Chartered Accountants & CPA Merger

If the profile below is true. I do not see any kind of competition from cpa. Elimination the competition might not be a bad idea.

For those 35+, the aca is not going to make much of a difference. For under 35, only 225 will compete against aca.

I like the idea of taking over cpa and also getting all their assets to pay for the aca past extravagant spending. Selling their building would likely fetch over 12 to 15 million. (Guessing) that would pay off a large chunk of aca mortgage. (Business sense)

If I am a cpa, I would vote no. We got everything a aca can do. If I am a aca, I would vote yes and the reason is the assets of cpa would pay off aca mortgage as mentioned earlier.

There is nothing much either body can offer to each other.
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copied info from linkedin

In response to a query the IAASA profile of the accountancy profession 2022 shows for CPA Ireland members

Under 34 225 5.5%
35-44 1223 30.4%
45-54 1380 34.2%
55-64 845 20.9%
65+ 345 8.6%

So only 225 under 34 may be competing against recently qualified ACA
 
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cork said:
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.
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The cpa can hold information sessions in UCD or trinity or similar all they want that doesn’t mean they are competing for the same students.

I’ll ask again , are you a CPA?
 
cork said:
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.
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With respect I disagree with the transparency, for an organisation built on the study of balance sheets they haven’t explained theirs at all.
 
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Icai pays huge salaries and paid a huge amount for their premises. In turn, the icai offers little of value to their members imho. The icai threatens to take away your hard earned qualification if you dont pay their annual fee of circa E550.

Now they want to merge with cpa to help safeguard future revenue. Icai is a business, a badly run, overweight, business.
 
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Blackrock1 said:
correct me if i am wrong but the CPA designation here is not equivalent to the CPA designation in the US, basically the letters are the same so you can pretend is that what they are suggesting?
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I know I'm late to the discussion and I haven't contributed here before but CPA Ireland has full mutual recognition with CPA USA (AICPA). They're actually one of only 8 accountancy bodies globally to have recognition with AICPA which includes CAI but for example ACCA doesn't have mutual recognition with AICPA.
 
Going forward both organisations will need to up skill members in data analysis and sustainability. No netter what the result of the merger proposal - change is inevitable

I have confidence that the profession will adopt. Some of the comments on this thread remind me of the final scenes of "the field" with Richard Harris. The profession has little choice but to adapt.

The boards of both institutes have put their case well to members. They are forward thinking and deserve credit

Again, I would encourage you all (if you haven't done already) to take a look at the websites and social media channels of both institutes.
 
I have read nothing in this thread to persuade me that the merger is for anything other than to preserve future revenue and fat cat salaries. Its inconsequential to me as an FCA, the annual ransom isnt even being lowered. What advantage does it confer on me? I have voted no.
 
cork said:
Going forward both organisations will need to up skill members in data analysis and sustainability. No netter what the result of the merger proposal - change is inevitable

I have confidence that the profession will adopt. Some of the comments on this thread remind me of the final scenes of "the field" with Richard Harris. The profession has little choice but to adapt.

The boards of both institutes have put their case well to members. They are forward thinking and deserve credit

Again, I would encourage you all (if you haven't done already) to take a look at the websites and social media channels of both institutes.
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Lot of buzz words there and empty rhetoric I’m not sure what any of it has to do with the proposed merger or how the merger addresses your concerns.

Anyone adding expertise in data analysis or esg isn’t reliant on the institute to up skill them.
 
I started with the same question -what advantage does it confer on me?

I think there is an opportunity to create a better and stronger institute. I am happy enough to support the board of the institute.

But it will be up to us all to hold the institute to account. I was impressed with the institutes engagement with members. I would like to see more of this - regardless of the event
 
cork said:
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.
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The CPA qualification is NOT recognised by the CAI for exam or exemptions or membership entry, and yet this merger is promoted by the CAI as a great idea. It does not make sense.
 
Re the MRA I though that as a cpa you could call yourself that worldwide. Can you not do so in the USA? I thought that would makes it easier for members to get in the door worldwide.

Looking at it on the various links it seems nothing has changed, you still have to do exams and apply etc. I was under the impression it was going to be easier if the merger went ahead. Other than if you wanted to be a partner in a firm, that’s always a higher bar and rightly so.
 
cork said:
I started with the same question -what advantage does it confer on me?

I think there is an opportunity to create a better and stronger institute. I am happy enough to support the board of the institute.

But it will be up to us all to hold the institute to account. I was impressed with the institutes engagement with members. I would like to see more of this - regardless of the event
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I'd be more grateful if the CAI was engaging more with members on questions like why is the average salary there more than €100k, and why do they spend €15k A DAY on IT systems
 
andymc said:
I'd be more grateful if the CAI was engaging more with members on questions like why is the average salary there more than €100k, and why do they spend €15k A DAY on IT systems
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What's holding you back from raising these points at the AGM or joining a committee to address them directly?

