So much for the ICAEW taking on board my advice to make peace with ICAS.
The Scotsman reports that:
"Eric Anstee, chief executive of the Institute of Chartered Accountants of England and Wales (ICAEW), told The Scotsman that, despite his members narrowly voting not to merge with the Chartered Institute of Public Finance Accountants (CIPFA) this week, he plans to go ahead with an application to the Privy Council to drop "England and Wales" from its title.
The move has infuriated accountants in Scotland, whose governing body, the Institute of Chartered Accountants Scotland (ICAS), has already protested to the council about the move, with the support of the First Minister, Jack McConnell, angry it contravenes the convention that accounting bodies must carry a national name in their title."
In my view, not only is this pig headed and arrogant policy going to further worsen our relationship with ICAS, at a time when we should be making peace with them; the public argument between the two professional bodies, and negative publicity that this will attract, will irreparably damage the reputation and brand value of the ICAEW.
If anyone on the executive or council of the ICAEW has any sense, they will stop this now.
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