Never trust an institute
NEVER, never, trust an "institute". The Institute of Chartered Accountants in Ireland (ICAI) ranks with the financial regulator as the winner of the wooden spoon for watchdogs.
The ICAI boasts such illustrious members as Charles Haughey, DCC's Jim Flavin, even recent heroes like Anglo's trio of Sean Fitzpatrick, David Drumm and Willie McAteer. Boring old accountancy bodies seem to attract such interesting people. Sean was even on the institute's council while he was burying all those loans.
Meetings must have been exciting. The institute runs a complaints procedure. Please do not laugh.