PracticeConsultingIrish Institute in merger talks

Irish Institute in merger talks

The Irish Institute of Chartered Accountants has confirmed it is in merger talks with the Institute of Certified Public Accountants in Ireland.

If the merger goes ahead the new organisation will have a combined membership of 14,500.

In a statement, ICAI president, David Simpson said: ‘We have had a number of exploratory discussions with the CPA to look at the merits of bringing the bodies closer together.

‘We are open to looking at ways in which we can improve the standing of the profession in an ever-changing business climate and improve the services which we provide to our members.’

The Institute set out the reasoning behind the proposed merger, highlighting possible economies of scale and that increasingly the two bodies ran joint training courses and co-operated in representing the views of the profession to the government.

However, convincing the membership of the Irish Institute might prove difficult, although officials have highlighted possible economies of scale. They also say the two bodies have run joint training courses and co-operated in representing the views of the profession to government.

Simpson plans to travel the country over the next few weeks to hear members’ views.

The merger talks come against the background of the Irish government’s review of auditing services and the proposed creation of a public oversight board to scrutinise regulatory issues in the profession.

Links

Irish finance minister under fire over tax plans

Irish accountants face world’s toughest regime

ICAI website

Institute of Certified Public Accountants in Ireland

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer