PracticePeople In PracticeInstitutes at war over new name

Institutes at war over new name

ICAS reacts angrily to Anstee's proposal for the title of the merged body.

Link: Institutes release a statement on merger plans

ICAS has locked horns with the ICAEW over the name of a ‘super institute’ that would be created by a proposed merger. A row broke out after it emerged that Eric Anstee, chief executive of the ICAEW, has made ‘The Institute of Chartered Accountants’ his first choice if the body joins with CIMA and CIPFA.

ICAS, which claims to be the oldest body, has been left fuming at its southern counterpart’s designs on the unqualified use of the prefix ‘the’.

Des Hudson, chief executive of ICAS, told Accountancy Age: ‘This is a matter that we are concerned about and we are speaking to the other parties concerned.’

But Hudson’s diplomatic response masked fury at the Scottish institute. A senior source told Accountancy Age that if diplomacy failed they would fight the matter all the way to the courts. There, the Scottish institute would role out its claim to be the original institute and argue that a minority of ‘super institute’ students will train as chartered accountants.

But Paul Druckman, president of the ICAEW, has been known to dispute the Scots’ claim.

It is understood Druckman and his Scottish counterpart, Ian Robertson, held talks last week, but failed to bury the hatchet. The ICAEW emphasised that Anstee had expressed a personal preference. ‘He thinks it’s got some merit because all three bodies have a charter and represent accountants so ICA seems a good moniker on both those counts,’ it said.

Meanwhile, there were signs that council meetings being held this month may not produce a decision on whether to recommend the merger to members. A joint statement said: ‘We now need to give institute councils the opportunity to review our progress and to identify any further issues which require exploration.’

CIPFA’s council met on 9 December, where it was expected to receive the most enthusiastic support. CIMA’s meets on the 17th (tomorrow) and the ICAEW’s on the 20th (Monday).

No details will be made public until a further joint announcement on 21 December.

Related Articles

haysmacintyre makes two new hires in audit team

People In Practice haysmacintyre makes two new hires in audit team

15h Lucy Skoulding, Reporter
Deloitte hires ex-HSBC global head of IFRS as partner

Big Four Deloitte hires ex-HSBC global head of IFRS as partner

4d Lucy Skoulding, Reporter
BDO promotes 1,110 people

Accounting Firms BDO promotes 1,110 people

1m Alia Shoaib, Reporter
Deloitte appoints former RBS Group Strategy Director as partner

Big Four Deloitte appoints former RBS Group Strategy Director as partner

2m Alia Shoaib, Reporter
RSM extends private client legal services with new appointment

People In Practice RSM extends private client legal services with new appointment

2m Austin Clark, Reporter
KPMG makes UK head of automotive appointment

Big Four KPMG makes UK head of automotive appointment

2m Emma Smith, Managing Editor
Grant Thornton expands financial services regulatory team

Accounting Firms Grant Thornton expands financial services regulatory team

2m Austin Clark, Reporter
KPMG hires new head of international tax

People In Practice KPMG hires new head of international tax

2m Emma Smith, Managing Editor