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AIA

ACCA’s annual review shows solid growth in 2006

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18th Apr 2007
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ACCA’s annual review reveals it is now the largest accountancy body in 47 countries around the world. 2006 saw the Association’s membership increase by 5%. South East Asia and Africa provided much of the new intake, with Central and Eastern Europe making a significant contribution to student membership, which increased by 15%.

In an unprecedented disclosure, the review also features official membership retention rates. The figure of 97% is reported to compare favourably with previous years.

Last year also saw the forging of long-term working partnerships with other global organisations, most notable CGA Canada, and accountancy bodies in countries such as Argentina, Botswana, Cyprus and Egypt. New consulting projects in Jamaica, Kosovo, Pakistan, Poland, the Slovak Republic, Sierra Leona and Trinidad and Tobago also boosted the Association’s international profile.

2006 also saw the Association making contributions to regulatory policy in a number of countries, most successfully with the Australian Tax Office, where it was involved in income tax assessments, and in Hong Kong, where it advised on the liberalisation of services, offshore funds and companies regulation. At home, efforts to develop a greater presence in the public sector saw the publication of the ACCA healthcare manifesto, “Accounting for the Nation’s Health”.

Other activity in 2006 included the development and launch of the Cambridge International Certificate in Financial English (Cambridge ICFE), developed through ACCA’s partnership with the University of Cambridge English Speakers of Other Languages (ESOL). There was also the introduction of a compulsory ethics module to the ACCA syllabus, in which the first examinations will take place in December 2007.

Allan Blewitt, ACCA's chief executive, said it was a successful year, but admitted the Association has yet to meet its long-term objective of world domination. “The future goals set by ACCA’s Council are challenging”, he said. “By 2010 we aim to be the leading global professional accountancy body by reputation, influence and size.”

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