Association of Chartered Certified Accountants - History

History

ACCA traces its origin to 1904, when eight people formed the London Association of Accountants to allow more open access to the profession than was available through the accounting bodies at the time, notably the Institute of Chartered Accountants in England and Wales and the Institute of Chartered Accountants of Scotland. As of 2006, the goal of ACCA is to become the world’s largest global professional body.

Key dates in ACCA history include:

  • 1930 : London Association of Accountants successfully campaigns for the right to audit companies.
  • 1933 : London Association of Accountants renamed London Association of Certified Accountants.
  • 1939 : Corporation of Accountants (Scottish body, founded 1891) merges with London Association of Certified Accountants to become the Association of Certified and Corporate Accountants.
  • 1941 : Institution of Certified Public Accountants (founded 1903, and incorporating the Central Association of Accountants from 1933) merges with Association of Certified and Corporate Accountants.
  • 1971 : Association of Certified and Corporate Accountants renamed Association of Certified Accountants.
  • 1974 : Royal Charter Queen Elizabeth II.
  • 1974 : ACCA becomes one of six founding members of the Consultative Committee of Accountancy Bodies (CCAB).
  • 1977 : ACCA becomes a founding member of the International Federation of Accountants (IFAC).
  • 1984 : Association of Certified Accountants renamed Chartered Association of Certified Accountants.
  • 1995 : ACCA members vote at an extraordinary general meeting to rename itself Association of Chartered Public Accountants and to introduce the designation Chartered Public Accountant. The Privy Council subsequently rejected this proposal over concerns about the term "public". It did however agree that any accountancy body bearing a royal charter could use "chartered" as part of its designation.
  • 1996 : Chartered Association of Certified Accountants renamed Association of Chartered Certified Accountants. Members become entitled to use the title Chartered Certified Accountant (Designatory letters ACCA or FCCA). The Association of Authorised Public Accountants became a subsidiary of ACCA. The group earned its first Queen's Award, for Export Achievement
  • 1998 : ACCA's syllabus formed the basis of the United Nations' global accountancy curriculum titled Guideline on National Requirements for the Qualification of Professional Accountants, published in 1999. ACCA was a participant in the consultative group that devised this global Benchmark.
  • 2001 : ACCA received a Queen's Award for Enterprise in International Trade, recognising ACCA's growth and its role in 160 countries worldwide.
  • 2002 : ACCA received its second Queen's Award for Enterprise in the space of 12 months, in the Sustainable Development category. The award recognized ACCA's continuing work on social and environmental issues.
  • 2009 : ACCA members allowed to provide probate services as of 1 August under Probate Services (Approved Bodies) Order 2009 Number 1588.

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