The Association of Chartered Certified Accountants (ACCA) has appointed Helen Brand as its new chief executive officer effective Sept 1. Brand replaces Allen Blewitt, who returned to after being based at the association’s headquarters in London the last five years.

According to the new CEO:

• She aims to maintain ACCA’s position as the lead global accountancy body in terms of reputation and size.
• The challenge is to make sure that ACCA stay ahead and achieve its potential. This is because the Association is one of the world’s largest and fastest-growing accountancy bodies with 122,426 members and 325,606 affiliates and students in 170 countries. As at Sept 3, had 33,000 ACCA members, students and affiliates.
• The emphasis is very much on the growth in members, not growth in students. What ACCA is most concerned with is that the people who register as students become members and play a role as a full professional accountant.
• She attributed ACCA’s popularity to its ability to meet the growing global demand for accountants equipped with a common international standard. More countries are adopting the International Financial Reporting Standards IFRS, which are international accounting standards adopted by the International Accounting Standards Board (IASB). Malaysia plans full convergence with IFRS by Jan 1, 2012. The US looks set to adopt IFRS as well. (Businessweek reported last month that the US Securities and Exchange Commission would allow some companies to report under IFRS as early as 2010 and would require it of all companies by 2014.)
  One of the final pieces of the jigsaw is the US adopting the international standards.

(Source: The Edgedaily 5-9-2008

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