In a major coup for ACCA, which has long espoused the need for change, Brockwell demanded that the body undergo a complete overhaul of its activities and services in order to maintain its future relevance.
A source explained that many of the accountancy institutes had followed separate paths and it was particularly important for the CCAB to adapt to new challenges.He emphasised, however, the ACCA had no intention to pull out of the forum but just that it should become more effective.
'ACCA is not seeking to bring about the break-up of the CCAB but it wants more co-operation,' he said.Brockwell has already asked the body to consider rotating the chairmanship of CCAB, which currently rests with the president of the English ICA, Dame Sheila Masters.
The review will be conducted by the deputy presidents of the six accountancy institutes.The move follows a dispute over the CCAB's nominations to the International Federation of Accountants.
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