PracticeAccounting FirmsInstitutes deny roadshows are just ‘apple pie’

Institutes deny roadshows are just 'apple pie'

The cost of annual subscriptions looks set to become a major flashpoint when the ICAEW, CIMA and CIPFA meet to thrash out a blueprint for a new 'super-institute'.

Link: CIMA chiefs take merger message worldwide

CIMA members could lose out by £45 if divergent fees were redistributed evenly, while ICAEW members could pay £11 less, and CIPFA members could save £35 (based on 2005 levels).

The issue emerged as a bone of contention when CIMA’s council met last week to consider its requirements for a merger of the three bodies.

But despite the fears of some council members, a CIMA spokeswoman said fees were ‘some way from the top of the list’ of priorities.

The other institutes are understood to possess their own list of demands, but would only confirm subscription levels were ‘one of a number of issues’ being ‘closely’ examined.

The institutes were unwilling to comment on other details of the negotiating positions agreed by councils, which will be used by the leaderships to debate the details of any merger.

Councils will decide in December whether to put the merger blueprint that emerges from the talks to a membership ballot.

Meanwhile, the timetabling of the merger process has been questioned as roadshows are being held before the details of the plan are thrashed out.

One CIMA council member feared that members attending roadshows in such circumstances could only expect to receive an anodyne, ‘motherhood and apple pie’ picture.

The institutes reacted to the suggestion by distancing themselves from the original statement that the meetings were designed to ‘present the benefits’ of a merger.

CIPFA said the reason was to listen to members? views, CIMA to learn from members and the ICAEW emphasised the purpose was to publicise the results of its strategic review.

The ICAEW said the three bodies would undertake further meetings with members in the new year once a ‘detailed proposition’ was available.

Related Articles

LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

Accounting Firms LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

4h Fergus Payne, Lewis Silkin
BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

6d Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

1w Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

1w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

2w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

2w Emma Smith, Managing Editor
RSM announces two partner promotions

Accounting Firms RSM announces two partner promotions

3w Emma Smith, Managing Editor