ACCA Pakistan

Sunday

History of ACCA

2 Comments November 8, 2009 – 9:41 am | Permalink |  Print This Post |

HISTORY

ACCA can trace its history back to 1904 when eight people formed the London Association of Accountants. This was done in order to allow more open access to the profession than was available through the existing accounting bodies at the time, notably the Institute of Chartered Accountants in England and Wales and the Institute of Chartered Accountants of Scotland. As of 2006, the goal of ACCA is to become the world’s leading global professional body by size.

A timeline of key dates in the history of ACCA and its predecessor bodies is:

* 1930 : London Association of Accountants successfully campaigns for the right to audit companies
* 1933 : London Association of Accountants renamed London Association of Certified Accountants
* 1939 : Corporation of Accountants (Scottish body, founded 1891) merges with London Association of Certified Accountants to become the Association of Certified and Corporate Accountants
* 1941 : Institution of Certified Public Accountants (founded 1903, and incorporating the Central Association of Accountants from 1933) merges with Association of Certified and Corporate Accountants
* 1971 : Association of Certified and Corporate Accountants renamed Association of Certified Accountants
* 1974 : Royal Charter received from Her Majesty the Queen.
* 1974 : ACCA becomes one of the six founding members of the Consultative Committee of Accountancy Bodies (CCAB).
* 1977 : ACCA becomes a founding member of the International Federation of Accountants (IFAC).
* 1984 : Association of Certified Accountants renamed Chartered Association of Certified Accountants
* 1995 : ACCA members vote at an extraordinary general meeting to amend the name of the body to the Association of Chartered Public Accountants and to introduce the designation Chartered Public Accountant. The Privy Council subsequently rejected this proposal as it was concerned about the inclusion of the term public. It did however agree that any accountancy body that had a royal charter could be granted the right to use chartered as part of the members’ designation.
* 1996 : Chartered Association of Certified Accountants renamed Association of Chartered Certified Accountants. Members become entitled to use the title Chartered Certified Accountant (Designatory letters ACCA or FCCA). The Association of Authorised Public Accountants becomes a subsidiary of ACCA.
* 1998 : ACCA’s syllabus formed the basis of the United Nations’ global accountancy curriculum titled Guideline on National Requirements for the Qualification of Professional Accountants published in 1999. ACCA was a participant in the consultative group, which devised this global Benchmark, and reference to ACCA’s role is included throughout the publication.
* 2001 : ACCA received a Queens Award for Enterprise in International Trade, recognising the growth of ACCA and its role in160 countries worldwide.
* 2002 : ACCA received its second Queens Award for Enterprise in the space of 12 months, honouring its continuing work on social and environmental issues with the confirmation of the Queens Award for Enterprise in the Sustainable Development category. ACCA’s first Queens Award, for Export Achievement, was presented in 1996.
* 2009 : ACCA members allowed to provide and to charge for probate services with effect from 1 August 2009 under The Probate Services (Approved Bodies) Order 2009 Number 1588.

• Make Blogging Work for Your Business pt 3 Are you ready to make blogging work for your business? If you already know the benefits associated with corporate blogging, then the next step is to put these concepts to work by creating your own corporate blog and sharing your company with the world. This is part 3 in a......
• Fat Wallet Offers Cash Back And An Online Shopping Community I'm continuing with my online shopping cash back theme by reviewing Fat Wallet. Like Ebates, Mr. Rebates and BigCrumbs, Fat Wallet provides cash back for online purchases. Fat Wallet also provides a unique shopping community to share deals and money saving tips. Cash Back Just like the other cash back......
• Player Profile: Padraig Harrington Born on the 31st of August in 1971, Padraig Harrington is the youngest of five children, and part of a large family. During his early education and career days, Harrington divided his time between amateur golfing and a career in accounting. In fact, he has passed every single exam that......
• ETrade: Free Trades for 60 Days, Get Up To $500 Cash Bonus At the heels of a $50 bonus for new TradeKing customers, ETrade has come up with their own sweet offers. I’ve actually been an ETrade customer for ages now and have been with them since they first launched. That’s way over a decade ago. At any rate, I’ve always been......
• Sign-Up for a Lending Club Account and Receive a $25 Lending Bonus Lending Club is a social lending network that connects lenders and borrowers through investing in notes. You may loan as little as $25 or as much as you want. Lending Club makes money by charging a processing fee from the borrower and a servicing fee from the lender. The......