ACCA chief executive awarded OBE

What has she done to get this?

Less abrasive than the last female chief executive, Anthea Rose, but less dynamic and just as petty. ACCA hasn't been recognised by the American CPAs but CIMA has/ will be.

Posted by: PB, 13 Jun 2011 | 10:46

ACCA shouldn’t be complacent

There is a drive for consolidation of accounting profession in Canada incorporating CICA, CMA Canada and CGA. The proposal is to use “Chartered Professional Accountant” or CPA across the board. However a 10 years transitional period for tagging is mandatory where CGA members must use CPA-CGA designation instead of just CPA designation. For that reason, CGA withdrew from the negotiation process. If all accounting institutes in Canada merged altogether to form a new Chartered Professional Accountants institute, then ACCA may be compelled to bail out from North America.

Posted by: Kay Yin C., 20 Jun 2011 | 17:28

The fallacy of “The ACCA is the global accountancy body"

The fallacy of “The ACCA is the global accountancy body with the most members”.

The ACCA is not global at all. It is only recognised in limited areas of SE Asia – where you will never work.

It does have the most members – but most of them are located in countries that aren’t BRIC economies (not even any one of G20 member states) and those members never work for a conglomerate or in the UK as they are studying abroad. While ACCA has marketed heavily to them stating that having ACCA qualification will open doors to immigration or career success or even just getting the first accounting job. They’ve thrown in a free University degree from OXFORD Brookes and I dare say a parker pen and mobile phone holder.

You see ACCA have pursued a big marketing strategy and this makes money from signing up students. The whole global recognition thing is just a myth (if not utter lies). They have a marketing office in every country possible to get people to sign up. It is because of the open door entry policy that they won’t be eligible for mutual recognition with other premier bodies in advanced economies (i.e. Australia, New Zealand, Canada or United States).

This is what recruiters in the UK are aware of and will often screen applicants or perhaps go for ways of targeting UK nationals - i.e. "ACA/ACCA + top 20 University degree".

Posted by: Ken K., 21 Jun 2011 | 20:37

Think outside the box

It is ACCA wrong strategy to cling on “Chartered” myth that makes it falling behind its fellow CIMA Institute. ACCA used to recognize CPA Australia and Ohio & Texas US CPAs for its direct membership admission however it removed this recognition in 2007. ICAEW then takes on this opportunity to introduce its Pathway to Membership and gives direct admission to all US and Australia CPAs to lift up the awareness of ACA brand in Australia and United States.

Posted by: Sebrina, 22 Jun 2011 | 09:22

On accounting bodies and self preservation

@Ken: I see where you’re coming from, but there are other considerations you haven’t taken into account. For instance; of the other upper-tier accounting bodies in the countries you’ve mentioned, none have global ambitions at quite the same scope as ACCA. Looked at from their perspective ACCA is much more a direct competitor (for members, influence, etc) than the rest will ever be. It simply makes more sense, from a strategic point of view, to forge relationships with strong national accounting bodies in key economies than it does to go into MRA’s with an accounting body that actively operates in your home jurisdiction.

Further, we can argue about the extent of ACCA’s global recognition, but I wouldn’t go as far as to call it an outright lie. I wrote my ACCA exams in three different countries; Malawi, England and South Africa (foreign service family) – I should know. True, my legal powers as an ACCA member in South Africa (where I qualified and currently work in public practice) are limited (though that has improved over the years), however that should not discount the level of recognition ACCA has in SA’s business and academic community, or the contribution ACCA as an institution has made in shaping the functioning of the accounting profession in South Africa – there is more to the work of the country office than marketing.

Note: This is my personal opinion. Besides my membership, I am not connected to ACCA in any way

Posted by: PK (ACCA), 22 Jun 2011 | 13:56

Definition of Global Recognition

For those interested. ACCA have advised me that the only foreign accountancy bodies with which they have Mutual Recognition Agreements are:

1) Hong Kong Institute of Certified Public Accountants

2) Malaysian Institute of Certified Public Accountants

3) Certified General Accountants Association of Canada

So then, our ‘Global’ ACCA accountancy qualification has a ‘Massive’ 3 MRA’s with other national qualifications .

