Julia Penny

Julia Penny became Technical Adviser to IFAC Board member Fiona Wilkinson in November 2024, having been nominated by ICAEW.

Ms. Penny was president of the Institute of Chartered Accountants in England and Wales (ICAEW) in 2022-23, having been a non-executive ICAEW Board member since 2017 and chair of the Board during her year as president. She was also a member of the nominating and remuneration committees of ICAEW.

Ms. Penny has been a member of ICAEW Council since 2013 with her term completing in 2025. She is also a past chair of both the ICAEW Technical Advisory and Ethics Advisory Committees, a former member of the Technical Strategy and Financial Reporting Faculty Boards, and of the Association of Accounting Technicians’ Council and audit committee.

Outside of this volunteer ICAEW involvement Ms. Penny is a well-known speaker and writer on audit, financial reporting, anti-money laundering and wider issues impacting the profession. She is the current author of the Bloomsbury publication Accounting Principles for Tax Practitioners and regularly writes guidance and training material published by Croner-i. She also uses her technical writing skills to provide content for software companies, firms or networks wishing to write and implement their own policies and procedures.

Ms. Penny is passionate about audit quality and a well-functioning profession. This includes a sharp focus on improving diversity, developing the use of technology and constantly reflecting on the need for businesses to become sustainable and how the professions can help achieve this.

Ms. Penny is a Fellow of the ICAEW and holds a BA(Hons) Accounting and Finance Degree. Ms. Penny is an honorary member of CIPFA.