The front page of today's Accountancy Age again reports on that most well publicised, and poorly kept, secret namely that the ICAEW are pressing ahead with plans to integrate with the Institute of Financial Accountants (IFA).
IFA have only 9000 members, and are allegedly embroiled in something of an internal spat amongst themselves over accusations of disciplinary issues within the upper echelons of their leadership.
Needless to say, if the documents that Accountancy Age claim to have are anything to go by, the ICAEW are not put off by the damage to our reputation and credibility that the association with IFA will do to us.
They appear to be carrying on "full steam ahead" to bring IFA on board.
Their rationale being that size matters, and that the integration will address the falling student and membership numbers.
When will the ICAEW realise it is not size that matters, but quality?
Additionally, does it not occur to the ICAEW that the reason for the falling student numbers is the fact that they are unable to provide a syllabus that is relevant to the 21st century?
In fact, as their botched introduction of the 2006 syllabus shows, they are not able to provide a syllabus at all!
We kicked the absurd idea to merge with CIPFA into touch, and we will most certainly do the same with this ridiculous plan.
One small thing that the leadership of the ICAEW seem to have forgotten, is that they have yet to tell the membership of their plans.
This despite the fact that the talks, allegedly, have been going on for at least six months.
Indeed the plans allow for IFA becoming a "fallback" body for failed chartered accountants, especially CIMA and ACCA failures, under what the ICAEW term a "confederation".
Star Trek this is not!
Happy with this?
Proud of your institute?
I am most certainly not!