ACCA (THE ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS)


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ACCA Elects Two New North American Members to the Global Accounting Body's Council

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Wednesday, November 23, 2022
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NEW YORK, Nov. 22, 2022 /PRNewswire/ -- ACCA (the Association of Chartered Certified Accountants) recently elected two new members from North America to its governing Council representing the organization's 241,000 members.

Key Points: 
  • NEW YORK, Nov. 22, 2022 /PRNewswire/ -- ACCA (the Association of Chartered Certified Accountants) recently elected two new members from North America to its governing Council representing the organization's 241,000 members.
  • Siobhan Pandya, Senior Director of Business Assurance and Excellence, Mary Kay (USA) will continue her term on Council.
  • "We are thrilled to have two more incredibly committed ACCA members from North America join ACCA's Global governing Council to contribute their experience and expertise supporting our more than 241,000 members across the world," said Jillian Couse, Head of ACCA North America.
  • "Council plays an important role in steering ACCA and leading the accounting profession into the future."

Accountants' Confidence in Q3 2022: A Story of Pessimism with a Few Bright Spots Amid Volatile Business Environment, Fears Over Inflation

Retrieved on: 
Tuesday, October 25, 2022
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NEW YORK and MONTVALE, N.J., Oct. 25, 2022 /PRNewswire/ -- The latest edition of the Global Economic Conditions Survey (GECS) from ACCA (the Association of Chartered Certified Accountants) and IMA® (Institute of Management Accountants) found confidence on the economic outlook remaining well below the median reading over the past decade due to fears over inflation and a slump in business.

Key Points: 
  • This could be the first sign of an increase in the number of organizations that may be experiencing cash-flow difficulties.
  • Taken as a whole, the series are consistent with slower global growth for the remainder of the year, coupled with inflationary pressures rising.
  • After collapsing to a record low in Q2, North American confidence recovered slightly in Q3, but it is still the second weakest reading in the survey's history.
  • Headquartered in Montvale, N.J., USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe and Middle East/India.

Technology Grows Access to Learning, Says New Research from ACCA and edX

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Tuesday, September 13, 2022
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NEW YORK, Sept. 13, 2022 /PRNewswire/ -- A new report out from ACCA (the Association of Chartered Certified Accountants) and edX, EdTech: Supercharging careers in accountancy, highlights the "anytime-anyplace" approach to learning that education technology, or edtech, makes possible. This flexibility was the most valued edtech attribute in a global survey of over 1,400 learners and educators connected to accountancy.

Key Points: 
  • This flexibility was the most valued edtech attribute in a global survey of over 1,400 learners and educators connected to accountancy.
  • The most frequently cited devices for learning were portable ones, including laptops (88%) and mobiles (e.g.
  • "The findings of the report align with ACCA's experiences as our organization continues working towards equitable global access to edtech," said Jillian Couse, head of ACCA North America.
  • And through our cutting-edge research, we lead the profession by answering today's questions and preparing for the future.

Global Economy Set for Weak Growth as Financial Professionals' Confidence Drops Sharply

Retrieved on: 
Thursday, July 14, 2022
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NEW YORK and MONTVALE, N.J., July 14, 2022 /PRNewswire/ -- Weak worldwide economic growth looks likely for the rest of 2022, according to the latest edition of the Global Economic Conditions Survey (GECS) from ACCA (the Association of Chartered Certified Accountants) and IMA® (Institute of Management Accountants). The new report indicates that economic confidence among finance professionals and accountants in North America has fallen back to levels seen during the height of the COVID-19 pandemic in 2020. 

Key Points: 
  • However, while confidence among financial professionals has dropped sharply, the global confidence level remains above the low-point reached at the height of the COVID-19 pandemic.
  • Only in North America has confidence fallen back to levels seen during the height of economic uncertainty in 2020.
  • Jamie Lyon concluded: "Risks of a global recession have increased but our central case is that growth will be positive if rather weak.
  • Nonetheless, with the exception of the COVID recession of 2020, we expect global GDP growth this year and next will be the weakest since the Global Financial Crisis of 2007-09."

Joe O'Regan, Harvard University's Director of Global Support Services wins ACCA's Advocacy Award for Europe and Americas

Retrieved on: 
Wednesday, May 4, 2022
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BOSTON, May 4, 2022 /PRNewswire/ -- Joe O'Regan, a Fellow of ACCA (the Association of Chartered Certified Accountants) and Director, Global Support Services at Harvard University has been awarded ACCA's Advocacy Award 2021 for Europe and Americas.

