Newsflash - ACCA plans merger with CIMA & CIPFA
ACCA mailing reveals plans to create an accountancy ?superbody' by merging with rival institutes CIMA and CIPFA, reports Lawrie Holmes
ACCA mailing reveals plans to create an accountancy ?superbody' by merging with rival institutes CIMA and CIPFA, reports Lawrie Holmes
The certifieds? association sent a letter on 14 July to all 120,000 members of the three institutes setting out its proposal for a three-prong structure to serve business, public sector and practice members.
‘This is a model that should find a resonance with everybody,? said ACCA president Michael Foulds.
Foulds stressed the new body would be ‘an equal partnership’ and would not be dominated by ACCA. ACCA has 60,000 members, compared to 43,000 in CIMA and 13,000 in CIPFA. The merger would give the profession greater influence with the government, which wanted fewer insitutes, and support the globalisation of accountancy, he said.
ACCA said the plans offered ‘enhanced accountability’, with a democratically elected 30-member council. Qualifications and training in the proposed organisation would be standardised, benefiting the 200,000 students in the combined institutes.
If ACCA?s 10-week campaign succeeds, the proposal will go to institute agms next year. Pending approval from the the Privy Council, the earliest completion date would be in 2000.
For full details and responses from the profession, see Accountancy Age or visit this site on 16 July. Institute members can receive further information from the Merger Web site
The numbers you crunch tell a story. Your expertis...
26yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleIn the midst of political flux, potential UK entrepreneurs are hesitating to launch new businesses, primarily due to the uncertainty brought about by ...
View article61% say providing financial support for their family is of importance to them, with 77% currently doing so Read More...
View articleStartups face unique financial challenges, such as cash flow volatility and equity-based compensation complexities. Innovative strategies and technolo...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleIn 2019, the a survey conducted by the FRC highlighted that only 17% of women held partner-level positions Read More...
View articleDains believes a corporate structure is the best way to maximise the benefits of its growth strategy Read More...
View articleBoth employer and employee will benefit from flexibility and cost-saving Read More...
View articleThere are nine key areas that accounting practices must get to grips with as client expectations and technological developments rise, while team membe...
View article