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Consolidation decision deferred to enable fine-tuning.

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Vincent
PositionFirst In ... - Brief Article

Proposals to consolidate three of the UK's leading accounting bodies have been stalled as the result of a decision by CIMA's governing council. Overall proposals for the consolidation were reconfirmed by the councils of CIMA, the Chartered Institute of Public Finance and Accountancy (CIPFA) and the Institute of Chartered Accountants in England and Wales (ICAEW) at meetings held by all three institutes in December. But CIMA's council decided that the details of the plan needed more work before it could vote on whether or not to put it to the wider membership.

CIMA's president, Roland Kaye, explained that further discussions were required to ensure that the institute's identity was preserved. "A huge amount of effort has gone into defining the shape of the new institute," he told Financial Management. "Each organisation has distinct strengths and defined interests, so it's important to get the proposals...

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