ACCA has announced that in 1999 it recruited 46,000 new students increasing its student population to 165,000. However, the number of students passing the final exams in the December 1999 diet was only  3919. the total for 1999 is expected to be around 8,000. So please do some arithmetic.

• How long before a student finally passes the exams? Fifteen years or more - any takers!
• What income does ACCA derive from students? 1998 accounts showed it to be £10,000 per day. Nice little earner!
• With huge annual surplus from students does ACCA have any moral justification for charging the present rates of registration and exam fees?

It has also not stated that 70% of all its students are from outside the UK. But ACCA is run on a colonial model where all control rests in London. Is this an appropriate structure? Students have no direct representation on council. So who listens to their concerns?