ICAEW AND CIPFA - EXPLORING POTENTIAL FOR CLOSER WORKING

ICAEW and CIPFA

Michael Izza, the CEO of the ICAEW had some interesting news for us last week.

“The President and I briefed our Council that talks are under way between ICAEW and the Chartered Institute of Public Finance and Accountancy (CIPFA) to explore closer working between the two bodies. By a large majority Council agreed that this potential relationship with CIPFA could support and accelerate our Strategy, and that detailed discussions should now take place with a view to bringing forward formal proposals early next year. The vision driving the discussions would see ICAEW and CIPFA sharing a common strategy, under which CIPFA would continue to have a differentiated market presence, a distinctive membership and dedicated specialist staff. The aim would be to combine the strengths and resources of ICAEW and CIPFA in a way which better equips them to serve the public interest across all areas of economic activity, including the enterprise, public and third sectors.

Any outcome to these discussions will be subject to approval within the Institutes, as appropriate and necessary under their respective governance requirements, and by key external stakeholders such as the UK Government, the Privy Council and regulators.

I will of course keep ICAEW members updated on the discussions with CIPFA as they progress.

In the meantime, let me take this opportunity to send you season's greetings and wish you a happy New Year.”

The vision driving the discussions would see ICAEW and CIPFA sharing a common strategy, under which CIPFA would continue to have a differentiated market presence, a distinctive membership and dedicated specialist staff. "

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