The uproar over the Pearse Street expenditure is a grievance from nearly 20 years ago. It's perplexing to see that the loudest complaints come from commenters who appear to be either retired or semi retired but during the pivotal mid-2000s—when these decisions were made, when the site was bought and construction kicked off in 2008, you were the active members, the decision-makers. Why wait nearly two decades to express this selective outrage?

The replies on here and sudden indignation now, after all these years, exemplifies a quintessential 'Boomer mentality'— squander your inheritance, yet leaving a legacy of debt for future generations, all while basking in self-righteousness. It's a stark reminder of opportunities missed to safeguard values you now claim to hold dear. It's time to move beyond patting yourself on the back and face the responsibilities neglected. If you've no skin in the game then stand aside and allow future generations address the legacy of debt left behind and and forge a path forward, rather than dwell on bygone decisions.
 
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In fairness to the board - they comprehensively answered queries and concerns raised in this thread.
I would again refer people to the Institute's' social media channels and websites.
I put several additional questions myself after the meeting. I got satisfactory explanations.
The profession has to adapt & change.
The merger is an opportunity to create a stronger and better organisation.
No matter the result - the world will keep turning & change will happen.
Accountancy has come a long way & AI is already a game changer.
Veteran members must think of the future and younger members & not be narrow-minded.
I believe the current board of the institute deserve support.
Well done to past board members and educators who have contributed to the discussion.
I even have re-connected with some of them.
 
Gordon Gekko said:
It comes across as Pravda-esque and you come across an an Institute plant.
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I hope you don't mind - but I am going to ignore your comments. Pretty telling of where the no argument is.

If anyone is unclear with regards the merger proposal- there is comprehensive information on the institutes website and social media channels.

The board, past board members and educators all endorsed the proposal. People with an actual track record with regards the profession.

I hope veteran institute members will consider younger members with regards to this proposal

The profession is changing. We need to.afopt to the changes that are facing the profession. We have an opportunity to create a better and bigger institute.

I was in the accounts department last week of a major Irish company. It had a small number of staff. This was before any application of AI .

The world has changed but so too must the accountancy profession. We cannot stand still but we have the opportunity to merge with the only other professional accountancy institute.

Well done to the board proceeding with the proposal. They have shown leadership and vision. I am confident with regards the future of the profession.





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cork said:
I hope you don't mind - but I am going to ignore your comments. Pretty telling of where the no argument is.

If anyone is unclear with regards the merger proposal- there is comprehensive information on the institutes website and social media channels.

The board, past board members and educators all endorsed the proposal. People with an actual track record with regards the profession.

I hope veteran institute members will consider younger members with regards to this proposal

The profession is changing. We need to.afopt to the changes that are facing the profession. We have an opportunity to create a better and bigger institute.

I was in the accounts department last week of a major Irish company. It had a small number of staff. This was before any application of AI .

The world has changed but so too must the accountancy profession. We cannot stand still but we have the opportunity to merge with the only other professional accountancy institute.

Well done to the board proceeding with the proposal. They have shown leadership and vision. I am confident with regards the future of the profession.





.
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The above is either trolling or spoof.

The educators care so much about the CPA qualification and know so much about it that heretofore they’ve given it zero status or recognition in terms of someone looking to become an ACA/FCA!

This is all a ruse to pay for the €58m white elephant that is Chartered Accountants House and to continue to overpay CAI employees to the tune of €100k per annum on average.

Allowing an inferior qualification in the back door to pay the bills isn’t the answer. Worst case scenario, collaborate with the CPAs but don’t give them equivalence or the right to call themselves ACAs/FCAs. They haven’t earned it!
 
Gordon Gekko said:
The above is either trolling or spoof.

The educators care so much about the CPA qualification and know so much about it that heretofore they’ve given it zero status or recognition in terms of someone looking to become an ACA/FCA!

This is all a ruse to pay for the €58m white elephant that is Chartered Accountants House and to continue to overpay CAI employees to the tune of €100k per annum on average.
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Pooling resources will be of benefit to the institute.

I would again refer you to the website and social media channels of the institute where people with a track record of professional accountancy education have endorsed the merger proposal.

I would also encourage any member with any questions to attend the scheduled meeting.
 
cork said:
There will be a 2nd round of voting .
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There is no second round of voting.

If the proposal is approved tomorrow there will be at a later stage, a meeting of each institute to ratify bye-laws and constitutional changes respectively.

It is envisaged that Chartered Accountants Ireland and CPA Ireland will hold further meetings of their members later in the year. This will allow the members of Chartered Accountants Ireland to approve necessary bye-laws and members of CPA Ireland to approve the legal steps for effecting the amalgamation and certain changes to the constitution of CPA Ireland to facilitate the amalgamation.
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Blackrock1 said:
I see they got a mra in 2022.
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We are not reinventing the wheel here. Accountancy institute mergers are not breaking any new ground. Mutual recognition agreements & pooling resources will indeed be a massive benefit.
 
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