ACCA CONDEMNED IN UK PARLIAMENT

The following motion of  'no confidence' in ACCA has been tabled by a group of MPs in the British House of Commons. It highlights the institutionalised corruption at ACCA. The points in the motion highlights that
 

One might have thought that the Association would display better standards of accountability, democracy and openness. But it lags behind. The officials are more concerned with thier petty games rather than with the long term standing of the Association.
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FULL TEXT OF EARLY DAY MOTION 685 IS AS FOLLOWS:
 

  That this House condemns the Association of Chartered Certified  Accountants for its failure to function in an open, democratic and  accountable manner by not having any of its officeholders directly  elected by its members, by using a balloting system which has been outlawed for trade unions, for permitting its President to cast 20 to 25  per cent. of all votes thus effectively appointing Council members, by  the deliberate failure of its President to answer questions at the 1999  AGM, by removing reformers from Council and failing to explain the reasons to the AGM, for failure to have any non-white person as an  officeholder even though 50 per cent. of its UK membership is  non-white, by its failure to admit the public to its Council meetings even though it acts as a regulator under the Companies Act 1989  and the Insolvency Act 1986, by the failure to publicise the outcome  of a disciplinary hearing against its Vice-President in its own in-house magazine, by threatening and silencing reformers and  pressurising their employers and by legal threats, and for its failure to disclose the £50,000 per annum spent by its officeholders on taking friends, spouses and partners on world travels, even though the Financial Reporting Standard 8 requires this should be disclosed;  and therefore considers that an ACCA which takes so little account of the public interest is unfit to be a regulatory body and urges the Government to suspend its regulatory powers and launch an independent inquiry into its affairs.