- Title
- Australia's divided accounting profession : the 1969 merger attempt and its legacy
- Creator
- Sidhu, Jasvinder; Carnegie, Garry; West, Brian
- Date
- 2021
- Type
- Text; Journal article
- Identifier
- http://researchonline.federation.edu.au/vital/access/HandleResolver/1959.17/176407
- Identifier
- vital:15128
- Identifier
-
https://doi.org/10.1016/j.bar.2021.100975
- Identifier
- ISBN:0890-8389 (ISSN)
- Abstract
- The Australian accounting environment is dominated by two competing brands – Chartered Accountant (CA) and Certified Practising Accountant (CPA) – which signal that the profession has been unable to achieve full unification. Focussed on 1969, this dual theory-informed, in-depth study examines the first of four unsuccessful attempts to merge the two professional accounting associations from which the two brands originate: The Australian Society of Accountants (the Society) and The Institute of Chartered Accountants in Australia (the Institute). Primary data from public archives and oral history interviews, combined with secondary sources, are drawn upon to explain the failure of this proposed merger and to consider its legacy. The complementary theoretical perspectives of “boundary-work” and “institutional work” are applied. Amidst other challenges, corporate collapses during the 1960s precipitated a legitimacy crisis for the profession and raised the prospect of there being sufficient commonality of purpose to enable a merger. While there was overwhelming support from Society members, the merger proposal was defeated by a comprehensive “no” vote from Institute members. This pattern of voting was repeated in three subsequent merger attempts, leading to the persistence of the curious binary structure of the Australian accounting profession and associated ongoing differences and tensions. © 2021 British Accounting Association
- Publisher
- Academic Press
- Relation
- British Accounting Review Vol. 53, no. 3 (2021), p.
- Rights
- All metadata describing materials held in, or linked to, the repository is freely available under a CC0 licence
- Rights
- Copyright © 2021 British Accounting Association. Published by Elsevier Ltd. All rights reserved
- Subject
- 1501 Accounting, Auditing and Accountability; Australian accounting profession; Australian Society of Accountants; Boundary-work; Institute of Chartered Accountants in Australia; Institutional work; Professional association mergers
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