News on the next phase of the ICAEW and CIPFA merger should now be only a matter of weeks away.
CIPFA announced the postponement of a vote of its membership in May, as completing the due diligence and obtaining the necessary approval was ‘taking longer than originally anticipated’.
CIPFA said at the time that the vote would not take place ‘until September at the earliest’, and we are there now!
Under the agreement (if approved) CIPFA would formally join the ICAEW group, but retain its distinct brand, legal identity, charitable status and operational independence.
When the heads of terms agreement were signed, CIPFA CEO Owen Mapley said: “We have made real strides in working more closely over the last two years, driven by shared values and a common purpose. We believe this closer alignment will strengthen our collective voice, improve member services and enhance our resilience and relevance in the UK and internationally.”
Picture: ICAEW CEO Alan Vallance and CIPFA CEO Owen Mapley sign the heads of agreement that began the merger process