Key Points: 
  • BOSTON, May 4, 2022 /PRNewswire/ --Joe O'Regan, a Fellow of ACCA (the Association of Chartered Certified Accountants) and Director, Global Support Services at Harvard University has been awarded ACCA's Advocacy Award 2021 for Europe and Americas.
  • Speaking of his Advocacy Award, Joe said, "Being an ACCA advocate is extremely important to me.
  • I look forward to increasing my advocacy for ACCA for many years ahead, and encouraging new members to progress."
  • "We're delighted to honour Joe with this Advocacy Award for Europe and Americas," said Lindsay Degouve de Nuncques, director, ACCA Europe and Americas.

Accountants' Confidence Edges Higher in Q1 2022, but Cost Concerns Reach a Record High

Retrieved on: 
Tuesday, April 5, 2022
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NEW YORK and MONTVALE, N.J., April 5, 2022 /PRNewswire/ -- The latest edition of the Global Economic Conditions Survey (GECS) from ACCA (the Association of Chartered Certified Accountants) and IMA® (Institute of Management Accountants) reveals worries about operating costs, with warnings of future economic shocks and increased risks.

Key Points: 
  • In the Q1 survey, global confidence and global orders were little changed, up by four points to +9 for confidence and by two points to -3 for orders.
  • Overall, the Q1 survey continues the trend of modest overall growth through to the middle of the year, following the strong post-pandemic recovery of 2021.
  • In Q1, the Middle East was the best performing region with jumps in confidence and orders, likely a reflection of the increase in the oil price.
  • Confidence and orders fell back in North America, influenced by the effects of the spread of the Omicron COVID variant.

ACCA and IMA Find Global Economic Confidence Dip Among Global Accounting and Finance Professionals in Q4 2021

Retrieved on: 
Wednesday, January 19, 2022
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However, economic confidence among survey respondents from North America increased by 10 points.

Key Points: 
  • However, economic confidence among survey respondents from North America increased by 10 points.
  • "Supply shortages came second, the issue already having slowed economic growth in late 2021.
  • Twice named Professional Body of the Year by The Accountant/International Accounting Bulletin, IMA has a global network of about 140,000 members in 150 countries and 350 professional and student chapters.
  • Headquartered in Montvale, N.J., USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe and Middle East/India.

Finance functions need to be the agents of change in the US' business sustainability roll-out

Retrieved on: 
Wednesday, November 24, 2021
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How SMEs can create a more sustainable world details the benefits that sustainable actions have for both business success and the environment.

Key Points: 
  • How SMEs can create a more sustainable world details the benefits that sustainable actions have for both business success and the environment.
  • Acting with urgency on climate change in particular: Guidance on how to have the conversation about climate change, illustrating the need for urgent action, and explaining what is happening globally.
  • He adds, "Finance professionals are the oil that lubricates business and that's a positive thing, but also a risk.
  • Finance can hinder sustainability if we do what we commonly do, be conservative and see ourselves just as stewards of the business rather than agents of change."

ACCA and IMA Find Economic Recovery Loses Momentum in Q3 as Higher Prices and Shortages Hold Back Growth

Retrieved on: 
Tuesday, October 12, 2021
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The Middle East was the only region to record improved confidence for the six months of Q2 and Q3.

Key Points: 
  • The Middle East was the only region to record improved confidence for the six months of Q2 and Q3.
  • GECS is the largest regular economic survey of accountants and finance professionals around the world jointly carried out quarterly by IMA and ACCA.
  • However, the wider economic prospects in developed economies remain brighter than in emerging markets, where low vaccination rates continue to drag on economic recovery.
  • This is driven by higher transport and commodities costs, leading to higher inflation and weaker growth now.

As Artificial Intelligence (AI) becomes more mainstream, environmental, social and governance (ESG) considerations are a key part of ensuring responsible adoption

Retrieved on: 
Thursday, August 19, 2021
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Feedback from North American respondents also reveals:

Key Points: 
  • Feedback from North American respondents also reveals:
    A considerable 82% believe that their leaders prioritize ethics as highly as profits compared with 66% globally.
  • 70% believe that the impact of AI on overall standard of living in society is positive compared to 64% globally.
  • This aligns well to the accountancy profession which can play a key role in driving responsible adoption.'
  • The depth and breadth of their expertise helps them to see the big picture and chart the best course of action.