Terence O'Rourke has been named as the new President of the Institute of Chartered Accountants. Mr O'Rourke, who is the institute's deputy president and head of Audit at KPMG, succeeded James Hunt.
John Greely succeeded Mr Rourke as Deputy President of the institute while Martin Wilson, Deputy Chairman of Ulster Bank was elected Vice-President. The appointments were announced at the institute's AGM in Dublin today.
Mr O'Rourke told the ICAI's AGM that 2004-5 would be a year of great change for the Institute having put merger negotiations with the CPA, public concern cases and the enactment of the Companies Act 2003 behind it over the previous 12 months.
He said that during his presidency he wants to make sure that the chartered accountants' profession engages with Irish society and with Irish business in a more open and constructive manner. He is also keen to renew the promise of what financial audit can contribute to Irish companies and Irish business.
