ICAS rules out merger with ICAEW
The Institute of Chartered Accountants of Scotland has finally ended 13 years of speculation of a merger with its English and Welsh counterpart, by firmly rejecting the idea 'for the moment'.
Link: Raising audit threshold risky, says ICAS
Ian Marrian, chief executive of ICAS said the option had been ruled out by council because it was not considered appropriate in the new, devolved Scotland, The Herald reported.
‘A merger was discussed and it is not something one can definitely rule out forever,’ Marrian said. ‘But there was a view that it is not something that should be on the agenda for the moment.’
He said it was something ICAS members did not want to see.