Trans-Tasman merger: a sign of the times

6th August 2014

MGI World Trans-Tasman merger: a sign of the times

The merger between Australia and New Zealand’s accountancy bodies will raise both nations’ profiles on the world stage. So hopes Lee White, chief executive of the Institute of Chartered Accountants Australia (ICAA), who is confident that there is a bright future for merged bodies.

Speaking to The Accountant, he explained how the impact will be felt far more widely than just Australia and New Zealand. Indeed the amalgamation of the two organisations will drive innovation across the whole accountancy sector, he told the publication.

For White, mergers such as this one, which comes as Canada’s various bodies combine, benefit the profession as a whole. “Through our new Trans-Tasman organisation, we fully intend to drive innovation in the accounting profession and make the Chartered Accounting profession more relevant and influential on the global stage,” he added.

NZICA Board chairman Graham Crombie FCA explained how the merger is about “strengthening the ongoing pre-eminence of the Chartered Accountant brand”, as well as giving members “a greater voice on the global stage”.

Indeed for White and the two merged accountancy bodies from New Zealand and Australia, the real focus is on building an international footprint for the profession in the key Asian market.

“The growth centre of the global economy lies in Asia which is why we will continue to focus on establishing meaningful partnerships in the region, particularly in the education sector,” he explained to The Accountant.

There is definitely demand for combining bodies to create a stronger presence for accountants. While the cross-border Trans-Tasman merger has a uniquely international flavour, professional bodies within single countries are also looking to join forces.

In June Canada’s various accounting bodies completed their final merger approvals to combine under the Chartered Professional Accountants (CPA) body in each territory and province. Some 40 professional bodies were merged, meaning all 185,000 of Canada’s Chartered Accountants (CAs), Certified Management Accountants (CMAs) and Certified General Accountants (CGAs) are united under the CPA banner.

Read more on Industry news and Australasia

MGI World Lead image of black and white map of middle east with Turkey and UAE overlay text

How are economies faring after a challenging year? Hear from our members in Turkey and UAE as they talk of the effects of government stimulus and regulatory changes

6th May 2021

In the latest edition of the International Accounting Bulletin (IAB), Veysel Ekmen and Özcan Aksu,...

MGI World Accru logo and Australasia map

Congratulations to our Accru members in Australia as they win across four categories at the 2021 Client Choice Awards!

27th April 2021

MGI Worldwide CPAAI is proud to announce that Accru member firms have been announced winners in...

MGI World Globe showing North Amera and Canada

Take a look at the post-pandemic economic landscape in North America in the latest edition of the IAB, with contributions from MGI Worldwide CPAAI members in Canada and US

26th April 2021

Frank Fazzari, Partner at MGI Worldwide CPAAI Canadian member firm Fazzari + Partners LLP, and Paul...