A GRADUATE from the University of Limerick has been elected President of Chartered Accountants Ireland.
Members of Ireland’s oldest professional accountancy body elected Pat O’Neill as President at the Institute’s 134th AGM.
Mr O’Neill graduated from the University of Limerick in 1989 with a Bachelor of Commerce (Hons) degree before training as a Chartered Accountant with EY.
In his new role, he highlighted the need to tackle the persistent capacity constraints facing the profession.
At the AGM, he noted, “Despite the recent and ongoing challenges of the pandemic and the re-emergence of significant inflationary pressures, the economy continues to grow. Our economic pillars of significant foreign direct investment and thriving domestic businesses require appropriate levels of accounting talent; however, several structural factors are causing very real problems on the supply side in this regard.
“The high school accounting curriculum, introduced more than 25 years ago, does little to introduce young people to the scope of the role of the modern accountant,” he noted, adding, “it It is therefore imperative that the program be fit for purpose in the 21st century, otherwise students will be deterred from a career in accounting, and we will not have the “benchmark strength” to support businesses on this island.
Mr. O’Neill has over 30 years of experience as an audit partner with EY. He has served on the Board of Chartered Accountants of Ireland since 2014; is a former Chair of the Institute’s Audit, Risk and Finance Board; and is a past president of its Leinster Society.
At the AGM, Sinead Donovan was elected Vice President of Chartered Accountants Ireland and Barry Doyle was elected Vice President.
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