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 International Assembly.

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.