The boards of the ICAA and the New Zealand Institute of Chartered Accountants (NZICA) have unanimously agreed to proceed with a full member vote on the move. This follows three months of consultation with members of both bodies, the ICAA said in a statement.
Members will have one month to vote on the proposal, with the vote to be held from 1 October to 1 November. The result will be announced later in November, the ICAA stated.
NZICA board chair Graham Crombie said the feedback from NZICA members “indicated widespread support for going to vote on the proposal to form a new institute”.
“As a result, and following further work, we are unanimous in our decision to put it to a member vote,” he added.
“It is an exciting and historic vote that potentially consolidates our successful trans-Tasman collaboration into one stronger body with the capacity to deliver more to members, the businesses they serve and our economies as a whole.”
ICAA president Tim Gullifer said the timing is right to form a new institute.
“In a global environment, we need to stay ahead and the one new institute would give us the scale and strength we need; a larger more sustainable body with increased policy formulation and advocacy capability as well as greater global influence,” Mr Gullifer said.
The bodies expected the implementation process to begin early next year if the vote supports the move.