If, however, you were ICAEW / ICAS or even CIMA you would seemingly have far greater options regarding which other national accountancy bodies would recognise your qualification.

I guess this is why most people go for ICAEW after ACCA, I can’t blame them.

Posted by: Mundy Tse, 23 Jun 2011 | 11:54

Collaboration Tactics

PK (ACCA), thanks for your comment. Do you notice there are ACCA affiliates and members in Australia and United States moan about they are compelled to re-sit another professional examinations from scratch in order to re-qualify in their home jurisdiction?

Do you know why both CIMA and ICAEW allow AICPA/CPA Australia members get straight in for ACA and CGMA designation? While ACCA requires US and Australian CPAs to re-sit all ACCA papers to get re-qualified.

It is a matter of diplomacy and strategy after all.

http://discuss.accaglobal.com/view_topic.php?id=434&forum_id=69

Posted by: Ken K.,, 25 Jun 2011 | 19:51

Global Recognition

To: PK (ACCA)

Yes, I agree it makes more sense for ACCA to forge close relationships with strong national accounting bodies in key economies, however I don’t see such has happened yet. In fact, what ACCA did is to get round national accounting institute and approach audit regulatory agency for recognition of ACCA audit qualification. Example includes the Canadian branch of ACCA has been/is pursuing recognition for statutory audit purposes in the province of Ontario under the province's Public Accounting Act of 2004

As a matter of fact, no national accounting body is happy to see foreign accounting institute invade their protected audit practice territories, so this could only shrunken the relationship between ACCA and other major national bodies of accountancy.

See FAQs in AICPA/NASBA website information, ACCA is pinpointed as an accounting institute not recognised in United States. There is no mention of ICAEW, ICAS, ICAI or even CIPFA.

3. I hold a license or designation from the Association of Chartered Certified Accountants (ACCA). How can I become a U.S. CPA?

Unfortunately, the designation from the ACCA is not generally recognized by the states in the U.S., so you are required to complete all of the regular requirements to become a U.S. Certified Public Accountant (CPA). Information on becoming a CPA in the U.S. is available here.

http://www.aicpa.org/BECOMEACPA/LICENSURE/INTERNATIONALTOPICSFAQS/Pages/International%20Topics%20Frequently%20Asked%20Questions.aspx#3

ACCA has been lobbying ASIC to recognise ACCA audit qualification for registration as auditor in Australia, again no success. Whereas CIMA is recognised by CPA Australia, therefore ACMA is eligible to get registered as Auditor which is recognised ASIC (Australian Securities and Investments Commission) under Australian Companies Acts.

http://discuss.accaglobal.com/view_topic.php?id=1726&forum_id=69

Posted by: George Lee, 27 Jun 2011 | 09:19

Tension with major accounting institute

This is evidence of ACCA relationship under tension with other major body of accountancy:-

http://app1.hkicpa.org.hk/whatsnew/ACCA_response.pdf

Posted by: George Lee, 27 Jun 2011 | 10:05

ACCA strategy?

Cooperation is always better than confrontation, isn’t it?

ACCA should brush up its diplomacy skills.

Posted by: Terry J., 27 Jun 2011 | 11:33

Protectionism

Following the passage of Accounting Professions Act 2010 in Ontario Canada, ACCA members can no longer use ACCA or FCCA designatory letters in any form of public advertising.

ACCA members can go for CGA designation under MRA but it is still subjected to future consolidation of accounting profession in Canada.

Posted by: Ross, 27 Jun 2011 | 12:27

Reputation is earned not fight for

This is another example of unfriendly behaviours against major national accounting body in Canada:-

http://www2.accaglobal.com/pubs/canada/members/resources/technical/27516.pdf

Posted by: Michael W., 27 Jun 2011 | 14:21

Cooperation Strategy

Both ICAEW and AICPA/NASBA are willing to reach mutual recognition agreement. They discussed about reciprocity in early 90 but without result. This is because of the complaint of another party where DTI at that time insists the US counterpart to sign off MRA with all UK RSBs. However, AICPA/NASBA insists each RSB must undergo the International Reciprocity assessment process instead of blanket approach.

