RegulationAccounting Standards‘Absolutely no merger’ says Tilley

'Absolutely no merger' says Tilley

Further merger plans are off the agenda at CIMA

CIMA boss Charles Tilley has flatly rejected the idea of a merger with
another accounting institute.

Speaking on
Accountancy
Age TV
, the
CIMA
chief exec shot down any notion that management accountants were even
considering such a move.

‘That is absolutely a no,’ said Tilley. ‘There is no merger on the horizon.’

Several attempts by the institutes to combine have been derailed in the recent
past, and CIMA’s chief exec said that the institute would be continuing as a
standalone organisation.

The last merger attempt in 2005 between CIPFA, CIMA and the ICAEW went ahead
without CIMA, which pulled out half-way through. The ICAEW and CIPFA soldiered
on, but a formal partnership fell by the wayside after ICAEW members narrowly
rejected the move by just a few hundred votes.

Since the merger failure, there has been more bad blood between the
institutes after the ICAEW launched the Pathways scheme, which sought to lure
senior CIMA and ACCA members through its doors.

Related Articles

Demystifying GDPR for accountants

Accounting Standards Demystifying GDPR for accountants

1w Ellen Temperton, Lewis Silkin
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
The great professional services shake-up

Accounting Standards The great professional services shake-up

3m Fergus Payne, Lewis Silkin
What do clients actually want from an accountant?

Accounting Standards What do clients actually want from an accountant?

4m Emma Smith, Managing Editor
Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

Accounting Standards Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

4m Alison Conley
Membership of the accountancy profession on the rise

Accounting Standards Membership of the accountancy profession on the rise

5m Alia Shoaib, Reporter
The real price of mates' rates in the provision of professional services

Accounting Standards The real price of mates' rates in the provision of professional services

5m DAC Beachcroft
IASB overhauls insurance accounting with issuance of IFRS 17

Accounting Standards IASB overhauls insurance accounting with issuance of IFRS 17

7m Alia Shoaib, Reporter