Merger talks called off at Irish institutes
Plans for a merger between the Institute of Chartered Accountants in Ireland and the Institute of Certified Public Accountants have been dropped following 'soundings' from members.
In a statement, the presidents of the two institutes said the merger talks, first announced in September last year, would now focus on creating strategic alliances between the bodies.
Following research carried out with members of the ICAI, president David Simpson said putting the issue to a vote now would be ‘counter-productive’. He said: ‘We are aware of a reluctance felt by a significant number of members to seeing their qualification merged with another.’
Instead, a working party from the two institutes recommended that discussions should focus on aligning areas of mutual interest.
‘We have identified a number of issues where we can pool resources and energies,’ said CPA president Bernadette McGrory-Farrell.
Such areas included the regulation of the profession, post-qualification training and government representation.
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Institute of Chartered Accountants in Ireland