Posted by: Ross T., 27 Jun 2011 | 15:57

Let go the past and move on to future

What ACCA needs is to let go the imperialist corporate culture and move on to ambidextrous mode.

Posted by: Steve PP, 27 Jun 2011 | 18:44

Settle score

To a certain extent, the head on in different jurisdictions are just to settle score.

Posted by: Mao, 28 Jun 2011 | 06:25

Why not CIMA?

If ACCA strategy is just to achieve recognition among business community/public sector in overseas jurisdictions (instead of statutory recognition of its audit qualification) then why should I choose its qualification pathway? Why shouldn’t I just sign up for CIMA?

http://www.accaglobal.com/en/discover/about/our-strategy.html

Posted by: Jason Lone, 28 Jun 2011 | 08:56

Value of ACCA outside Europe

There are ACCA members moan about having to study for a degree to top up the credits needed to enrol for the US Uniform CPA examinations.

http://discuss.accaglobal.com/view_topic.php?id=2658&forum_id=109

Posted by: Susan, 28 Jun 2011 | 15:04

Dissatisfied Member

Before this CIMA has a mutual recognition agreement with CPA Australia. Now CIMA is collaborating with AICPA (US) to set up Association of International Certified Professional Accountants.

ACCA is always working towards .... working towards.... and working towards.... I think someone has to seriously bring this up to the highest council in the uk to reflect what other bodies are doing.

ACCA in getting market recognition alone is not enough. statutory recognition is still most important.

ACCA should do whatever necessary, including revamping its qualification or entry requirements to bring its qualification to a level where other bodies are willing to say "we are happy to mutually recognise each other's qualification"... and not settle for partial recognition...

The industry is ever changing and so should ACCA. Since Allen Blewitt stepped down, I have not personally seen any new recognition arrangements being signed apart from those "collaboration" which does not equate to mutual recognition.

The reason of "competition" should not be used anymore. I'm sure CIMA is also a competitor to AICPA or CPA australia before but the fact that they are able to form an alliance is something notable.

Just my 2 cents worth

http://discuss.accaglobal.com/view_topic.php?id=2648&forum_id=70

Posted by: Matt Todd, 29 Jun 2011 | 00:24

Settle Score

Mao, you are spot on.

ACCA signed unequal Agreement for Recognition Arrangement (ARA) with HKICPA in which Hong Kong Institute of CPAs imposes 8 pre-conditions [i.e. completed and passed QP workshop, passed final QP exam, passed HKICPA aptitude tests, possess accounting degree (oxford brooks not acceptable) & AE/AS experience etc etc] for ACCA members who seek to apply for HKICPA membership but HKICPA members can get straight in to ACCA membership.

However, CPA Australia members can get straight into Hong Kong Institute of CPAs membership without even being asked to sit for aptitude test in Hong Kong Law & Tax, also exempted from AE/AS authorized mentor practical experience requirement.

Posted by: Daniel Chang, 29 Jun 2011 | 06:24

Freebie ACCA Membership

It is a common understanding that ACCA examination is very tough and demanding; how come some people who aren’t Chartered Accountants or EU qualified accountants or GAA umbrella bodies’ accountants could get freebie membership in ACCA?

Under the terms of membership regulation 3(f), Council agreed to invite into full ACCA membership three senior accountants from China - Zhang Lianqi, Jim Yang Zheng and William Huang.

3. Eligibility for membership

Criteria

An individual shall be eligible for membership of the Association if he:

(f) (i) has been invited by the Council to become a member of the Association; and (ii) is a member of an accountancy body which is itself a member of the International Federation of Accountants……………..

I am a member of Institute of Public Accountants (IPA) in Australia which is an IFAC member body, will ACCA council invite me to join the association as full member?

