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Jeff Wooller

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Jeff Wooller
Born Herbert Jeffrey Wooller
(1940-03-06) 6 March 1940 (age 78)
Yorkshire, England
Residence Monte Carlo, Monaco
Nationality British
Alma mater London School of Economics
Cass Business School
Occupation Accountant

Herbert Jeffrey "Jeff" Wooller (born 6 March 1940) is an English accountant and educationalist. He is noted for his accountancy tuition initiatives, and for campaigning for reform of his professional institute, the Institute of Chartered Accountants in England and Wales. The institute eventually excluded him from its membership because of his association with the Irish International University, Irish University Business School and International University Business School. Wooller has founded several educational institutions such as the Jeff Wooller College, Institute of Professional Financial Managers and Irish University Business School.

Early life and career[edit]

Born in Yorkshire, Wooller attended Millbridge Upper School and Heckmondwike Grammar School.[1][2] He began his career as a banker, which took him to Bangladesh and Pakistan.[1] When he returned to Yorkshire, he took a job with Peat Marwick, an accounting firm.[1] In 1970, Wooller attended the London School of Economics to take a two-year Master of Science in accounting and finance.[1][3][4][5] After the course ended in 1972, he went to Cass Business School and received a Doctor of Philosophy.[1][3] At Cass Business School, Wooller together with Dr Peter Grinyer conducted extensive research into the corporate models of projects sponsored by the Institute of Chartered Accountants in England and Wales.[1][3][6][7]

In January 1974, he was appointed technical editor of Accountancy, with special responsibilities in industry and commerce.[8] He created the "Students forum" section of Accountancy and also edited the "Students ask" section.[1][9] He is also a former editor of The Treasurer, the monthly journal of the Association of Corporate Treasurers and contributed to Accounting and Business Research.[9] He has previously worked as a management accountant with Tate & Lyle plc and Imperial Chemical Industries.[3][9][10][11] On 2 November 1987, Wooller was appointed editor of The Accountant.[12]

In the 1980s, Wooller set up referral courses in the United Kingdom costing £500, which were offered on a "no pass no fee" basis provided the student had completed a 200-hour work programme and a minimum of 10 tests.[13][14] In 1985, Wooller called for an appeals procedure to be implemented for students who were unsuccessful in getting an extension to the normal time limit for completing examinations.[15]

In 2007, Wooller lost his membership as an Honorary Fellow of the Institute of Financial Accountants after appearing on television. He had made statements that discredited the professional body and accountancy.[16]

Institute of Chartered Accountants in England and Wales[edit]

Wooller was a dissident member of the Institute of Chartered Accountants in England and Wales (ICAEW). In 1991, Wooller accused the ICAEW of having built-in bias when it marked examinations during a recession, and used PE II (Professional Education II) results to show the bias.[17] Wooller was fined by the ICAEW in 1995 for promoting unaccredited MBA courses.[18] Wooller formed a ginger group when the ICAEW tried to merge with the Chartered Institute of Management Accountants (CIMA) in 1995.[19] Wooller's ginger group opposed many of the actions of the ICAEW. The merger was shelved after the majority of the ICAEW members voted against it. The ginger group decided to keep fighting for democratic reforms and in June 1996, demanded that the executive of the ICAEW be elected directly by the 109,000 members of the body, instead of by the ICAEW's council of seventy members.[20][21][22][23] A year later, Wooller demanded that members of the ICAEW be allowed to vote on Peter Gerrard's key constitutional reform proposals,[24] and Wooller's motion failed by 1,400 votes, including proxies.[25]

In April 1998, Wooller claimed that the council of the ICAEW was obstructing his campaign to increase democracy after it refused to allow the original text of motions that were to be published to be heard at the annual general meeting in June 1998. Wooller's first motion was about electing the president of the ICAEW democratically by ballot. The other two motions came about from the Gerrard report. The second motion said the district societies should be self-financing and the third motion was on reducing the number of council members to fifty-three. The first motion used a quotation from an Accountancy Age interview with council member Ian Hay Davison, and Wooller was told to stop circulating Hay Davison's quotation after he objected to being quoted.[26][27] The ICAEW asked members to vote on an increase in the number of council members from seventy-five after requests made in the Gerrard report. Wooller asked members to reduce the number of council members to fifty-three, which was recommended by the Gerrard report as the ideal council quota.[28][29] A 54% majority of the ICAEW members supported Wooller's motion to reduce the number.[30][31]

Another merger was proposed, this time between the ICAEW, CIMA, and CIPFA.[32][33] Wooller said that his ginger group was "on full alert to mobilise against any proposed merger."[34] He also said that "we have all made huge sacrifices to become ICAEW members. We could all easily have taken CIMA or CIPFA without having to make any sacrifices", believing that differing standards of education were the greatest obstacle.[35] Wooller also said that if the merger was to go ahead, the council of the super-institute could change the accounting examinations system and qualifications.[36][37] The merger between the three institutes never took place.[38]

The ICAEW received praise from Wooller for its efforts to promote the ACA (ICAEW Chartered Accountant) qualification in China in 2007. In a letter to Accountancy Age, Wooller went on to say that "there is also huge potential for our qualification in India and Eastern Europe."[39] Wooller was excluded from the ICAEW in October 2009 after acting as the vice-chancellor of the Irish International University, Irish University Business School and International University Business School and not stopping it from confusing students or employers.[40][41][42] He was not present at his disciplinary tribunal and had made no final written submissions to the tribunal.[43][44]

Organisations[edit]

Wooller founded the Jeff Wooller College which was based in London. It provided a wide range of courses including ACCA, CIMA, CAT and AIA courses. In 1995, Wooller denied involvement in a visa scam with the Jeff Wooller College.[45] In the 1990s, Wooller sold the business to Felix Orogun and in 2008, it was renamed to Holborn School of Finance and Management following bad publicity about Wooller.[46][47]

Wooller founded the Capital Barter Corporation International (CBCI) in May 1996; it was dissolved in February 2009.[48][49] He is also the chief executive of the Institute of Professional Financial Managers and founder of the Irish University Business School.[50][51] He also owned James Good Developments Limited[52] and was involved with St. Clements University.[18]

Wooller is a former honorary chancellor of the Irish International University. When the university was investigated by the BBC, Wooller told them that the university was not recognised anywhere and its website was "a figment of someone's imagination. Someone's dreamt up what a university should look like, and that's what's on the website."[53] He admitted that the university's operations were dodgy.[54][55] Wooller had previously raised issues with Hardeep Singh Sandhu, the owner of the university, regarding its non-existent campus and accreditation by the Quality Assurance Commission, an organisation owned by Sandhu.[56][57] Wooller's response to the BBC London investigation was published by Accountancy Age.[58]

Personal life[edit]

Wooller has million-pound properties in Kensington and Monte Carlo and lives as a tax exile in Monte Carlo.[53][54]

Publications[edit]

References[edit]

