Re: CPAI am FCCA and registered CPA candidate. For some reasons I decided not to sit CPA exams but studied subjects and solved hundreds of MCQs. My impression is that many questions are badly worded, some of them test exam technique and not the understanding of concepts. If you want to understand why label 'boring bin-counter' emerged just solve dozen of CPA's MCQs and you'll get closer to the idea.
About mergers:1. Merger with ICAEW is unlikely because of ICAEW elitasm. Not bad in itself if substantiated.2. Merger with CIMA and/or CIPFA - possible and could be mutually benefitial but if it did not accur during last decade there probably insufficient willingness to proceed on part of members of these bodies.3. AIA - body on the same path as ACCA, just couple decades behind. I don't clearly understand why one should register with AIA when ACCA exists. But why not merge if examination and experience standards of AIA are consistent with those of ACCA...
If AICPA will create separate qualification for foreigners it will be viewed unferior by both CPAs and those pursuing this qualification. If I had a choice and willingness (and at the moment I don't see the reason why I should sit CPA exams) I would sit CPA exams themselves and not something new, developed for other (read developing, second tier) world. In any case this qualification will not give statutory rights in the US (or AICPA will face unsurmountable opposition on state level). And you know better than me: no statutory rights - no respect and no protected market.
I am disappointed...The fact is awful. The action is clearly immoral.
But I am also (as PwC alumni) disappointed how badly was the operation planned. How could he plan and manage audits if he planned and committed the crime in such a childish manner?