Posted by: Wong Chi Keung, 29 Jun 2011 | 07:57

Settle Score

According to ACCA by-laws all 5 CCAB institutes’ members plus CICA & ICAA members are eligible to join ACCA via direct membership admission once they have been a member of their home institute for 5 years or more.

It seems ACCA only recognize CA bodies but not CPA bodies. It is understandable that CPA Australia would be upset by ACCA’s unequal treatment between CPA Australia and ICAA.

ACCA if wish to strike MRA deal with CPA Australia, it should amend its by-laws to remove ICAA from direct membership admission or add CPA Australia as one of the eligible bodies for direct admission. The same is true for United States or New Zealand.

Posted by: Mao, 29 Jun 2011 | 17:53

Members’ benefits in the heart of professional bodies

ACCA has students base of more than 400,000 where revenue from exams/students fees well out-weight that of membership subscriptions; so there is no point to waste resources on getting recognition of ACCA audit qualification here and there in advanced economies.

As long as the students keep on signing up; the coins will continue to roll in.

Posted by: Benny Sun, 30 Jun 2011 | 08:47

Honi soit qui mal y pense

The Ontario’s Accounting Professions Act 2010 is just another example of “Honi soit qui mal y pense”.

Posted by: Ross, 30 Jun 2011 | 08:58

South Africa RA status

Currently, South Africa Institute of Chartered Accountants (SAICA) is the only professional body accredited by the The Independent Regulatory Board for Auditors (IRBA) to conduct the education, training and assessment programmes which permit entry to the final test of professional competence for Registered Auditorss; the PPE.

Since ACCA is not an accredited body in South Africa for registration of auditor status, so its members cannot get registered as auditor nor engaged in activities relating to conducting/signing off statutory financial statements in South Africa.

But Hong Kong Society of Accountants has signed MRA with SAICA so HKICPA members are eligible to get registered as auditor in South Africa.

https://www.saica.co.za/About/ReciprocityandForeignQualifiers/tabid/399/language/en-ZA/Default.aspx

Posted by: Peter, 30 Jun 2011 | 11:41

ACCA has no recognition in India

ACCA has no recognition in India since Institute of Chartered Accountants in India (ICAI) monopolizes public audit market under India Chartered Accountants Act 1949.

Institute of Chartered Accountants of India (ICAI)

Mutual Recognition Agreements

The second method of obtaining membership is through Mutual Recognition Agreements or MRAs. ICAI has entered into MRAs with several institutes globally, of equivalent standing, to enable members of those institutes to acquire membership of ICAI and to enable the members of ICAI to gain membership of its counterpart in other country.

This is done by granting some exemptions in the regular scheme of examination and training. ICAI currently has MRAs with, Institute of Chartered Accountants in England and Wales, the Institute of Chartered Accountants in Australia, CPA Australia and Institute of Certified Public Accountants In Ireland, Canadian Institute of Chartered Accountants.

ICAI is also in process of negotiating MRAs with, Hong Kong Institute of Certified Public Accountants and Certified General Accountants Association of Canada.

Posted by: Winnie, 01 Jul 2011 | 09:08

No more competition/discrimination kinds of excuse

Even though AICPA have secured mutual recognition with ICAA but it is still happy to strike similar deal with CPA Australia.

Institute of Chartered Accountants in India even had procured MRA with ICAA but it still wish to procure reciprocity with CGA Canada.

It baffles me why ACCA can’t get the same MRA with them?

Posted by: Dissatisfied Member, 01 Jul 2011 | 18:35

Dissatisfied Member

The thing that matters most is first recongnition ,second recongtion , third recognition. When other bodies like ICAI ( CA - India ) are able to negotiate MRA with CPA Australia why our body ACCA can't . ACCA always has readymade answer to such queries, market recognition bla bla bla ............but the one thing ACCA needs to know is unless you have a good MRA with either CA or CPA you can never get that recognition in the australian market. The approach of market recognition justification is good for the employees of ACCA to show they are doing something... If you can, just give the concrete answer what is our position in the negotiation of MRA with ICAA or CPA australia ?

