Chartered Accountants & CPA Merger

cork said:
Just a point of correction, membership if the ACA is not equivalent to a masters degree. Membership of ACA, CPA or ACCA are degree level qualifications

If you phone your accountancy institute or QQI - they will clarify that for you.

"Professional qualification of the Association of Chartered Certified Accountants Ireland - QSearch" https://qsearch.qqi.ie/WebPart/RecognitionDetails?recognitionCode=533

Nobody is suggesting changes in the regulation of the profession.

Backwards thinking achieves little. Becoming the largest professional body on the island should indeed bring benefits

I have no doubt synergies can be achieved. Then again, I live for the present and future and not in the past
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QQI shows ACA as level 9, equivalent to a masters. https://qsearch.qqi.ie/WebPart/RecognitionDetails?recognitionCode=532

Chartered Accountants Ireland are already the largest accountancy body on the island.

From what has been proposed, the synergies would seem to be to the benefit of CPA. As we all remember from our studies, 90% of mergers fail to achieve the synergies needed.
 
Fortune said:
From what has been proposed, the synergies would seem to be to the benefit of CPA. As we all remember from our studies, 90% of mergers fail to achieve the synergies needed.
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I don't buy into negativity or backward thinking. A merger would be of benefit the profession as a whole, students and clients

I am not surprised that both institutes are backing the proposal. I was impressed to see the videos over the last number of weeks of people who have advanced the profession over decades endorsing a YES vote.

By creating the largest professional body on the island - synergies will indeed come

Duplication can easily be cut together with the effort competing for students going around to the colleges
 
cork said:
I don't buy into negativity or backward thinking. A merger would be of benefit the profession as a whole, students and clients

I am not surprised that both institutes are backing the proposal. I was impressed to see the videos over the last number of weeks of people who have advanced the profession over decades endorsing a YES vote.

By creating the largest professional body on the island - synergies will indeed come

Duplication can easily be cut together with the effort competing for students going around to the colleges
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If you're calling that 90% of mergers stat negative thinking, you should know it's mentioned quite a few times in Chartered Accountants Ireland textbooks and lectures.

How do you believe the merger would benefit the profession outside of ACA and CPA? What would the benefit be to clients? Lower prices?

Chartered Accountants Ireland is already the largest accounting body. Assuming they weren't, what benefits would accrue through becoming the largest?

CPA accepts students with a leaving cert, whereas ACA looks for a degree or a training contract with an accounting firm. They aren't currently competing for the same students. Unless the route for leaving cert holders to join is done way with, there was t be a reduction in recruitment effort.
 
Of course - they are competing for the same students together with ACCA and CIMA A comprehensive answer to this was given by the institute.

Creating a better resourced and stronger organisation will bring benefits.

Going forward - much effort will have to be made by the institute in Sustainability, data analysis and using ai . This might be news to some that may remember the abbacus
 
I think CPA Ireland might be level 8 but I’m not certain. And I can’t find it on any of the registers. I imagine it must be the same as chartered as otherwise how could they just admit everyone from cpa as members?
 
Only for audit? Really? I though IAASA supervised exam standards too? And aren’t they both authorised to work in the uk too (ie NI) so thee must be a Uk regulator looking at them too. Or is that delegated to IAASA?
 
It has a wider role than that.
IAASA is responsible for the oversight of statutory auditors in Ireland, including oversight of the manner in which the three Recognised Accountancy Bodies (‘RABs’) perform certain functions in respect of statutory auditors. These are approval and registration, continuing education, quality assurance systems and investigative and disciplinary systems
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That makes sense.

If IAASA sees them as equal then there probably isn’t a difference these days. Maybe pre IAASA there was.

I guess the members will decide next week.

Is there a competition issue? Reducing choices for students? For buyers of their services? Dunno, we only have one body for solicitors and no one sees it as a competition issue so it’s probably not a big deal.
 
I think in the post-IAASA supervision era - they have more in common than what divides them.
 
There’s so much spoof being spread by the powers that be. Vested interests ahoy.

