Following the AIA Finance Committee’s recommendation to realign the financial year to mirror the membership subscription year, this Annual Report covers a period from 01 January 2016 through to the 30 September 2016. The same period has also seen some significant changes in the AIA’s staff structure at Head Office to ensure that the AIA is well positioned to offer a professional accountancy qualification for the future whilst meeting the needs of our members and students today.
We take our regulatory obligations seriously and it is pleasing to report that we have adapted to the changing regulatory agenda and met the requirements for ongoing recognition with the Financial Reporting Council (FRC), the Irish Auditing and Accounting Supervisory Authority (IAASA), HM Treasury and the Office of Qualifications and Examinations Regulation (Ofqual). This gives confidence that the AIA professional qualification provides the skills, knowledge and experiences that are second to none.
The AIA embarked on a syllabus review in 2016 with the aim of launching a new professional qualification in 2019. Running concurrently to the syllabus review, AIA is determined, now more than ever, to ensure that members are rightfully recognised throughout the world and the new strategy is to tackle outstanding recognition within existing markets with renewed dedication and embrace new markets with equal vigour.
This approach has already proved successful and will continue until we meet our objectives in the coming years. AIA has an ambitious strategy for growth over the coming years and conscious of our role as a responsible employer and to develop and improve our services we have invested in staff. Through training and development plans many AIA staff have undertaken specialist courses to advance their skills for the challenges we face in a rapidly changing and complex environment. We would like to take this opportunity to thank all our staff in the UK and across the branch network for their continued support, positivity and exceptional contribution in 2016.
We are proud of our achievements, and even more optimistic about where we are going.