IPA and IFA merge
Two international accounting groups have merged to form one of the world's largest small-to-medium sized accountancy body.
The Institute of Public Accountants (IPA) and the Institute of Financial Accountants (IFA) joined forces following extensive consultation with their members and will now service a collective database of more than 35,000.
"The IPA members will benefit from greater global reach and influence and an expanded membership pathway," IPA President and Chairman, Jason Parker, said.
"We are extremely excited that the IPA and IFA consolidation has culminated in such a managed and structured transition driving member value and achieving substantial efficiencies.
"The advancement of member recognition goes hand in hand with the development of professionalism. We see this amalgamation as a key platform to assist in the enhancement of the profession and therefore the public interest," he added.
AUTHOR
Staff Writer
Recommended for you
A Victorian accounting firm – in which Count holds a 40 per cent equity stake – has announced the acquisition of an accounting client book through a $1.4 million transaction.
Australian Ethical has reported its net profit after tax (NPAT) fell 15% to $9.6 million for the year ended 30 June, while its underlying profit after tax (UPAT) declined 7% compared with the year prior, to $10.3 million.
Insignia Financial has announced a 59% increase in its underlying net profit after tax (UNPAT) to $234.5 million in FY22.
Having completed their educational qualifications, those advisers who remain in the industry are reporting being “run off their feet” with new clients.
