Accountancy bodies merger talks continue

6 Jan 05
Discussions are continuing over a possible merger of three of the six main accounting institutes, although one of the bodies has asked for more work to be undertaken on the proposals.

07 January 2005

Discussions are continuing over a possible merger of three of the six main accounting institutes, although one of the bodies has asked for more work to be undertaken on the proposals.

At their council meetings last month, the Chartered Institute of Management Accountants (CIMA), CIPFA and the Institute of Chartered Accountants in England and Wales (ICAEW) reaffirmed their support for a merger. But CIMA could not agree the detailed proposition that had been put forward.

CIMA president Roland Kaye said: 'It is important to get the proposals absolutely right. Our council concluded that the current proposals did not yet recognise the distinctiveness of CIMA.'

Talks will continue and a further detailed proposition will be reconsidered by all three councils.

If the councils vote in favour of this, there will be a ballot of members in the summer.

In a combined statement, CIPFA president Mike Barnes and ICAEW president Paul Druckman said: 'These are complex discussions and we are conscious of the past history, but we are continuing to work together to identify the best possible proposition for members.'

PFjan2005

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