18 April 2003
CIPFA has published its financial results for 2002, showing a strong overall performance. Turnover reached £32.8m, 13% up on 2001, while the financial surplus was £428,000.
The institute said the results reflected a substantial improvement in the number of student registrations.
Last year, 867 students registered with CIPFA, a 12% growth on 2001 and the highest annual registrations for a decade.
CIPFA president Roger Tabor commended the performance. He said: 'It's particularly encouraging that we've done it in a year when we are still investing in our five-year development plan.'
Meanwhile, the institute's council has recommended a move to mandatory continuing professional development.
If accepted by a ballot of members, this would make CIPFA the first UK accountancy body to take such a step.
PFapr2003
