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November 7, 2017updated 03 Jan 2021 5:38pm

CA ANZ reports drop in revenues but rise in membership

by Federica Tedeschi

The Chartered Accountants Australia and New Zealand institute (CA ANZ) has published its annual report 2017, highlighting revenues of $6.77m, down from $8.18m in the previous year, which the institute attributed to ongoing strategic investments in technology and member programmes. Further figures show a net full membership growth of 3.3%, as member subscription revenues continue to grow.

Aiming to return to surplus in FY18, the institute has spent the last twelve months focusing on investing in technology and education.

Having also invested in marketing initiatives to strengthen the value of the CA designation and uphold the importance of the profession, CA Australia and New Zealand has secured a strategic alliance with the Association of Chartered Certified Accountants (ACCA), which has not been budgeted for, yet.

Last summer the institute welcomed its new CEO Rick Ellis.

Plans for the future include a partnership with NSW Government and CPA Australia to sponsor and deliver the World Congress of Accountants, to be held in Sydney in November 2018. The international event is expected to contribute a significant economic boost to the state and offer members the opportunity to engage with global leaders in the business.

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