to a changing world The ICAEW charter requires it to 'advance the theory and practice of accountancy' ICAEW acts as a bridge between academics and practitioners

What thought leadership involves

Commitment to long-term programmes Identification of continuing themes Belief in the benefits of diversity and collaboration Willingness to learn from experience and evidence

How ICAEW does thought leadership

Programmes that cover activities of ICAEW and all its faculties Input and oversight from members and non-members Interaction of practitioners and academics ICAEW events and participation in non-ICAEW events Papers written by ICAEW staff, independent academics and others

Benefits of thought leadership

Practical input to a wide range of academic research New insights and appreciation of different perspectives Guidance that members can apply in practice Access to governments, regulators and public policy making Confidence in our institute, qualifications and members

Examples of ICAEW thought leadership

Annual Information for Better Markets conferences 'Measurement in financial reporting' and 'Developments in new reporting models' Audit Quality Forum work on national application of international standards 'Alternatives to audit' and 'Sustainability: the role of accountants' 'Reporting with integrity' and 'Instilling integrity in organisations'

Challenges of thought leadership

Policy makers and other practitioners like certainty Some activities and results are not popular with everyone Some organisations' thought leadership is of poor quality It is difficult to take account of differing national circumstances Effective engagement requires substantial resources

Summary of presentation

Thought leadership is fundamental to professional institutes A long-term commitment to developing knowledge is needed There is a wide range of potential benefits from thought leadership

Discussion points

Relevance to CICPA of ICAEW thought leadership experience Opportunities for CICPA and ICAEW to work together