The Association of Chartered Certified
Accountants (ACCA) is a British –accountancy body which offers the
Chartered Certified Accountant (Designator letters ACCA or FCCA)
qualification worldwide. It is one of the world's largest and fast
growing accountancy bodies with 140000 members and 404000 affiliates and
students in 170 countries (as at April 2010). The Institutes
headquarters are in London with the principal administrative office
being based in Glasgow. In addition the ACCA has a network of nearly 80
staffed offices and other centres around the world. The ACCA is a founding member body
of the Consultative Committee of Accountancy Bodies (CCAB) and the
International Federation of Accountants (IFAC)
The term 'Chartered' in ACCA qualification refers to the Royal Charter
granted in 1974 by Her Majesty the Queen in the United Kingdom. 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.
Since Chartered Certified Accountant is a legally protected term,
individuals who describe themselves as Chartered Certified Accountants
must be members of ACCA and, if they carry out public practice
engagements, must comply with additional regulations such as holding a
practicing certificate, being insured against any possible liability claims and submitting to inspections.
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