Finance: No to merger, but the work goes on

The charities group of the Institute of Chartered Accountants of England and Wales will continue to work closely with a similar group at the Chartered Institute of Public Finance and Accountancy, despite last week's unexpected rejection of merger of the two bodies by ICAEW's membership.

Peter Gotham, chair of ICAEW's Charity and Voluntary Sector group, said he was "surprised and disappointed" by the 'no' vote but vowed to broaden the organisation's co-operation with charity specialists in Cipfa.

"I think my committee will be similarly open-minded to any initiative that helps provide resources for volunteer and specialist accountants serving the sector," he said.

The ICAEW poll fell 540 votes short of the two-thirds majority required to approve a merger, despite a £1.4m campaign.

KEY POINTS

- Charities groups in ICAEW and Cipfa to collaborate more despite 'no' vote to merger

- ICAEW members rejected merger with Cipfa last week, though Cipfa members backed the change

- ICAEW vote was 540 short of two-thirds majority needed to approve merger, despite costly campaign.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert Hub

Insurance advice from Markel

Digital fundraising tips and tricks

Digital fundraising tips and tricks

Partner Content: Presented By Markel

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now