Chartered Association Of Certified Accountants

EDM number 125 in 1993-94, proposed by Austin Mitchell on 30/11/1993.

That this House has no confidence in the Chartered Association of Certified Accountants which acts as a regulator under the Companies Act 1989, Financial Services Act 1986 and the Insolvency Act 1986 and enjoys the privileges granted to it by chartered status, but is at the same time a closed and undemocratic body with no secret ballots for elections to its Council, because the ballot papers are returned to the Secretary and counted by those with a direct interest in the outcomes and election candidates are denied the right to be present at the count or demand a recount; condemns the Association for reserving 50 per cent. of its Council seats for just 8 per cent. of the membership and disenfranchising a large number of its members by deliberately giving inadequate time for a return of the ballot papers, for not holding direct contested elections for its president, deputy president or the vice-president and for consistently failing to have its officers elected by the entire Council or even by a show of hands at the AGM, for giving its unelected officers the right to cast hundreds of votes, while denying the public any access to its Council meetings and to agenda papers or minutes; and therefore suggests that because the Chartered Association of Certified Accountants is unfit to be a regulator the Government should take immediate action to reduce its status and privileges.

This motion has been signed by a total of 40 MPs, 1 of these signatures have been withdrawn.