UK accountancy institutes to be unified by 2016 says Grant Thornton boss

News Article - 14 September 2006
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The UK accountancy profession will be unified under one consolidated institute within the next ten years, the UK managing partner of Grant Thornton has predicted.

Mr Michael Cleary, speaking at the Institute of Financial Accountants 90th birthday conference, said that the many UK accounting bodies would come together by 2016.

"It's a nonsense we have so many accounting bodies to represent the UK," Mr Cleary told the conference, reports Accountancy Magazine.

"The jealousies between the bodies need to be removed so we have a coherent voice representing the UK profession."

The current ghettoes of each professional speciality would become "proud chapters representing the founding bodies of the profession", he claimed.

Mr Cleary's theme of consolidation and codification was echoed by many at the conference, which was also addressed by the head of the Institute of Chartered Accountants of England and Wales, Eric Anstee.

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