Magazine article Public Finance

Accountancy Bodies Outline Merger Steps

Magazine article Public Finance

Accountancy Bodies Outline Merger Steps

Article excerpt

The three accountancy bodies involved in merger discussions have proposed a two-stage integration process following their council meetings in February.

CIPFA and the Institute of Chartered Accountants in England and Wales (ICAEW) are hoping to put forward a two-way merger proposal to members by the autumn. This is dependent on agreement being reached at their respective council meetings this month.

In tandem, CIPFA and the ICAEW will work closely with the Chartered Institute of Management Accountants (CIMA) with a view to a second-stage, three-way consolidation. If these negotiations are successful, proposals will be put to the memberships of all three bodies by 2006 at the latest.

CIMA president Roland Kaye emphasised that his council was 'keen for its distinctiveness to be reflected' in any combined institute. 'The two-stage process identified will create the space for us to get the terms of this critically important proposal absolutely right for all parties,' he added. …

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