Integrated report sets out how ACCA creates public value
Tuesday, 15 October 2013 00:07
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The Association of Chartered Certified Accountants (ACCA) Annual Report for 2012/13 has been published for the second year using the draft framework issued by the International Integrated Reporting Council (IIRC).
The framework is centred on the material information about an organisations strategy, governance, performance and prospects that reflect the commercial, social and environmental context within which the organisation operates.
The report has a focus on ACCA’s long-term value creation process. It provides readers with a succinct and comprehensive view of how ACCA created value through its strategy over the past year, as well as showing how it intends to do so in the future.
Helen Brand, Chief Executive of ACCA, commented: “IR attempts to answer the question: What value is being created by the organisation? Through ACCA’s IR, we are identifying and communicating the value of ACCA as an organisation and through our members. Following feedback from our stakeholders, we have made this year’s IR more concise, while improving the quality of disclosure. We have paid more attention to reporting on our business model, our risks and our view of the future outlook for the profession and for ACCA.”
In the IR, ACCA sets out its business model as being to develop a global supply of professionally qualified accountants who are trained and regulated to the same high standard around the world. ACCA also reports on its strategic and financial performance, and how it employs a range of capitals to create value, with commentary on risk management and the strategic outlook.
Brand concludes: “We have continued to deliver tangible results towards our 2015 strategy to be the leading global professional accountancy body. With an eye firmly on the challenges and opportunities for the future, planning is already underway for our strategic plan beyond 2015, with a clear objective to continue to bring value as the best recognised global body in our sector. Underlying this performance remains our commitment to creating public value – developing complete finance professionals for the world who are in demand by employers and respected by the wider public.”
