The results are in and the AICPA ballot passed 86.5 percent to 13.5 percent, according to independent tabulator Survey and Ballot Systems. CIMA members also endorsed the proposal 89.7 percent to 10.3 percent, according to their independent tabulator Electoral Reform Services.
As a result of that overwhelming support by both organizations, we will join forces to create a new association focused on strengthening the entire accounting profession — both public and management accounting — through stronger advocacy, enhanced member resources and a broader platform to reach the next generation. The AICPA and CIMA membership bodies will continue in place and provide all existing benefits. You, our members, will remain at the core of everything we do. And the AICPA will continue its strong commitment to promoting, protecting and growing the CPA.
The new association will represent more than 600,000 current and future accounting professionals and will raise the profile of the CPA and CGMA designations in the U.S. and abroad. We will bring you advanced resources and market insights and have a stronger voice to protect the public interest. You will get these benefits and automatic dual membership in the AICPA and new association as part of your regular AICPA dues, which will continue to be set and adjusted in line with historic norms.
Today marks the start of a journey as we begin working to integrate operations and deliver additional value to you. The new association will launch in 2017, and over the coming months we will share more details.