In this month’s Accountancy magazine, we are informed (front cover, inside cover, back cover, page 2, page 17, page 31 (small), page 35) that ICAEW members will not get the magazine as part of their annual membership subscription and urging them to subscribe from February 2012 when the link ceases.
So what now for the ICAEW membership? Perhaps a reduction in subscription cost?
Today that question was answered with an email from Michael Izza, chief executive of the ICAEW, stating that there will be a new journal for ICAEW members, which presumably will not mean a reduction.
But what of Accountancy magazine, this is surely going to put quite a bit of pressure on them, especially with regards to advertisers as the 130,000 members and 9,000 students won’t presumably all subscribe to Accountancy ongoing? I suppose we’ll see the best of Accountancy Magazine in the next few months, as it tries to make itself indispensable for accountants.
But I certainly won’t be putting down £80 until I first see what the new ICAEW magazine is like.
I have been reading the Accountancy for over forty years. Now that I have been used reading it gratis for the last few years I am advised to subscribe. I consider the Accountancy as indespensable for people in practice the Institute should reconsider its decision. I practice in North Cyprus which the Institute President or other visitors to the South do not visit for political reasons.
I hope the decision to ask subscription to the Accountancy is reconsidered by the Institute as the subscription is quite substantial for small firms.