They are hosting a series of roadshows and mounting a publicity campaign, under the direction of their PR firm Media Strategy (perversely enough paid for by us, the membership), designed to swing the vote of the membership in their favour.
Unfortunately, those of us who oppose the merger do not have the resources to be able to afford to hire Media Strategy; even though we will, via our subscriptions, be paying for Media Strategy's involvement.
Therefore I ask you to help me out in the last few weeks of the campaign, by emailing this post to as many members of the ICAEW and of the media that you know.
Please can you ask them to
-Visit this site
-Forward this post to their friends and colleagues in the ICAEW
-And, most importantly of all, vote against the merger
Reasons To Vote No
- The merger will dilute the brand
- Merging CIPFA and the ICAEW is not a merger of equals, we should be merging "like with like"
- The merger will increase the size of Council, from its current unwieldy and inefficient size of 90, to 115 members
- A two tier membership, as promised by Council, will be confusing to the membership, the outside world and impractical to administer
- Council will renege on its promise to run a dual qualification system
- To hand over control of the governing council of the ICAEW, to a new body, will denude the current membership of its right to veto who can become an accountant
- We should be talking to ICAS about merging, not CIPFA and CIMA
- The ICAEW have mismanaged the merger proposal from day one, by talking to the wrong bodies and by antagonising ICAS over the choice of name
- The Audit Commission has noted that 25% of submitted local council accounts have to be resubmitted, because of significant errors and "significant" departures from UK GAAP
- The mixture of qualifications that the merged body would embrace, would mean that it could not accurately claim to be called The Institute of Chartered Accountants
- The proposal to takeover CIPFA will add only another 13500 members to our numbers, that represents a mere 11% of our current membership. This will not alter the status quo, or increase our standing within the financial community
- If the merger were truly "revenue enhancing", as the ICAEW would have us believe, why did they raise subscriptions by 9% for 2006?
- The ICAEW is meant to represent the interests of its members, yet it is ignoring the membership and wasting our money on trying to convince us of the need to merge with CIPFA
Ken Frost FCA