  1. ^ a b c d e f g "Jeff Wooller". Accountancy. 88: 35. 1977. 
  2. ^ "Old school ties". Spenborough Guardian. 19 February 2008. Retrieved 24 December 2013. 
  3. ^ a b c d Grinyer, Peter; Wooller, Jeff (1975). Corporate Models Today: a new tool for financial management. Institute of Chartered Accountants in England and Wales. ISBN 9780852911044. 
  4. ^ "London School of Economics Alumni" (PDF). Retrieved 30 June 2013. 
  5. ^ London School of Economics; Political Science (1973). Calendar. Retrieved 30 June 2013. 
  6. ^ "Corporate models". Accountancy. 83 (955): 8. March 1973. 
  7. ^ "Professor Peter Grinyer". University of St Andrews. Retrieved 4 July 2013. 
  8. ^ "Technical editors appointed". Accountancy. 85 (965): 19. January 1974. 
  9. ^ a b c "Contributors to Accounting and Business Research". Accounting and Business Research. 11 (41): 96. Winter 1980. doi:10.1080/00014788.1980.9729684. 
  10. ^ "City Notes". The Accountant. 185 (5572): 490. December 1981. so Jeff Wooller, group management accountant with Tioxide International and freelance tutor (who offers a no pass – no fee service) should be well pleased with the latest addition to the London chartered accountant student magazine. 
  11. ^ Wooller, Jeff; Legget, Robert (1979). "Two sources of export finance". Industrial Marketing Digest. 4: 53. 
  12. ^ "New Editor joins the team". The Accountant. 1987. 
  13. ^ "Guaranteed Personal Tuition". Accountancy. 100. 1987. 
  14. ^ "Personal Tuition". Accountancy. 95: 93, 102, 113. 1984. Jeff Wooller, the original "No Pass No Fee" tutor, is so confident of success with his referral students that he guarantees that he would pay £1,000 to "No Pass No Fee" students completing the programme (including a minimum of 10 tests) were they subsequently to fail the final attempt at a referral. Cost is £500 VAT. 
  15. ^ "Tutor calls for appeals procedure". Accountancy. 96 (1099): 10. March 1985. 
  16. ^ Financial Accountant. Chartergate Pub. 2007. Retrieved 16 June 2013. Herbert Jeffrey Wooller (known as Jeff) has been deprived of his membership as an Honorary Fellow of the IFA, following his appearance on national television where his statements and bearing were deemed to have the potential to bring the IFA and the accountancy profession into disrepute. 
  17. ^ "What do the statistics show?". Accountancy. 108 (1179): 14. November 1991. 
  18. ^ a b "'Plagiarised' MBA application raises bogus degree concerns". Times Higher Education. 12 November 2004. Retrieved 30 June 2013. 
  19. ^ "Definitely the wrong direction". Accountancy. 115 (1222): 20. June 1995. 
  20. ^ "The one minute expert". The Independent. 2 June 1996. Retrieved 30 June 2013. 
  21. ^ Trapp, Roger (4 June 1996). "Plan to Ginger up ICA". The Independent. Retrieved 30 June 2013. 
  22. ^ "Corrupted member". Accountancy. 117 (1230): 5. February 1996. 
  23. ^ "Jeff Wooller's ginger group crushed at agm". Accountancy. 118 (1235): 16. July 1996. 
  24. ^ Stylianou, John (6 June 1997). "INSTITUTES – English ICA under attack". Accountancy Age. Retrieved 12 July 2013. 
  25. ^ "ICA president is 'out of touch'". Accountancy Age. 12 June 1997. Retrieved 30 June 2013. 
  26. ^ Stokdyk, John (8 April 1998). "Ginger plans 'censored'". Accountancy Age. Retrieved 30 June 2013. 
  27. ^ Stokdyk, John (15 April 1998). "Leader – ICA should strive for democracy". Accountancy Age. Retrieved 8 July 2013. 
  28. ^ Stokdyk, John (27 May 1998). "ICA members in double vote". Accountancy Age. Retrieved 30 June 2013. 
  29. ^ "Mitchell petitions Queen over ACCA 'standards'". Accountancy. 121 (1254): 17. February 1998. 
  30. ^ Stokdyk, John (2 June 1998). "Review row rattles ICA". Accountancy Age. Retrieved 30 June 2013. 
  31. ^ "Direct election defeated". Accountancy. 122 (1259): 17. July 1998. 
  32. ^ "Accountancy bodies go for 'strategic consolidation'". Accounting WEB. 14 September 2004. Retrieved 30 June 2013. 
