ACCA - The global body for professional accountants

ACCA responds to revised Financial Reporting Exposure Drafts (FREDs) 46-48 on the future of financial reporting in the UK and Ireland

ACCA, while supporting the proposals overall, believes they are, to some extent, a missed opportunity to progress further towards international convergence …

United Kingdom 28 May 2012

ACCA wants incentives to encourage more women representation on boards, but not EU-wide rigidly imposed quotas

For the global accountancy body, the fact that at present only 3% of chief executives in the largest European companies are women underlines that companies are not drawing from the full pool of skills that is available However, while some countries have achieved increases by resorting to legal quotas, a one size fits all for Europe cannot work given the specificities of each EU member States A more sustainable approach based on subsidiarity, involving encouragement rather than rigid rules is the better option The UK experience shows for example that improvements in the comply or explain-based corporate governance code has already led to a significant increase in the number of women directors appointed to listed companies John Davies explains: "We support the goal of increasing the number of women on company boards, but this aim must be pursued for the right reasons, namely to enhance the ability of company boards to make sound business decisions on behalf of their stakeholders Given the limited influence that shareholder bodies generally tend to have with company boards, it is appropriate that there be some authoritative encouragement issued to companies to recognise the potential business and governance benefits of appointing more female board members We would agree that, without some measure of this kind, the desired improvements are not likely to materialise However, any new encouragement should avoid imposing rigid requirements, either legal or regulatory, which could have the effect of undermining the ability of boards to assemble a group of people of complementary skills and experience…

Global 22 May 2012

Why experience matters: ACCA revamps its practical experience module for accountancy students

The new ‘My Experience’ has been launched by ACCA to make it easier for students to record their practical skills gained on the road to becoming a qualified accountant …

Global 14 May 2012

Investors missing from global financial reform process

Investors should be placed at the heart of global financial and accounting standards, say ACCA and Grant Thornton in a new report …

Global 3 May 2012

5-step guide to making diversity work for your business

Finance teams in business need to embrace diversity if they are to tackle modern business problems, according to a new ACCA report …

Global 2 May 2012

Facilitating access to equity finance – from trusted advisers to active intermediaries

Equity financing and venture capital are important sources of SME’s financing, and well placed to support European policies on growth and innovation…

Europe 2 May 2012

Regulatory response to high pay justified, says ACCA in government executive pay consultation response

The Government should take steps to regulate listed company executive pay, says ACCA in its response to the Department of Business, Innovation & Skills’ consultation on high pay …

Global 26 Apr 2012

Diversity depends on the right leadership, say expert panellists

Experts in London, Shanghai and Delhi convened for a series of roundtables on diversity which underlined the importance of leaders who set the tone from the top in harnessing the strengths of diversity for business growth and innovation around the world The outcome of these discussions is summarised in ‘Driving Business Performance through Diversity’ published today…

Global 26 Apr 2012

The global economy grew substantially in the first quarter of 2012, reveals global survey of accountants

The latest edition of the Global Economic Conditions Survey, conducted by ACCA and the Institute of Management Accountants (IMA) suggests that the global economy recovered substantially in early 2012 and regained some of the dynamism it had lost over the last year…

Global 24 Apr 2012

ACCA welcomes European Parliament’s step towards a single set of corporate tax rules to facilitate European businesses cross border activities

ACCA welcomes the adoption by the European Parliament of the Thyssen Report on the Common Consolidated Corporate Tax Base (CCCTB) …

Europe 19 Apr 2012
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