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ACCA continues global growth

The Association of Chartered Certified Accountants (ACCA) has grown by more than 7,000 members over the past year – the professional body’s highest rate of growth in half a decade. ACCA now has 122,426 members in 170 countries, which is a 6 percent rise over 2006 figures. Global student and affiliate numbers grew by 10 percent to 325,606.

ACCA chief executive Allen Blewitt commented: “We are particularly delighted by the strong growth in membership figures, which is testament to the value that accountants around the world are seeing in joining ACCA. It is remarkable to think that our members could now fill [Manchester United stadium] Old Trafford and [Liverpool Football Club stadium] Anfield together, while our members and students combined would fill the new [London-based] Wembley stadium five-times over.

“The strong student growth figures demonstrate the enduring global popularity of ACCA’s qualifications, which, being wholly portable, means young accountants can make their careers internationally as well as in their own countries of origin. Typically, 20,000 of our students and members move country each year. This is globalism in action.

“In a global market, with international standards in financial reporting and auditing being adopted throughout the world, a qualification which is based on the same exam, whether in Nuneaton, UK, or Nairobi, Kenya, leaves ACCA members best-placed to help businesses thrive. The new ACCA qualification, introduced in 2007, will give the next generation of accountants an even greater grounding in what is needed for success in business.”

The first examinations of the ACCA’s new qualification attracted a record number of students. About 156,000 students sat ACCA exams in December 2007, which included 135,000 sitting the new professional qualification. More than 6,000 new affiliates or graduates completed the exams and the highest pass rate was 81 percent for the accountant in business module. The lowest pass rate was 28 percent for advanced taxation.

Blewitt said 53 percent of students who took these examinations were women and the average age of ACCA members is 39.

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