The number of ACCA bureaucrats continue to multiply. In 1999, they increased from  269 to 323. An increase of 54 or 20%. The wages bill increased from £7.8 million to £9.7 million. No doubt, the chief executive and other directors now have an empire to run to justify their high wages and perks. But what do these bureaucrats do beside occupying plush offices in city centres?

They can’t be selling the ACCA’s magazine (Accounting & Business) or generating revenues for it because ACCA members have been forced to bail it out by paying £810,000. They can’t be chasing up the debtors which increased from £4 million to £5.6 million. They can’t be dealing with members’ needs because unlike other professional bodies (e.g. CIMA) ACCA does not have an internet forum for its members. They can’t be running a library because ACCA does not have any. Its own staff uses the ICAEW’s. Members outside the UK don’t have any such facilities any way.  Perhaps, they are busy selling ACCA’s investments. During 1999, ACCA was forced to sell investments valued at more than £2.2 million to generate cash flows. Perhaps, they were busy negotiating bank overdraft which increased by £593,000

Members are told that ACCA is making investment in information technology and that this should reduce the need for staff. But they just keep multiplying.

Make ACCA management give members value for money.

VOTE AGAINST ALL SUBSCRIPTION INCREASES