ICAEW members have voted against the merger proposal by the narrowest of
margins. Some 65.7% of members voted for the merger – fewer than 600 votes short
of the 66.7% majority needed to carry the motion.
After a lengthy campaign to ensure a decent turnout, 56,326 members voted. Some
37,004 supported the proposal.
CIPFA members emphatically endorsed the merger, with 86.6% voting for the
proposal. Some 5,636 CIPFA members voted, with 4,885 backing the motion.
The merger campaign has highlighted divisions between the ICAEW’s executive and
council and its membership. A small group of members has led a vocal campaign
against the merger, criticising the amount the institute has spent on making its
case and questioning the benefits of an alliance to ICAEW members.
And while the vote had been expected to be close, few would have predicted such
a tight margin.
The AAT has become the first accountancy body to sign the Women in Finance Charter, which is designed to help achieve gender balance in the financial services industry
New government measures to target abuse of a VAT simplification scheme may have 'unwelcome consequences' for small businesses, says the institute
Fiona Wilkinson to take up the position in June 2017
The AAT will deliver the end point assessments for the apprenticeships