In a year in which the global accountancy profession has been promoting ways in which it creates value for business, I am delighted to be able to report to you how ACCA continues to bring value to its members.
Given our focus on meeting the needs of employers, the findings of a recent independent survey of 1,300 employers in 20 countries in which 50% rated ACCA as the leading global professional accountancy body in reputation, influence and size are particularly significant. ACCA was cited more frequently than any other professional accountancy body. It has also been pleasing to see continued strong growth in our membership. ACCA now has 147,000 members and it is the largest international body in 54 markets.
VALUE TO MEMBERS
We continue to invest in our future as a professional body. Council is especially pleased to note the significant enhancement to strategic planning and resource allocation across the organisation. Critically, we are aware we remain in a challenging economic environment and we need to ensure sound financial stewardship and cost consciousness in all that we do. As part of its drive to be fit for the future, there is good progress towards a vision of global online service for all customers, with developments having a positive impact on our global carbon footprint, more details of which are in our second CSR report.
CREATING AND SUSTANING VALUE FOR BUSINESS
I was proud to lead our delegation to the 18th World Congress of Accountants, held in Kuala Lumpur, Malaysia. ACCA was Gold Sponsor of the event with its theme Accountants: sustaining value creation, attended by over 6,000 delegates from 130 countries. ACCA communicated powerfully on change required to strengthen the global profession and we were delighted to sign a hugely significant Memorandum of Understanding with the Chinese Institute of Certified Public Accountants. While attending the WCOA, I and Council colleagues were privileged to meet with ACCA networks across Malaysia.
ACCA MEMBERS CREATING VALUE
Council also held a highly successful meeting in Prague in 2010, its third such international meeting, where we were able to witness the huge contributions our members make to business and the high regard in which ACCA is held in the Czech Republic. I also want to pay tribute to Council colleagues and ACCA staff for their support, advice and enthusiasm in the past year, which has seen ACCA continue to enhance its offering and reputation and continue to develop as an acknowledged global leader in the accountancy profession.