The recent news that the ICAEW merger proposal has been put on hold, pending further "discussions" with CIMA, should come as no surprise.
I refer to an article in Accountancy Age that appeared on the 23rd of September 2004.
In summary, the article noted that CIMA had thrown out the merger proposals in July. Consent was only given, at a special meeting held in September, to "consult" and negotiate further; ie they did not agree to proceed with a merger.
It seems that at the time, some CIMA council members were "furious" about the merger announcement in September.
Given the above, it is surely no surprise that CIMA have again rejected the idea of merging.
What is surprising, and very disappointing, is that the Council of the ICAEW have continued to waste time and members' money; on protracted discussions and expensive presentations in promoting an idea that is clearly not welcomed.
Would it not be better for the Council of the ICAEW to address the so called "demographic time bomb" directly, by identifying the causes of a falling membership; instead of sweeping them under the carpet by way of a merger?
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