If you ask Francis Richard, he will tell you that we (ACCA members) are few in number, there is little we could do to influence CPA/ICAA or the market in Australia. On the other hand, ACCA remains unknown among smaller local Australian firms even through ACCA was granted with Royal Charter in 1974. Some even insult us that we are both chartered and certified, and in Australia you can only be chartered or certified! It is embarrassing to note that senior accountants in Australia are not aware of ACCA.

The fact is CGA, India CA, CIMA or CIPFA can all get recognized auditor status in Australia but ACCA cannot, WHY?

Posted by: John, 01 Jul 2011 | 22:53

No such thing as global recognition

My only advice to accountancy students is if you are residing in Latin or North America, just sign up with AICPA or your home country accounting body. If you are locate in other parts of the world, just sign up with your home country accounting body.

Don’t listen to stories about global recognition, it is just a fairy tale, otherwise you would end up in misery like me.

Posted by: Dissatisfied Member, 02 Jul 2011 | 00:16

ACCA Strategy is not sustainable

The real issue is that ACCA is losing its grip on its traditional markets and its stratgey of domination and control has failed.

The value of ACCA qualifications in Hong Kong is now diluted. The HKICPA qualification is recognised. Anyone passing ACCA exams will need to sit additional exams to secure a practicing certificate in Hong Kong. HKICPA will also be setting exams in China. ACCA has not been able to get a toe-hold in India either. Thus two of the largest emerging markets have no place for ACCA. The reason for this is that over the years ACCA officials have antagonised local bodies and people. ACCA insists on control through London and operates in the colonial style. This denies local autonomy and is also insensitive to local needs. This is inappropriate and deservedly failed.

The same logic is creating resentment in Malaysia. The objective of ACCA is not to help local people to build local institutional structures but to create dependency on London. ACCA collects its fees local people get nothing, just new colonial domination.

They cannot see the failures of the policies, which have weakened the Association. It has no influence in the UK or EU. Its qualifications are not recognised in US, Canada, Australia and South Africa. Hong Kong, China and India are the new visible signs of failures of such policies. Malaysia would be next.

Posted by: Eric L., 02 Jul 2011 | 21:37

ACCA has no recognition in Pakistan

HEC Equivalence for B.Sc Oxford Brooks Degree and ACCA

Before 2001, there were limited students of ACCA in Pakistan, however the programme grew tremendously and by 2009 there were 20,290 students studying for ACCA qualification (source http://pakistan.accaglobal.com/pubs/pakistan/general/annual.../ar_2009.pdf )

However ACCA never got any recognition from HEC Pakistan. As a result student were unable to get any government job or get admission in a university for higher qualification. We made countless emails to ACCA UK and at last in 2011 ACCA Pakistan took some action and spoke with HEC people. Now on 4th of May, 2011 ACCA announced that ACCA gets Equivalence to M.Com of Pakistan. (source http://www.accaglobal.com/pakistan/students/local_information/hec ).

I want audit recognition not a degree equivalent!

Posted by: Disappointed Member, 04 Jul 2011 | 16:18

no more colonial style partnership

Eric L, you are spot on.

This is exactly the reason why United Arab Emirates Government chose Institute of Chartered Accountants in India (ICAI) to help setting up a professional body in UAE.

It is because ACCA strategy of dominance and control that failed to won that contract. The UAE government does not want to outsource the professional accountant certification function nor regulatory regime to British accounting body run under a colonial style.

Any partnership must be based on mutual respect and beneficial and it should not be a master and servant relationship.

http://www.hindu.com/2006/09/08/stories/2006090806731500.htm

Posted by: Johnny , 05 Jul 2011 | 06:31

ACCA has no recognition in Nepal.

http://www.ican.org.np/getmembership.php#1

ACCA has no recognition in Nepal.

However, full member of Institute of Chartered Accountants in India (ICAI) is eligible to apply for full member of Institute of Chartered Accountants in Nepal (ICAN).

So, it is ICA India who dominates Islamic accounting world in Central Asia and Middle East.

