The accountancy institutes sector was already a cartel long before this. Firms are effectively prisoners of whichever institute of they are a member. Moving between institutes is variously either prohibited or fiendishly complicated.Is this not anticompetitive? Does it need competition authority approval?
Some would have been, but other will not yet have been.Members already voted to merge.
I wold be surprised if these once off costs arent already incurred.
Do you have some skin in the game?
I don’t think it’s anti competitive. Merging one small body into the largest one isn’t really affecting the market much.
Members of both institutes voted to merge. We already voted for one Irish accountancy institute.Why is becoming bigger better? The Institute didn’t rate or recognise the CPA qualification academically. Now they’re giving these people parity. It’s ridiculous.
Realistically they won't fail unless they make a thorough mess of them. I'd imagine that by now at least the outlines of the bye law and constitutional changes have been agreed internally within both organisations.
But if they do make a mess of all that, it should be a relatively simple process to simply correct what's at fault and schedule another meeting to ratify those changes.
A majority of those who voted, not a majority.Members of both institutes voted to merge. We already voted for one Irish accountancy institute.
The biggest professional association on the island will have greater clout and one institute will be stronger financially. The vote to merge has already been endorsed by members.
Pooling resources makes financial sense and it will give the organisation greater clout.Anyway as someone said it’s been voted on and passed. Be interesting to see how the balance sheet stacks up end of 2024
The CPA qualification is so highly regarded by the Institute that it isn’t recognised academically in terms of credits or exemptions versus something like ACCA which is. The Institute needed a financial bailout and has chosen to go down the road of allowing people with certified accounting/accounting technician type qualifications in the back door.I think the qualifications are pretty similar now, maybe not « back in the day ». But the syllabus and exams seem to be pretty much the same now. And the older members who might not have made the grade for entry 30 years ago will be heading for retirement in a few years anyway so I don’t think that’s a big deal in the overall scheme of things.
I’m just seeing a very expensive campaign and a spot of disinformation, eg using CPA designation in USA, as an irritant more than anything else. And not much information about how savings are actually going to be made. I do believe that someone has done the maths but why not share this?
In terms of efficiency for the profession in the country closing unprofitable ´branches’ makes sense.
While you are indeed entitled to your tuppence worth - the boards and membership of the CAI and CPA differ from it.The CPA qualification is so highly regarded by the Institute
I would invite you to peruse the exemptions page on the CAI website, where no mention of exemptions for CPA exams is made.While you are indeed entitled to your tuppence worth - the boards and membership of the CAI and CPA differ from it.
Can I refer you to the IASSA and CAI websites that you may find enlightenment?
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