ACCA members reject the Colonial Model
ACCA pretends to be a global accountancy body but the control rests in London. Its colonial model seeks to prevent the emergence of local accountancy bodies in countries as diverse as China, Malaysia, Singapore, Nigeria, Zambia and Ghana. Such policies thwart the economic development of many countries and increases their dependence on western accountancy bodies, whose main concern is to be control markets and increase earnings rather than the development of indigenous social infrastructure.
ACCA does not recognize the local cultural,
religious and historical values and hoists the London based education,
ethical and disciplinary apparatus on its overseas members.
Instead of developing a UN type of
model which shares common values but grants maximum autonomy to
local professionals in setting their education, ethical,
disciplinary annd other rules, everything is controlled from
London. This is legitimized by a useless, toothless and pointless
ACCA members have once again given a thumbs
down to the IA. ACCA boasts 105,000 members worldwide but at the recent
IA elections, individuals got elected with just 44 votes. The highest
vote polled was 229 votes (details of votes are shown in the September
2005 editio of Accounting & Business). It is clear to evryone
that the IA does not cannot represent anyone. AABA has urged ACCA
members not to vote for this pointless and expensive Assembly.
At any honorable organization, the
leadership would be ashamed at such a state of affairs. Such an
election would be declared null and void and the IA would be abandoned
and a new effective structure would be created. But the unelected ACCA
leadership has no shame and does not really want to hear from its
members. As always, the aim is to have useless structures to legitimize
the power exercised by unelected officials.
The IA meeting costs more than
£100,000 each year and provides a free holiday for the cronies
elected to IA and the their masters. ACCA members foot the
bill by paying ever increasing annual subscription fees.