ACCA’s Regulatory Board has launched its newest annual report, outlining the way it maintained oversight of the affiliation’s regulatory preparations in 2024 and what lies forward in 2025.
The report comes towards the backdrop of continued geopolitical instability, rising expectations round company governance, and rising scrutiny over sustainability reporting.
The Report on regulation 2025 summarises the actions of the Regulatory Board and its supporting Appointments, {Qualifications} and Requirements Boards.
It highlights how the board has labored to make sure that ACCA’s regulatory techniques stay “sturdy, clear and proportionate” whereas adapting to a shifting danger surroundings.
Lucy Winskell, Chair of the Regulatory Board, famous:
“This yr, the Board has paid explicit consideration to the continuing proposals concerning UK audit and company governance reform, scrutinising adjustments arising attributable to implementation of sustainability assurance reporting and evaluating the implementation of ACCA’s Digital Transformation programme the place these adjustments might impression ACCA’s regulatory preparations to make sure they continue to be sturdy.”
The report factors to a excessive stage of lay illustration on the board as a “actual differentiator and power,” serving to to make sure impartiality and ship public worth.
The Board additionally undertook a overview of its personal effectiveness on the finish of 2024, with follow-up discussions held in early 2025. Suggestions from that course of embrace extra horizon scanning linked to danger, and enhancements to inner reporting papers.
The board additionally obtained updates on employer perceptions, technique developments, and ACCA’s efficiency below its Technique to 2025.
Maggie McGhee, government director of technique and governance at ACCA, commented:
“ACCA’s world is altering at a quick tempo but it surely has all the time thrived by embracing challenges and turning them into prospects. ACCA’s function states that we’re a pressure for public good. We lead the worldwide accountancy occupation by creating alternative.”
She added:
“Our function and our values of inclusion, integrity and innovation reinforce the whole lot we stand for: who we’re, how we act, and why we exist in in the present day’s world. Sturdy and efficient governance is the inspiration on which our public worth remit is constructed.”
