Now we know why CIMA have not been answering my enquiries about the delay in their council's vote on the proposed merger.
They have pulled out.
Accountancy Age reports that ICAEW and CIPFA may merge by themselves, leaving CIMA to join at a later date.
The ICAEW and CIPFA still seem happy to fudge this ill conceived proposal, by now trying to push forward with a two tier merge.
Frankly this is now verging on the farcical.
Let us be done with this nonsense, and just go ahead with a one tier merger; ie don't merge!
The pull out of CIMA was obvious in December, when they voted against the proposal.
Yet the ICAEW chose to hold their own vote, after CIMA's rejection, and press on regardless.
My questions to the ICAEW are as follows:
1 Why did you hold a vote in December, when you knew that CIMA had rejected the proposal?
2 How much of our money have you spent, to date, on trying to persuade us to support this unwanted and unloved proposal?
3 Why are you trying to continue to push this unwanted proposal forward, when it is obvious that it is holed below the water line?
4 Who will be resigning in the ICAEW over this shambles?