In normal circumstances, the Association of Chartered Certified Accountants is not a body that make waves. However, as the debate heats up about the future shape of the global regulatory structure, the normally staid ACCA has stuck its head above the parapet in relation to credit rating agencies.
Most notably, when Charles McCreevy, European financial commissioner, delivered a tough speech this month calling for more regulatory oversight of these agencies, the ACCA cheered.
