ACCA'S CUPBOARD IS BARE
On 16th September 1999 even before the ACCA council finished its meeting,
we told that world that ACCA was being pushed out of IFAC (click
here to see the item). In response of this exclusive revelation, ACCA
was forced to to issue a press release on 20th September 1999. Used
to keeping members in the dark, the ACCA bureaucrats conducted an internal
investigation and naturally that did not reveal anything.
It is not that the IFAC or the CCAB have anything against ACCA. The
reality is ACCA is not equipped to do anything at an international stage.
It can't even get recognition for its qualifications in Canada and USA.
The debate in ACCA is stifled. Members are silenced through threats and
censorship. Anyone speaking their mind is removed from council.
Let us look at the ACCA council.
So the marginalisation of ACCA at the CCAB and the IFAC is the inevitable
consequence of the narrow policies pursued. With around 30,000 UK members
ACCA is not a big player on the UK scene either. ACCA's management has
no independent strategy and ACCA council lacks independent thinkers. Have
you ever read any research report written by any of them? Without fundamental
reform of its governance, ACCA's influence will be marginal. The chief
executive will probably retire on a pension of £200,000 per annum.
What will ACCA members do?
Of the three officeholders, President is busy nursing Marks & Spencer
through its financial difficulties. The other two are either retired or
With the departure of Tony Cruse and Robert Jackson two positions are vacant.
One of the effects of the proxy votes cast by the President is that the
duration of some council members’ term is very short. It does not enable
them to become fully familiar with the politics of the domestic or the
international arena. Twelve persons have been at council for less than
18 months. If any of these harbored any thoughts of reform or standing
up to the current 'inner council' or management they would be out too.
Five former Presidents, well past their sell-by date, are still on ACCA’s
Another three members are near their retirement age.
With the very public removal of Ray Gardiner from office, the reforming
members have been silenced and may not share the management's policies
and strategies for advancing ACCA’s interests.
A kind of racism has operated at ACCA. Members will recall that until
1996 no overseas member appeared on council. To date, no nonwhite member
or an overseas member has been allowed to hold office. The same racism
is evident in ACCA's dealings with the CCAB and the IFAC. Overseas
council members could be put forward for nomination but the ACCA’s controllers
are not happy with this.
Most of the ACCA's overseas council members either come from small
offshore islands (Singapore, Hong Kong, Jamaica) or live at a great distance
away (Malaysia) from the Western hemisphere. It is difficult to see why
they should be devoted to advancing the hegemony of the UK bodies at the
expense of the interests of the countries that they live and work in. Not
everyone has the imperialist mentality!