So, it is South African ICA who dominates Africa accounting world.

So, it is AICPA who dominates Latin and North America accounting world.

So, it is ICA Australia who dominates South Pacific Ocean accounting world.

It will be Chinese Institute of CPA to dominate Asia accounting world.

There is no one accounting body large enough to dominate Europe accounting world.

Posted by: Jason, 05 Jul 2011 | 11:42

Premier Body of Accoutants

http://www.icasrilanka.com/Members/CPAAusMembership.html

Institute of Chartered Accountants of Sri Lanka (ICASL) is even of higher status than ACCA.

ICASL is recognised by CPA Australia whereas ACCA isn’t.

Posted by: Disappointed Member, 05 Jul 2011 | 12:16

Malcontents

Wow, what has rattled your cages?

ACCA is the only accountancy body with truly global ambition and teh balls to follow it up the rest of you just play at it.

All I can see here is people with an axe to grind, letting off steam, usually in a pretty literate way. It gives our profession a bad name. Maybe in this case, DO give up the day job.

Posted by: G Bergen, 05 Jul 2011 | 15:47

Disappointed former member

ACCA is (past tense) my punch bowl too.

It sad to see a turtle won a rabbit in less than decade.

As Bill Gates said every corporation is destined to demise if no new product, new invention, new technology is deployed in production etc. I think accounting profession is no exception.

Posted by: CC L, 05 Jul 2011 | 16:22

G Bergen

Who jangled your chain?

I guess although some comments may be a bit irritating but it is fair comments. At least none is fabricated/without factual support.

Posted by: Willis, 05 Jul 2011 | 18:39

Just have ambition is not enough

To: G Bergen

Just have ambition without actualization is meaningless.

I have the ambition to be American President too!

Posted by: Jackson, 05 Jul 2011 | 23:45

ACCA not recognised in Taiwan, Japan & Philippine

It is the view of accountancy students that ACCA is a second class qualification when compared to ACA or CA designation of ICAEW or ICAS in UK, and in International level, ACCA is not recognized for membership by most of the leading economy without firstly doing exams and these include USA, Canada, Australia, New Zealand or South Africa etc. The reason is that ACCA is not really a local body but international accounting body where it overstretches its capacity trying to reach out here there and everywhere.

ACCA is not recognized by Philippine Institute of Certified Public Accountants, Federation of CPA Associations of the Chinese Taiwan nor The Japanese Institute of Certified Public Accountants. However, all these CPA bodies recognize US CPA for direct admission into their membership.

Posted by: Joey B., 06 Jul 2011 | 06:40

Chargé d'affaires

A merged body would also be in a stronger position to assess, influence and seize opportunities to benefit all members and the Canadian public. Specific examples would be our relationship with the U.S. CPA bodies, U.K.-based Chartered Accountants, CIMA and CIPFA, CPA Australia as well as with the Global Accounting Alliance (GAA), the world’s largest accounting alliance representing over 775,000 professional accountants.

CICA’s position paper “Uniting the Canadian Accounting Profession” in Canada does not even mention ACCA indicates it does not have any diplomatic relation even Chargé d'affaires.

Posted by: Benny, 06 Jul 2011 | 16:14

ACCA recognition in China

http://sou.zhaopin.com/jobs/jobsearch_jobtype.aspx?bj=2060000&jl=%E4%B8%8A%E6%B5%B7&sm=0&p=1

After scanned through thousands accountancy job ad in China, I can’t find even one ad that ACCA could fit the bill.

80% of the accounting job ad requires Chinese CPA, 15% employers are willing to consider Hong Kong CPA and 5% would consider US CPA for filling the accounting vacancy.

Posted by: Patrick, CPA, 07 Jul 2011 | 09:58

Why still no mutual recognition between UK & USA accounting profession

ACCA is not recognised in the USA. CPA is to the US what ACCA is to the UK, a regional body.

