Members will have the final say on merger

Members will have the final say on merger

A three-way merger between the ICAEW, CIPFA and CIMA will only go ahead if it is approved by the members of all the institutes.

Link: Online poll: Should the institutes merge?

While emphasising that talks were at an early stage, all of the parties agreed that any solid plan for a merger would have to be put to the members.

Harry McAdoo, head of public affairs for the ICAEW said: ‘It would come down to a member vote to get any proposal mandated, but it may not come to that.’The proposal was just ‘one route’ to achieving the goals of the strategic review, he added.

CIMA and CIPFA echoed the commitment, with CIPFA saying it hoped a vote could be held by June next year.

The assurances come as the first noises of protest emerged against the nascent plan, which would forge the UK’s largest accountancy body.

Dr Jeff Wooller, in a letter to Accountancy Age, said: ‘The ginger group formed at the time of the previous proposed merger with CIMA is on full alert to mobilise against any proposed merger.’ Meanwhile, ICAS raised the prospect that the project could spread north of the border when it refused to rule out joining the talks.

To have your say, go to accountancyage.com/vote and take part in our online poll, and stand the chance to win a magnum of champagne.

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