RegulationAccounting StandardsACCA reform measures just a ‘gimmick’

ACCA reform measures just a 'gimmick'

ACCA's new measures to improve its accountability and transparency are nothing more than a 'gimmick' says longstanding critic Prem Sikka

acca logo

ACCA’s new
governance structure has not improved its accountability or transparency,
according to a longstanding critic.

ACCA member and University of Essex professor of accounting Prem Sikka said
the institute’s measures, which include independent lay appointees to oversee
its governance, were ‘nothing more than a gimmick’.

‘The [lay appointees] are handpicked and not independent, so they don’t
increase the accountability of ACCA’s officers,’ said Sikka.

But Peter Large, ACCA’s executive director for governance, said the new
structure followed best practice.

‘Placing oversight of regulation and discipline at arm’s length from the
governance of ACCA’s other activities helps to reassure stakeholders that ACCA’s
arrangements are operated impartially, with integrity and in the public
interest,’ Large said.

Related Articles

PwC CEE strikes partnership with LSBF

Accounting Firms PwC CEE strikes partnership with LSBF

11m Accountancy Age editorial
Treasury Select Committee report released on Making Tax Digital

Accounting Standards Treasury Select Committee report released on Making Tax Digital

11m Stephanie Wix, Writer
ACCA launches Education Global Forum

Accounting Standards ACCA launches Education Global Forum

11m Stephanie Wix, Writer
ACCA and Morison KSi sign global MOU

Accounting Standards ACCA and Morison KSi sign global MOU

11m Stephanie Wix, Writer
Accountants need to prepare for 50 public sector forces, outlines ACCA report

Accounting Firms Accountants need to prepare for 50 public sector forces, outlines ACCA report

1y Stephanie Wix, Writer
ACCA announces partnership with RD Tax Solutions

Accounting Standards ACCA announces partnership with RD Tax Solutions

1y Stephanie Wix, Writer
'Clear' tax avoidance guidance for advisers issued by institutes

Accounting Standards 'Clear' tax avoidance guidance for advisers issued by institutes

1y Stephanie Wix, Writer
ACCA and CSOEC launch a new Certificate in Business Valuations course

Accounting Standards ACCA and CSOEC launch a new Certificate in Business Valuations course

2y Richard Crump, Writer