A key goal of the merger ten years ago was the potential for cost savings and improved efficiencies for members. Credit: Andrey_Popov/Shutterstock.

Chartered Accountants Australia and New Zealand (CA ANZ) are set to celebrate a decade since the merger of the Institute of Chartered Accountants Australia and the New Zealand Institute of Chartered Accountants on 31 December 2024.

The two bodies merged on 31 December 2014 in a bid to create a “powerful brand and an efficient, cost-effective institute.”

Reflecting on the merger, the then president of the Institute of Chartered Accountants Australia Tim Gullifer said that members supported the union because they recognised the importance of establishing a stronger regional voice for the Chartered Accountant designation.

“We could see that combining the might of both institutions would create a stronger membership body that was better positioned to meet future global challenges and opportunities. We framed this around three vital pillars of pre-eminence, relevance and reach,” Gullifer added.

The accounting body also offers a CA programme.

This programme is said to have evolved over the past decade, with input from Chartered Accountants and specialists from both Australia and New Zealand.

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This collaboration has “enriched” education programmes, such as incorporating New Zealand’s early leadership in ESG reporting to assist Australia in addressing similar challenges.

In September 2024, CA ANZ addressed misunderstandings regarding the updated entry pathways to its CA Programme.  

CA ANZ chair John Palermo noted the foresight of members in uniting the two institutions.

“We’ve advocated strongly on the issues that matter to our members, including bold and visible action in key areas like tax, audit and assurance, and regulation,” Palermo added.

Palermo also emphasised CA ANZ’s global leadership through its active roles in the International Federation of Accountants and Chartered Accountants Worldwide.

A key goal of the merger ten years ago was the potential for cost savings and improved efficiencies for members, which has been actualised through a digital transformation that consolidated outdated systems into a unified and secure platform for member services, the accounting body noted.