ACCA - The global body for professional accountants

Council's final meeting of 2011 took place at 29 Lincoln's Inn Fields on 26 November. This was held immediately following the annual meeting of ACCA's International Assembly. Assembly members Shalini Popat (Kenya) and Nisreen Rehmanjee (Sri Lanka) were invited to give oral reports to Council on the outcomes of the Assembly meeting, including the debates Assembly members held around the topics of the advent of the e-professional and the future of ACCA's global policy development.

Council was also pleased to welcome Olivier Boutellis-Taft, the Chief Executive of FEE (the European Federation of Accountants), who gave a highly topical presentation on the EC Green Paper on Audit, its possible impact both in Europe and globally and the implications for the future of the profession.

A number of other issues were debated at the meeting on 26 November.

  • Council met in break out groups to discuss issues around the advent of the e-professional, a topic which had also been considered by the International Assembly. The discussions centred around how technological advances are changing the role and skills of the finance professional, the key drivers for the increasing use of technology and a profile of the next generation of worker. The outcomes of the discussions will help to inform the development of ACCA's strategy in this key area.
  • Council also considered the regular report of the Chief Executive covering a number of strategic developments both within and outside ACCA and developments in key markets. Council was particularly pleased to note that ACCA had been awarded a contract to advise on the development of a new post-university professional accountancy programme in Singapore.
  • Following an earlier decision that Council's next international meeting should be held in Nairobi in June 2012, Council received a report on arrangements for the meeting, together with proposals for a programme of events involving members, students and other important stakeholders. The meeting in Nairobi will take place on 23 June, after which smaller groups of Council members and senior staff will undertake visits to Ethiopia, Tanzania and Uganda in order to maximise the opportunity for stakeholders in the region to meet with representatives of ACCA's governing body.
  • Council agreed recommendations from Nominating Committee regarding skills criteria for non-Council members on a number of its standing committees.
  • In other business, Council agreed a timetable for choosing its preferred nominee for Vice President in 2012 - 2013. It also received presentations from the Chairmen of Governance Design and Market Oversight Committees on the work plans for their committees for the coming year.

The next meeting of Council will take place in London on 10 March 2012.