Legally anyone can call themselves an ‘accountant’ without any training or experience.
Before becoming a Chartered Accountant and using the designatory letters ACA (Associate Chartered Accountant), members must undertake a three-year training contract with a firm authorised by the Institute of Chartered Accountants in England and Wales (ICAEW) and pass rigorous exams covering accounting, financial management, financial reporting, auditing, business strategy, tax and IT.
ICAEW members are expected to maintain high standards of ethical and professional conduct and the Institute has a framework of quality
assurance principles to help them assess and develop their own practices.
All members must comply with ICAEW’s scheme of Continuing Professional Development (CPD), ensuring that their knowledge and skills are kept up to date.
Chartered Accountants offering accountancy services to the public must have professional indemnity insurance and an internal complaints procedure.
Knowing that a Chartered Accountant have undertaken an extensive training regime and have rules to follow and a reputation to live up to means that you can rely on the advice you get from them.
Why settle for anything less when it comes to your personal and business finances?
To learn more visit www.icaew.com.