In 2005 I wrote:
"Eric Anstee is reportedly so incensed, by what he calls "spoiling tactics", that he has threatened to "realign" the ICAEW's funding of CCAB; he may even withdraw ICAEW from CCAB."
Yet, by 2008, the ICAEW had somewhat changed its views wrt CCAB:
"..It seems that the ICAEW, either via accident or design, has managed to stir up another major row with some other accounting bodies.
Accountancy Age reports that "private papers" (intended for council only) were "accidentally" published on the ICAEW website last week.
The papers disclose a plan to rank accountants in terms of a hierarchy. The Consultative Committee of Accountancy Bodies would be the top, and book-keepers at the bottom.
The plan is part of the ICAEW's desire to formally recognise the term "accountant", and will be submitted to the Privy Council.
The ranking will be as follows:
- financial accountants
- accounting technicians
Given that the plan then was to make CCAB numero uno, the decision by CIMA to leave CCAB is a tad odd, is it not?
What is the reason for this decision?
Could the reason be that CCAB appears to have died (no press releases since 2009), and CIMA wants to leave before the ship sinks and drowns all those left on board?
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