As I have just signed off on the last International Accountant of 2012, it is natural to look back on how the year turned out and without much analysis, I know that this year has been a heady assortment of progress, scandal and struggle. So whilst I appreciate that it is a little early for the round up of the year, here are a few of the headlines that sum up 2012 for me.
The AIA had a great year re-launching under a strong new brand and logo and undertaking the redesign of both the website and other promotional materials; there are now more links than ever before with universities offering AIA members entry onto their MBA programmes; in terms of recognition AIA obtained further recognition of its qualification by the Malaysian Government and in the UK the qualification was recognised at levels 5, 6 and 7 in the QCF framework by Ofqual.
In the UK we enjoyed an economic boost from both the Queen's Diamond Jubilee and the Olympics and Paralympics.
There was a range of headlines that reinforced that we are still some way from economic recovery. Firm and tough action was taken in the Eurozone and whilst Greece grabbed most of the headlines of countries heading towards bankruptcy there were others and we have all seen the backlash and financial struggles of those living under hard-hitting austerity measures.
2012 was also a year in which indiscretion and scandal hit the financial sectors, most memorably was the Barclays' Libor-fixing scandal, but banks came under further scrutiny with trading mishaps at J P Morgan and there were claims that Standard Chartered Bank were illegally hiding Iranian transactions to name a few.
So it has been a mixed year, but despite the bad headlines and tough economic climate a recent survey revealed that the accountancy industry had been voted best for training by graduates, and that is something we will continue to champion and support.