FDs back super-body
Majority agrees ACCA's proposed merger with CIPFA and CIMA will help business, reports John Stokdyk.
Majority agrees ACCA's proposed merger with CIPFA and CIMA will help business, reports John Stokdyk.
Just over half of finance directors believe ACCA’s proposed super-body will better serve their needs.
The 51% backing – from FDs belonging to all the UK’s accountancy bodies – for the merger with CIMA and CIPFA, revealed in an exclusive Accountancy Age/Reed Accountancy Personnel The Big Question survey of 267 FDs, is far less than the 71% positive response claimed this week by ACCA. Just under a quarter (24%) of responses were neutral to the association’s bid to merge.
The most decisive responses came from CIPFA members, 58% of whom saw the benefits compared to 42% who did not. ACCA members were more ambivalent, with a 52% to 27% split, while the CIMA vote was 55% to 25%.
Members of the English and Scots ICAs were reasonably comfortable with the arrangement, with 46% for and 27% against. Steven Neville, FD of Milton Keynes-based office equipment company Olivetti Lexicon, said: ‘They have played around for long enough – this one is most likely to happen. It is bound to be a good thing for business.’
The arguments in favour of a unified voice for the profession and administrative economies that would free more funds for services to members convinced Martin Dalby, of Hampshire-based Peverel Management Services. ‘A merger of all accountancy bodies is long overdue,’ said Dalby.
Richard Sharp, finance manager for Kingston University and St George’s Hospital Medical School, said: ‘A unified voice of accountants in business would better tackle the domination of those in practice on professional matters.’
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