AIA COUNCIL MEETING 21 MAY 2018

AIA’s Council Meeting held today (21 May 2018) provided the opportunity for in-depth discussion and debate on key topics which will affect AIA’s strategic development for the months and years ahead.

In the short-term the AIA is continuing to celebrate its 90th anniversary with involvement in the recent Commonwealth Heads of Government Meeting (CHOGM), discussing international trade and economic sustainability, and the announcement that the 90th Anniversary Dinner will be held on 8 October 2018 in London at the House of Lords.

It was recently announced that members in the Republic of Ireland can now apply to be included in the panel of accountants which has been established as part of Abhaile (the State funded scheme of Aid and Advice for borrowers in home mortgage arrears). Under the Abhaile scheme, eligible borrowers can be referred for independent financial advice and assistance to a panel of accountants who agree to provide specified fixed services free of charge to the borrower, at fixed fees payable by the scheme.

Another key topic for discussion in the short-term was the General Data Protection Regulation (GDPR), which will come into effect on 25 May 2018. AIA has worked closely with a selection of partners to provide members with the information they require in order to be compliant and has amended its internal controls accordingly.

Moving forward AIA is actively supporting the ongoing independent review ordered by the UK government into the remit and functions of the Financial Reporting Council (FRC) in order to enhance transparency, accountability and independence which we believe is essential for the credibility of audit and accountancy regulation and the wider finance environment.

Following the meeting AIA President Les Bradley said “I express my sincere thanks to all members of AIA’s council for their ongoing commitment and support they give to AIA throughout the year.

“I am proud of our strategic development as a membership body over the previous twelve months and look forward to growth in new market areas over the coming year. We must now continue to work closely to support our members, broaden AIA’s international recognition and implement our long term strategy to deliver sustained future expansion.

“Finally we must also not lose sight that this is a significant time for the AIA as we look forward to celebrating our long history providing qualifications and member services with our 90th anniversary dinner at the House of Lords in October.”