I am advised by an impeccable source that tomorrow the ICAEW and CIPFA will issue a press release concerning a Memorandum of Understanding (MOU) that has been signed by the two bodies.
The subject of that MOU is a proposal for a "Strategic Partnership" between the two bodies.
Seemingly various committees etc will be set up, some of which will be led by CIPFA, that will determine the methodology for forming the joint policy of the two bodies.
It would seem that this is a merger by the back door, and that the ICAEW has ridden roughshod over the wishes of the membership. Somewhat surprisingly this comes in the midst of the ICAEW advertising campaign that proudly trumpets that the ICAEW qualification is the best bar none.
How contradictory is that?
It also contradicts Izza's recent interview, in which he made clear that the merger was off the agenda for the time being.
It would appear that the "leadership" of the ICAEW has decided to ignore the views of the members who pay the salaries of the "leadership" and the expenses of council.
How very foolish of them!