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August 31, 2010

NZICA and ICAA team up for joint designation

The Institute of Chartered Accountants in Australia (ICAA) and the New Zealand Institute of Chartered Accountants (NZICA) have teamed up to create a joint professional designation for accountants within the Asia-Pacific region.

As part of the alliance, the ICAA and the NZICA will focus on four key areas:

  • The Chartered Accountants Program;
  • Further development of member products and services;
  • Joint marketing activities; and,
  • Shared IT systems to provide new or enhanced online member services and benefits.

A governance board has been established to oversee the partnership. It consists of ICAA president Michael Spinks, ICAA chief executive Graham Meyer, NZICA chairman Graham Crombie, NZICA chief executive Terry McLaughlin and board members from each institute.

McLaughlin said the NZICA recognises it is in New Zealand’s best interests to be aligned with Australia.

“Our governments are presently working towards creating a single economic market, including regulatory harmonisation,” McLaughlin explained.

“The accounting standards boards have announced steps towards the convergence of accounting standards. All these initiatives aim to develop a low-cost, innovative and more seamless trans-Tasman operating environment for businesses, which we believe can extend through to our members.

 “Many of the larger accounting firms and corporates are also increasingly viewing the trans-Tasman environment as one market.”

 

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