Members of CPA Ireland and Chartered Accountants Ireland have voted to merge the two institutes.
The two Irish-based accountancy bodies will now work to implement the decision of their members, which will see the creation of a single institute operating under the Chartered Accountants Ireland brand.
Over 10,000 CAI members voted, with 53.5% voting in favour of the merger. Members of CPA Ireland also approved the amalgamation proposal at an Extraordinary General Meeting.
In a joint statement, Sinead Donovan, President, Chartered Accountants Ireland and Mark Gargan, President of CPA Ireland (pictured together) said they were pleased that members had seen the benefits of the proposal.
Donovan said: “This is a vote of confidence in the future. Thanks to every member who engaged with us along the way and who turned out to vote in such numbers. Our work continues now to secure the legal and regulatory consents needed to deliver on this mandate for a stronger profession.”
Gargan said: “As one single Institute, we will be more strongly positioned to represent our members, to promote the profession and to be a positive voice representing the public interest. The move towards consolidation of professional membership organisations is gaining momentum globally, and Ireland will be a model for other professional bodies in this regard.”
