The First minister of Scotland, Jack McConnell, has given his backing to ICAS's objections to the proposal by ICAEW and CIPFA to call the newly merged accounting body (if they win the merger vote) The Institute of Chartered Accountants.
McConnell is quoted in Accountancy Age as saying that the name would give a "false sense of representational status" to the merged body.
ICAS have confirmed that McConnell would complain to the Privy Council "if required".
ICAS state, in a press release, that:
"..ICAS has been deluged by a membership response from around the world entirely opposed to the name change and is heartened by the support of other Institutes..".
Des Hudson Chief Executive of ICAS said:
"The backing of the First Minister, Scotland's highest constitutional office holder, is terrific news for ICAS and an endorsement of the role of CAs in Scottish, UK and Global business. It is a very important step in ending this proposal.."
Needless to say ICAEW chief executive, Eric Anstee, is trying to push this under the carpet; by saying that "the name issue should not cloud voting".
The failure of the ICAEW to handle the name issue shows just how badly they have thought through the whole merger proposal.
The name issue is a clear example of the failure of leadership and planning shown by the Council, and the executive team, at the ICAEW.
I trust and assume that there will be resignations a plenty, once the members of the ICAEW have voted against the merger.
Vote for change, vote against the merger.