News from Accountancy Age

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Worldwide membership of ACCA has overtaken the ICAEW for the first time.

The latest survey of accountancy by the Professional Oversight Board reveals that ACCA had 137,233 members worldwide in 2009, up from 131,398 a year earlier. The ICAEW saw member numbers increase to 134,698 from 132,411.

Compound annual growth across the six main institutes was 3.4% between 2004 and 2009.

The ICAEW's growth during that period was 1.2%, ACCA grew 5.6% and CIMA 4.2%. ICAS' compound growth was 2.8% across the period, while CIPFA grew 0.4%.

UK membership for the ICAEW grew 1.5% to 2009 (114,468) from a year earlier, while ACCA climbed 1.9% over the year to 68,907.

Read more: http://www.accountancyage.com/accountancyage/news/2265969/acca-membership-overtakes-icaew#ixzz10qB1RVns