
ACCA Publishes Regulatory Arrangements 2025 Report Emphasizing Robust Professional Oversight
The Association of Chartered Certified Accountants (ACCA) has published its comprehensive Regulatory Arrangements 2025 report, emphasizing the critical importance of maintaining “robust, transparent, and proportionate” oversight in an era of global uncertainties and evolving business challenges.
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Regulatory Board Leadership for Professional Accountants
The report highlights the significant role of ACCA’s Regulatory Board, supported by the Appointments, Qualifications and Standards Boards, in safeguarding public interest and delivering measurable public value across ACCA’s global operations.
Key Focus Areas for 2025
UK Audit and Corporate Governance Reform: The Board has maintained particular attention on ongoing proposals regarding UK audit and corporate governance reform, carefully scrutinizing implementation impacts and ensuring ACCA’s regulatory arrangements remain robust and effective.
Sustainability Assurance Implementation: Comprehensive evaluation of changes arising from sustainability assurance reporting implementation, ensuring ACCA members are equipped to meet evolving assurance requirements.
Digital Transformation Impact: Assessment of ACCA’s Digital Transformation programme impacts on regulatory arrangements, ensuring technological advancement supports rather than compromises regulatory effectiveness.
Board Effectiveness Enhancement
Following a comprehensive effectiveness review conducted at the end of 2024, the Board implemented several enhancement initiatives:
Horizon Scanning Improvements:
- Enhanced risk assessment capabilities
- Proactive identification of emerging regulatory challenges
- Strengthened early warning systems for regulatory changes
- Improved strategic planning integration
Information Quality Enhancement:
- Upgraded information systems for Board meetings
- Enhanced data analytics for decision-making
- Improved reporting mechanisms and dashboards
- Streamlined communication processes
Strategic Alignment for Professional Bodies
The Board received comprehensive briefings on ACCA’s future strategy, including:
- Employer perception analysis and feedback
- Strategic reflections on the Strategy to 2025
- Alignment of regulatory arrangements with strategic objectives
- Integration of public interest considerations in strategic planning
Public Interest Focus
Regulatory Board Chair Lucy Winskell emphasized: “This year, the Board has paid particular attention to the ongoing proposals regarding UK audit and corporate governance reform, scrutinising changes arising due to implementation of sustainability assurance reporting and evaluating the implementation of ACCA’s Digital Transformation programme where those changes could impact ACCA’s regulatory arrangements to ensure they remain robust.”
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Governance Excellence for Accounting Professionals
ACCA Executive Director Strategy and Governance Maggie McGhee highlighted: “ACCA’s world is changing at a fast pace but it has always thrived by embracing challenges and turning them into possibilities. ACCA’s purpose states that we are a force for public good. We lead the global accountancy profession by creating opportunity.”
Lay Involvement Strength
The report emphasizes ACCA’s substantial level of lay involvement as a key differentiator and strength, reinforcing impartiality and public interest oversight across all regulatory activities.
Collaborative Standards Development
In a notable collaborative effort, ACCA and Chartered Accountants Australia and New Zealand (CA ANZ) produced guidance to help practitioners understand and apply the new International Standard on Sustainability Assurance 5000 (ISSA 5000).
Future Preparedness for Professional Accountants
The regulatory arrangements report demonstrates ACCA’s commitment to maintaining world-class regulatory standards while adapting to emerging challenges in the global accounting profession.
Source: The Accountant Online – ACCA Regulatory Arrangements 2025
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