[1] In 1970, Wooller attended the London School of Economics to take a two-year Master of Science in accounting and finance.
[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.
[9] He has previously worked as a management accountant with Tate & Lyle plc and Imperial Chemical Industries.
[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.
[18] Wooller formed a ginger group when the ICAEW tried to merge with the Chartered Institute of Management Accountants (CIMA) in 1995.
[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.
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.
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.
[48][49] He is also the chief executive of the Institute of Professional Financial Managers and founder of the Irish University Business School.