NZICANew Zealand Institute of Chartered Accountants
NZICANew Zealand Indian Central Association (est. 1926; Wellington, New Zealand)
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Interviewee J stated that company law, contract law and taxation law were obviously important, adding that NZICA (now CA ANZ) requires them to be taught "for good reason".
NZICA chief executive officer Terry McLaughlin said that many of the larger accounting firms and corporates are increasingly viewing the trans-Tasman environment as one market.
The CAANZ board comprises the ICAA president, the NZICA chairman, board directors from each institute and their two chief executives.
Gemma Torr, a CIMA prizewinner originally from the UK and now working in Auckland, has benefited from the CPD opportunities available and is now involved with two of NZICA's special-interest groups.
She is a member of the CIMA Wellington branch committee and, following the 2006 CIMA-NZICA alliance, has written several articles for NZICA's Chartered Accountants Journal.
The majority (77 per cent) of the business professionals who responded to the survey were members of NZICA. Of the 28,000 members of NZICA, 33 per cent are women.
The 2005 survey of average salaries of members of NZICA identifies some interesting comparisons, for example, Chief Financial Officers/GM Finance overseas earn on average the New Zealand equivalent of $347,983 compared to $198,554 in New Zealand; Systems Accounting Managers earn $190,089 compared to $108,658; and Internal Audit Managers earn $236,189 compared to $136,081.
In fact, the 142 pages of recommendations might make the financial statements, including note disclosures, more understandable and readable, according to the NZICA's paper Losing the excess baggage (available at disclosures.aspx).
"This new strategic alliance builds on the close relationship we have developed with the New Zealand institute, and we are excited by the opportunity to combine CIMA's expertise in the qualification and support of business accountants with NZICA's pre-eminent position in New Zealand to develop a qualification tailored to the needs of accountants in business," said John Coghlan, CIMA's president.
For the purposes of this study, compulsory business law courses were defined as both those papers that must be completed in order to graduate with a major in accounting as well as those identified by the New Zealand Institute of Chartered Accountants (NZICA) as necessary for the purposes of sitting the NZICA Chartered Accountancy examinations.
In 2010, NZICA began collaborations with the Institute of Chartered Accountants Australia (ICAA) with the aim to "strengthen the leadership of the chartered accountancy profession into the future and provide greater value to members on both sides of the Tasman" (NZICA, 2010, n.p.).