Quote:
Originally Posted by THE SCUD
The ICAA came out yesterday and confirmed that any merger would be subject to a vote. There is 0% chance it goes through, considering not a single CA I have met is for it.
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Prestige is a factor. However, the reality is that after adopting IFRS, CICA doesn't have the clout it used to have. And then CMA/CGA are stealing all the slave articling students from the big four.
Status quote means CAs are the big fish in a small pond. Merging will allow CAs to be the alpha dogs in a much bigger pond. That's why ICAA is interested in this merger.
The distinction will still be there for the next ten years at least.