AAT 2023 Annual Report highlights a year of achievements

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Refocus, renewal, relevance are the three themes of the 2023 Annual Report.

AAT has just published its Annual Report, capturing a year of remarkable progress in which we continued to have a positive impact on the careers of students, members, businesses and society as a whole.

One of our key accomplishments is a 3% increase in professional membership, with an impressive 91.2% retention level and an 82% satisfaction rate among AAT members. We believe this reflects members’ trust and confidence in the organisation and its services.

There was also a 9% rise in licensed member applications, indicating the growing recognition and value associated with being an AAT Licensed Bookkeeper or AAT Licensed Accountant.

Accessible careers for all

At AAT, we are committed to making finance careers open to all. Towards that end, there was a 12.6% increase in apprenticeship starts compared to the previous year. Over 3,700 apprentices completed their courses, with many finding employment in small businesses.

AAT made further strides in support of diversity and inclusion.

  • The Gender pay gap – now stands at -0.2% due to an increase in women winning senior management roles.
  • AAT also achieved Disability Confident Level 2 and received the Employers’ Network for Equality and Inclusion Talent Inclusion and Diversity Evaluation bronze award.

Awards for AAT learning materials

External recognition for AAT came in the form of two awards at the Digital Finance Function Awards:

  • The Digital Decoded webinar series was honoured as the Learning Event of the Year.
  •  Chief Executive Sarah Beale was recognised as the Influential Woman of the Year.

AAT also achieved the prestigious Institute of Customer Service service mark, recognising its dedication to providing excellent customer service.

Driving up standards

AAT’s flagship Accountable campaign gained significant traction, leading to an invitation to address the House of Lords Economic Affairs Finance Bill Sub-Committee.

The campaign received support from 82% of surveyed MPs, further reinforcing the need for appropriate qualifications in tax advice.

Real World Ready strategy

In February of this year, AAT unveiled its new strategic plan, which extends to 2030. This plan aims to advance the recognition of accounting technicians globally and strengthen AAT’s community through innovative products and services. The Annual Report outlines how AAT intends to achieve these objectives while also acknowledging potential challenges that may arise.

Sarah Beale, Chief Executive of AAT, comments:

“This year, we re-evaluated our purpose in a post-pandemic world, which led to the launch of our new strategic plan in February 2023. We also launched our new suite of qualifications, Qualifications 2022, in September 2022.

“Both of these have helped lay the foundations for our new strategic mission to build global recognition of accounting technicians, attract a wider talent pool, deliver high-quality, relevant qualifications and embrace innovation whilst keeping our members and students at the heart of everything we do.”

Why not take a look at the Annual Report for yourself? You can find it here.

David Nunn is Content Manager at AAT.

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