The council meeting provided 36 council members and various administrators an all expenses paid trip to Malaysia, estimated to cost around £120,000.
real issue is that ACCA is losing its grip on its traditional markets
and its stratgey of domination and control has failed. ACCA has
hardly any influence in the UK, far less anywhere else. ACCA members
don’t get the top jobs. You need to look no further than the ACCA
current CEO does not have the ACCA qualification and neither did his
predecessor. A number of its directors did not pass the ACCA
either. Why should anyone hire ACCA qualified individuals for the top
value of ACCA qualifications in Hong Kong is now
diluted. The HKICPA qualification is recognised. Anyone passing ACCA
need to sit additional exams to secure a practicing certificate in Hong
HKICPA will also be setting exams in China. ACCA has not been able to
toe-hold in India either. Thus two of the largest emerging markets have
place for ACCA. The reason for this is that over the years ACCA
antagonised local bodies and people. ACCA insists on control through
operates in the colonial style. This denies local autonomy and is also
insensitive to local needs. This is inappropriate and deservedly failed.
The same logic is creating resentment in Malaysia. The objective of ACCA is not to help local people to build local institutional structures but to create dependency on London. ACCA collects its fees local people get nothing, just new colonial domination.
reason for holding council meeting in Malaysia in mid-September was to
appease local critics. But they can see that it is simply an empty
changes nothing. Local members do not get any autonomy or control over
affairs. The same colonial model continues to control their lives.
is very adept at silencing debate. There is no forum
for members to discuss any issues about the governance of the
local district societies are controlled by the Head Office. Annual
Meetings are a sham. Questions can be raised but are rarely answered by
unelected officeholders. There is no discussion of anything, just fully
PR statements. Full minutes of the meetings are never produced.
Spontaneous questions are no allowed as there is no such thing as "Any
Other Business" (AOB).