RegulationAccounting StandardsEx-ICAEW presidents in eleventh-hour plea

Ex-ICAEW presidents in eleventh-hour plea

Former ICAEW presidents have called for members to vote in favour of merger plans, with online voting open until Sunday morning

Former ICAEW presidents have pledged their support for CIPFA merger plans,
with just days left until the polling results are known.

Former presidents Paul Druckman, David Illingworth, Peter Wyman, Michael
Groom and Graham Ward issued a joint statement urging members to vote in favour
of the merger.

The statement said that, during their time in office, they had ‘seen at close
hand how accountancy has become a global profession, with global standards and
global issues’, and had witnessed the convergence in practices and personnel of
the public and private sectors.

They argued that, for these reasons, merger with CIPFA represented a
‘once-in-a-generation opportunity to knit together the profession across the
full breadth of the economy’.

‘We are convinced that the intellectual and commercial clout of a new
super-institute will increase the profession’s influence with government and
standard-setters nationally and internationally, while members will also benefit
from better support, whatever their specialism,’ the statement said.

But Accountancy Age’s exclusive online poll of more than 200
accountants this week found that just 46% were in favour of the merger plans,
compared with 42% against.

Both institutes require two-thirds majorities of voters to back the merger
plans for it to go ahead.

ICAEW members can still vote online regarding the merger via the ICAEW’s
website until 11am this Sunday at
www.icaew.co.uk/cipfavote

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