ACCA - The global body for professional accountants

ACCA Global Forum calls for more government departments to focus on small businesses

The Global Forum's agenda outlines the challenge facing the G20 in these areas, saying that SMEs around the world need - but are not receiving $4 trillion in financing - and that official ‘SME’ or ‘enterprise’ policy forms only a small part of the actual policies relevant to the development of SMEs …

Global 15 Jun 2012

Sharman Inquiry calls for new roles for auditors and audit committees on going concern

ACCA today welcomes the long-awaited recommendations of the Sharman Inquiry, prepared for the Financial Reporting Council (FRC) …

Global 13 Jun 2012

Financial know-how helps small businesses get loans, says biggest-ever survey of SME access to finance

Small businesses applying for new funding are more likely to be successful if they have financially trained staff in charge of their finances, the latest edition of the quarterly SME Finance Monitor, produced by independent researchers BDRC Continental has revealed…

United Kingdom 7 Jun 2012

Accountants for Business in Africa: Supporting Growth, Shaping the Future

Economic growth and business opportunities and challenges faced in Africa and globally will be the central theme of ACCA’s (the Association of Chartered Certified Accountants) Council meeting, to be held in Nairobi in June 2012…

Global 7 Jun 2012

ACCA reviews 2011/12 performance

ACCA has announced a significant rise in new student numbers and online service customer satisfaction at the end of its 2011/12 operating year …

Global 1 Jun 2012

Increased diversity and social mobility will enhance business performance

A career in accountancy can enhance both economic status and social mobility, says ACCA today in response to Alan Milburn’s review of social mobility for the Coalition government’s Fair Access to Professional Careers…

United Kingdom 30 May 2012

Integrating material sustainability information into corporate reports should be a key and critical outcome of Rio +20, urges ACCA

Corporate reporting needs to be brought into the 21st century by integrating material sustainability information into corporate reports, asserts ACCA today ahead of the United Nations Conference on Sustainable Development, which will take place in Rio, Brazil in mid June 2012…

Global 29 May 2012

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
Global 16 May 2012