2015-16 was the second year of delivering ACCA’s Strategy to 2020 and I'm proud that in 12 short months, we have made huge strides forward. I hope this report shows how we have continued to think ahead and lead the profession as only ACCA can.
It has been an immense honour to serve ACCA’s members and students around the world as your President – and meet so many of you and those who support you in your ambitions, from approved employers to learning providers.
A personal highlight of my presidential year has been to welcome so many new members to the ACCA family. Speaking at new member ceremonies always fills me with enormous pride and reminds me just how much my life was changed by ACCA. To see people get the same exciting chance to shine fills me with hope for the future.
Our developments in 2015–16 reflected closely our values – accountability, diversity, integrity, innovation and opportunity. As a member, I’ve always been proud of how ACCA continues to innovate – from the development of computer-based exams, to the alliances and partnerships we forge.
Fulfilling our brand promise of opportunity means we need to be at the forefront of anticipating change and making sure the ACCA Qualification is valued and in demand across the world – that its development is informed by the freshest and broadest thinking and underpinned by rigorous research.
'A personal highlight of my presidential year has been to welcome so many new members to the ACCA family'
As part of this vital ongoing work, I was delighted to see the launch of our flagship report on the future challenges and opportunities facing the accountancy profession. Two years in the making, Professional Accountants – the future sought, analysed and interpreted the views of 2,000 professional accountants and 300 leaders in every sector and industry, across 19 countries.
'Professional Accountants – the future is the largest and most comprehensive survey of the profession we’ve ever undertaken'
The findings of this – the largest and most comprehensive survey of the profession we’ve ever undertaken – have fed into the developments we made to the ACCA Qualification this year. The picture it paints of the future – one where ACCA members have the opportunity to be even stronger and more strategic partners and advisers to business – is hugely exciting.
The research showed that the technical and ethical competencies at the heart of the qualification remain core to the profession. It’s clear that business and society expect professional accountants to provide high-quality informed insight underpinned by integrity and professional scepticism.
Our commitment to advance the science of accountancy globally has also seen us refresh and reinvigorate our Professional Insights work, to make it even more relevant to our members and the challenges the profession faces on a daily basis. And we should never forget that ACCA also makes a significant contribution to building the accountancy profession and supporting economic growth in emerging economies.
I am very proud that ACCA was awarded one of the first development projects by the International Federation of Accountants (IFAC), funded by the UK Department for International Development. This project is already underway to support the development of the national body in Rwanda. In addition, we are also working with the Afghanistan Ministry of Finance to increase the capacity of the national profession, alongside learning providers, the government and employers.
I believe the future of accountancy has never been more exciting. We should together celebrate the news that modern business demands far more from its finance team. As a body, Council and I are extremely proud of how ACCA is shaping and leading the profession globally. We believe we are well on track to continue to deliver future professionals who are in high demand – members who can feel pride in using ACCA after their name as much as we all do.
Datuk Alexandra Chin JP President