30-09-2024
Leading chartered accountancy bodies CIPFA and ICAEW are marking one year of achievements since a joint declaration to form an ever-closer strategic partnership was signed.
In September 2023, both Institutes signed the declaration to deliver better outcomes for both CIPFA and ICAEW, their members and students and the global accountancy profession as a whole.
Since then, the two bodies have made significant progress across a number of areas to benefit members of both Institutes.
Over the last year, the Institutes launched fast-track routes to dual membership for CIPFA and ICAEW members, to make it easier for Chartered Accountants to work across both the public and private sectors. CIPFA Chief Executive Owen Mapley and ICAEW Chief Executive Alan Vallance have both become dual members, demonstrating their commitment to the partnership.
In February, ICAEW’s Professional Standards Department took over the management of CIPFA’s disciplinary scheme, including the assessment, investigation and prosecution of complaints and reports back to CIPFA committees.
CIPFA members and staff have been able to use facilities at Chartered Accountants’ Hall (CAH), including the business centre, library and club, since 2023, while in June, CIPFA moved their London-based staff into offices at CAH.
Looking ahead, CIPFA and ICAEW will continue to build on their partnership and further details will be announced in due course.
Owen Mapley, Chief Executive, CIPFA, said:
“This year has seen significant progress in developing the strategic relationship between our two Institutes, and I am already seeing the benefits for both the public and private sector. I am proud to have become one of the first dual members of both Institutes under these arrangements and I encourage members to consider the benefits of doing the same.
“CIPFA’s co-location with ICAEW colleagues has already increased the collaboration, innovation and relationships between many of our teams and we are building on this to improve our offer for all members and the communities we serve.
“I look forward to the future as we continue to create new opportunities to strengthen our mutual voice and influence as leading chartered accountancy institutes in both public and private sectors.”
Alan Vallance, Chief Executive, ICAEW, said:
“In the year since CIPFA and ICAEW signed our joint declaration in September 2023 it’s clear to see how we are working together more closely than ever before, delivering benefits for the members of both Institutes.
“We were pleased to welcome CIPFA colleagues to Chartered Accountants’ Hall, and I’m very proud to have become a dual member to underscore our strategic alignment.
“I hope other ICAEW members will be inspired to become CIPFA members and further demonstrate the benefits of Chartered Accountancy to both the public and private sectors.”
CIPFA and ICAEW members who want to apply for dual membership can find out more at CPFA and ACA accelerated route (cipfa.org), or https://www.icaew.com/membership/becoming-a-member/members-of-other-bodies/members-of-other-bodies-a-z/cipfa-newly-qualified-members, or by emailing hello@cipfa.org.