Chartered Accountants & CPA Merger

[T McGibney]

4. The CPA have 263 audit practice firms in Ireland with the CAI having 467 audit practice firms so there will be a lot of competition among small and medium sized practice firms for audits trading as Chartered Accountants audit practice firms. There are 1,947 CAI practice firms in Ireland and there are 613 CPA practice firms in Ireland which will lead be intense competition for clients as CPA firms can trade as Chartered Accountant firms if the merger proceeds.

I almost laughed out loud at these bits.

What planet are they on?

 

[Annieindublin]

Surely most clients don’t care which body their accountant pays fees to?

Outside of the big 4 situations of course (where they are all ACA) I’d say a lot of clients look at services and prices not CPA v ACCA v ACA.

But will members of CAI feel threatened by the new chartered firms, ie name changes?

 

[Annieindublin]

i guess there are going to some changes for staff in both institutions. But no redundancies I think they said in the tik toks etc