  33. ^ Ashworth, Jon (6 December 2004). "Accounting institutes count cost of merger proposal". The Times. Retrieved 8 July 2013. 
  34. ^ Moher, Brian (22 July 2004). "Members will have the final say on merger". Accountancy Age. Retrieved 30 June 2013. 
  35. ^ Perry, Michelle (23 July 2004). "Institute merger merry-go-round". Accountancy Age. Retrieved 30 June 2013. 
  36. ^ Moher, Brian (4 November 2004). "Merger mania: Arranging a marriage". Accountancy Age. Retrieved 30 June 2013. 
  37. ^ "ICAEW seeks new head of education and training". Accounting WEB. 21 January 2005. Retrieved 30 June 2013. 
  38. ^ Reed, Kevin (25 January 2012). "No merger for ICAEW/CIPFA". Accountancy Age. Retrieved 30 June 2013. 
  39. ^ Reed, Kevin (21 June 2007). "Long-term critics u-turn in institute cold war". Accountancy Age. Retrieved 30 June 2013. 
  40. ^ Hinks, Gavin (14 October 2009). "Anti-merger leader stripped of ICAEW membership". Accountancy Age. Retrieved 30 June 2013. 
  41. ^ "Called to account". Accountancy. 144 (1395): 13. November 2009. 
  42. ^ Hanney, Brian (15 October 2009). "ICAEW expels 'fake degree' accountant". Accountancy. Retrieved 2 January 2014. 
  43. ^ Morris, Nigel (15 October 2009). "Fake degree accountant struck off". BBC. Retrieved 8 July 2013. 
  44. ^ "The Rules of Fairness" (PDF). Accountancy. 13 January 2012. Retrieved 2 January 2014. 
  45. ^ "Wooller denies involvement in visa scam". Accountancy. 115 (1222): 21. June 1995. 
  46. ^ British Vocational Qualifications. Kogan Page. 1 March 2003. p. 486. ISBN 9780749439613. 
  47. ^ Reed, Kevin (17 January 2008). "College distances itself from founder". Accountancy Age. Retrieved 30 June 2013. 
  48. ^ Prickett, Ruth (1 June 2001). "It's a Fair Swap". Financial Management. Retrieved 30 June 2013. "We heard of one customer who had sold fork lift trucks and amassed a large balance that he had problems spending. When he was asked for his 7 per cent commission on a deal he said: `With hindsight, I would have been better driving the trucks over the edge of a cliff,'" recalls Jeff Wooller, chairman of barter company CBCI. 
  49. ^ "Capital Barter". Archived from the original on 29 June 2010. Retrieved 29 June 2010. 
  50. ^ "Lecturer linked to unrecognised degree-seller". Times Higher Education. 11 October 2002. Retrieved 30 June 2013. 
  51. ^ "Irish University Business School". Retrieved 1 January 2014. 
  52. ^ Who Owns Whom: United Kingdom & Ireland. Dun & Bradstreet Limited. 2006. Retrieved 16 June 2013. 
  53. ^ a b Morris, Nigel (7 January 2008). "Bogus university scam uncovered". BBC. Retrieved 8 July 2013. 
  54. ^ a b Saini, Angela (8 January 2008). "A degree of deception". The Guardian. Retrieved 8 July 2013. 
  55. ^ "BBC London's undercover investigation exposes bogus university". BBC. 7 January 2008. Retrieved 8 July 2013. 
  56. ^ Reed, Kevin (17 January 2008). "Prospects: University challenged". Accountancy Age. Retrieved 8 July 2013. 
  57. ^ Reed, Kevin (8 January 2008). "ICAEW critic caught up in 'dodgy' university row". Accountancy Age. Retrieved 8 July 2013. 
  58. ^ Wild, Damian (23 January 2008). "Jeff Wooller's response". Accountancy Age. Archived from the original on 28 January 2008. Retrieved 28 December 2013. 
  59. ^ Hanika, F (October 1978). "Corporate Models Today – A New Tool for Financial Management". Journal of the Operational Research Society. 29 (10): 1036. doi:10.2307/3009487. JSTOR 3009487. (Subscription required (help)). 
  60. ^ Gartland, Peter (May 1975). "Corporate Models Today: A New Tool for Financial Management". Accountancy. 86 (981): 62. 
  61. ^ "Exam-room technique". Accountancy. 92 (1060): 7. December 1981. 
  62. ^ "PE II model answers – the exam-room approach". Accountancy. 93 (1065): 22. May 1982. 
  63. ^ "City Notes". The Accountant. 185 (5572): 434. December 1981. 

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