This is analagous to the Institute of Obstetricians being asked to merge with the Backstreet Abortionists of Detroit.

The Institute DOESN’T RECOGNISE CPA QUALIFICATIONS IN TERMS OF EXEMPTIONS TO ITS OWN COURSES.

That tells you everything. CPAs are Chartered Accountants in the way that Bertie was a Chartered Accountant…i.e. not at all.
 
Gordon Gekko said:
This is analagous to the Institute of Obstetricians being asked to merge with the Backstreet Abortionists of Detroit.
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I attended a town hall meetup & discussed the proposal with members afterwards.
A merger is the best option for the institute in the future,
A merger will benefit members, clients and students.

Are backstreet Abortionists of Detroit and Bertie your best NO argument?
What relevance are exemptions to Financial Accountants?
You are out of step with the position adopted by the ACA & CPA.
They did a complete proposal analysis and are not dependent on rhetoric.
 
People are free to value their qualification it’s not about living in the past it’s about protecting the brand.

AI had no relevance either.
 
DublinDon said:
People are free to value their qualification it’s not about living in the past it’s about protecting the brand.

AI had no relevance either.
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Who does not value "the brand"?

It was raised and answered to my satisfaction at the town hall event that I attended.

Some may indeed may have completed examinations more recently than others.

Some may be nearer retirement than others

Some may be more interested in looking at the future of the profession than others.

To their credit, the institute have gave detailed answers to questions raised without any mention of Bertie or Backstreet Abortionists of Detroit.

This proposal has been largely positively analysed and debated. It is great seeing member engagement. Full credit to both the ACA and CPA
 
cork said:
I attended a town hall meetup & discussed the proposal with members afterwards.
A merger is the best option for the institute in the future,
A merger will benefit members, clients and students.

Are backstreet Abortionists of Detroit and Bertie your best NO argument?
What relevance are exemptions to Financial Accountants?
You are out of step with the position adopted by the ACA & CPA.
They did a complete proposal analysis and are not dependent on rhetoric.
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The CAs are desperate to protect their overpaid direct employees and to cover up the €58m they spent on their HQ.

They’re trying to sneak CPAs in the back door, also known as ‘Car Park Attendants’, a cohort so wonderful and magnificent that their qualifications aren’t recognised at all by CAI.
 
The merger process is nothing but transparent. The CPA qualification like CIMA , ACA and ACCA are all recognised. The boards of both institutes deserve much credit.

If you are unhappy with the Institute- you indeed have the option to opt out

IAASA supervises the profession in this country. They may not have been around when you passed your exams

I would encourage you to contact the IAASA/ACA to provide clarity to you with regards accountancy standards and supervision.
 
cork said:
Of course - they are competing for the same students together with ACCA and CIMA A comprehensive answer to this was given by the institute.

Creating a better resourced and stronger organisation will bring benefits.

Going forward - much effort will have to be made by the institute in Sustainability, data analysis and using ai . This might be news to some that may remember the abbacus
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Are you a CPA per chance ?

If you think ACA and CPA are ‘competing’ for the same students you are living in cloud cuckoo land.
 
Blackrock1 said:
Are you a CPA per chance ?

If you think ACA and CPA are ‘competing’ for the same students you are living in cloud cuckoo land.
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Holding events in same colleges may be a hint.

All accountancy bodies hold information sessions in colleges.

All of this was clarified at the town hall meeting that I attended

All accountancy institutes have made qualification more flexible.
The institute covered all this.
 
In fairness, the whole merger process has been transparent with the institute providing information through all social media channels. They held online and in person meetings . I found that they answered all questions that were put to them comprehensively.

They put up a range of videos online and put alot of information on the website

I was very impressed with the level of engagement. Going forward, this engagement needs to continue. I would encourage all to watch the videos and visit the institutes website. The views of past Presidents deserve consideration.

Change is a certainty regardless of the result of the vote. I think the 2 institutes deserve much credit and individuals who got involved in the process
 
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