ACCA uses IASB, AICPA uses FASB. Though the IASB and the FASB have been in dialogue for years and the president of the FASB is an IASB Vice-President, the mutual recognition agreement is still a far way off. There are several reasons

1. AICPA requires you to have accounting credits from university studies and many states even require you to have a masters degree to do the CPA exams.

2. IASB is principles based, FASB is rules/legislated based. To operate as a Certified Public Accountant in the US, you need to know US accounting law, which is a whole profession unto itself.

3. If the recognition agreement is ever achieved, then the US and UK/IASB would have to streamline their accounting standards, neither wants to yield sovereignty to the other.

Even ACCA suggests its USA members to sit for the US uniform exams.

Posted by: Lillian, 07 Jul 2011 | 14:25

Look at the bright side

G. Bergen, I do not agree our profession has a bad name.

Look at the bright side we still have innovative, progressive body like CIMA and CIPFA to take our profession forward.

Posted by: J. Roberts, 08 Jul 2011 | 00:37

Thought Leadership

Let the profession run the professional body.

Same as Michael Izza who is a qualified chartered accountant with Coopers & Lybrand and he has held MD position in a UK Plc before joining ICAEW as CEO, Charles Tilley of CIMA is also having similar background (also Chartered Accountant and previously worked as MD in a UK Plc).

Under Charles leadership, CIMA has embarked on an ambitious strategy to transform itself into a truly global professional accountancy body, and formed alliance with AICPA to raise the profile of Management Accountant throughout the world.

We can’t expect an amateur or layman to lead a professional body.

Strategy formulation process in AICPA or CICA involves members’ participation through WEBCPA or CPACanada (www.cpacanada.ca) discussion forums where members’ opinions are fully integrated into the final strategic direction.

Both AICPA and CICA strategic formulation requires members’ consultation where other so-called global body for professional accountants relies on the Chief Executive to feed in report about the strategic position of the association and current development of the industry. The manner in which such global body conducts its council meeting is to rely on agenda items prepared by the Chief Executive. Any resolution about the assessment of current international recognition and future approach to manage recognition is just to be made out by the Chief Executive for council’s approval.

Posted by: richard, 09 Jul 2011 | 16:13

CIMA “Game Changer”

It is CIMA “Game Changer” that enables it to excel all British CCAB bodies. CIMA is now adopting a “Reverse” colonization strategy in the era of globalization. The success is witnessed in Sri Lanka as a result of the new and modernized approach to market development where it accommodates local training needs & challenges.

Despite the rivalries with other accounting bodies, CIMA grew into an international body and extended its operations through its “global strategy” which aimed to elevate market shares in postcolonial peripheries. The case of the development of Colombo Division shows that these peripheral markets rather than HQ at the centre have become “influential” as opposed to the centre influences the periphery. This reinforces a “reverse” colonisation, which fostered…………………………..

Abstracts from research paper “REVERSE” COLONISATION IN THE ERA OF GLOBALISATION: SRI LANKAN IMPERIAL LEGACY MEETS CIMA -UK’S GLOBAL STRATEGY” of Danture Wickramasinghe & Sanjeevenie Cooray.

Posted by: George Lee, 10 Jul 2011 | 10:23

Change is Imminent for ACCA

Accounting profession is facing the challenge it never had before, if ACCA entrenches itself in its current position and declines to reform; then it may be out of the global scene within the next 10 years.

Posted by: Lewis, 11 Jul 2011 | 18:06

one of the worst qualification to have

ACCA is one of the worst qualification that one can have.Just having a high profile banner(i.e global body for professional accountant )does not make qualification global to be global one has to have some sort of recognition which we call MRA.That ACCA don't have.

Posted by: bicky, 12 Aug 2011 | 21:09

Is it Jealousy ?

I am an ACCA member in Saudi Arabia and agree that ACCA needs to revise its strategy.

However, not all is bad. The pathway to ACA by ICAEW for ACCAs is a proof ACCAs success. Its actually the threat of fast growth of ACCA which has worried AICPA, ICAEW & Others for their sustainability in coming decades. B.regards

Posted by: IPFM, 21 Dec 2011 | 14:18