ICAS received support this week, from the Indian and Australian institutes, in its fight to preserve its name.
The institutes have backed ICAS's insistence that there is an "unbroken global convention that chartered institutes use their geographical designation".
ICAS has already lodged its objections with the Privy Council, and has not ruled out legal action.
Des Hudson, ICAS chief executive, said:
"It is now very clear that this proposal from ICAEW is demonstrably unpopular across the world's chartered accountancy institutes. The argument in opposition to the change is totally consistent from ICAS, our Australian colleagues and now our Indian colleagues."
Just a thought:
ReplyDeleteIf any Institute wants to call itself THE Institute of Chartered Accountants (my capitals), the surely only ICAS has any moral right to do so as it is the oldest.
To my mind, the ICAEW's leadership's proposal to call itself The ICA smacks of arrogance.
Similarly, to insist that any merged Institute must use the ICAEW Charter instead of creating a new, combined Charter suggests arrogance.
For these reasons alone, why should CIMA and CIPFA members want to merge into an Institute likely to be dominated by the Council members who appear to consider their views superior to everyone else's (including their own members)?
Any comments?
Personally, I do not believe that THE Privy Council would even seriously consider, let alone approve, such a change even had ICAS not lodged its objection.
ReplyDeleteIt is obviously both arrogant and foolish of the ICAEW to expect and anticipate such favour.
THE MERGER WILL BE IRREVERSIBLE IF APPROVED (but also to accurately judge the temperature) EACH AND EVERY MEMBER (who is able) OF BOTH ICAEW and CIPFA SHOULD HONOURABLY DO THEIR DUTY AND VOTE.
The name Institute of Chartered Accountants is deluding the public. I doubt it will be approved.
ReplyDeleteThe ICAEW (and or CIPFA) are not bodies with premium quality members, and should not pretend to be.
Long live the ACCA
The proposed name 'Institute of Chartered Accountants' is both dishonest and inaccurate. It is dishonest for the simple and obvious reason that it would be one of at least three Institutes of Chartered Accountants, so 'The' is untrue. It is inaccurate as many of its new 'members' would, like myself, not actually be chartered accountants! I am an auditor in local government - no firm currently wanting to recruit a chartered accountant would look twice at me even if I claimed, by virtue of my membership being transferred to 'the ICA', to be one! Ironically, a more honest and accurate name would be 'The Chartered Institute of Public Finance and Accountancy' as that would be both unique and truly reflective of the whole membership if this wretched proposal succeeds. Anyone know the privy Council's email address so that I can write and tell 'em?!
ReplyDeleteKeep up the good work, Ken.
Thanks Anom
ReplyDeletePrivy Council email address is pcosecretariat@pco.x.gsi.gov.uk
Their website is http://www.privy-council.org.uk