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Understanding Why and How Some Chartered Accountants Object to the Proposed Merger of the Three Accounting Professions in Canada
Author(s) -
Guo Ken H.
Publication year - 2012
Publication title -
accounting perspectives
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.238
H-Index - 17
eISSN - 1911-3838
pISSN - 1911-382X
DOI - 10.1111/j.1911-3838.2012.00034.x
Subject(s) - accounting , political science , valuation (finance) , management , opposition (politics) , business administration , humanities , business , economics , law , philosophy , politics
This study examines the objections of some chartered accountants ( CA s) to the recently proposed merger of the three accounting professions in Canada. An exploratory content analysis was conducted to investigate CA s' discussions on the online forum set up by the three accounting bodies. The results suggest that CA s viewed themselves narrowly as: (1) someone who passed the Uniform Evaluation ( UFE ), (2) much different from or superior to certified management accountants ( CMA s) and certified general accountants ( CGA s), and (3) validated by third parties (such as international counterparts) and external factors (such as job market opportunities). As a result, the proposed merger was seen as a threat to their professional identities. CA s also perceived unfairness of the merger process and the leadership of their institute. These factors together were found to have influenced CA s' objections, which were manifested in multiple levels of resistant behavior toward different targets. Implications for practice are also discussed.