Http://www.bbkca.com – Originally established in Great Britain in 1854, Chartered Accountants are the very first accountants to form a professional entity of their own. Notable examples of such entities include the Edinburgh Society of Accountants (formed 1854), the Glasgow Institute.
http://www.bbkca.com – Originally established in Great Britain in 1854, Chartered Accountants are the very first accountants to form a professional entity of their own. Notable examples of such entities include the Edinburgh Society of Accountants (formed 1854), the Glasgow Institute of Accountants and Actuaries (1854) and the Aberdeen Society of Accountants (1867), all of which were given the royal charter almost from the date of their inception.
The title of a Chartered Accountant is an internationally recognized professional designation. Now, unlike regular accountants, Chartered Accountants are not your normal bean counters. On the contrary, they are highly trained accounting professionals who provide valuable tax and business advice, with the ultimate aim of helping you to achieve your desired financial goals.
Generally, Chartered Accountants work in all fields of the business and finance sectors. Some are engaged in public practice work, while others work in the private sector, and some are even employed by governmental organizations.
Becoming a Chartered Accountant is by no means an easy feat. The route to becoming one entails spending many years in school, passing various qualifying examinations, and accumulating at least 30 months of practical experience before he/she qualifies for the Chartered Accountant designation.
On top of the rigorous academic and practical requirements needed, all Chartered Accountants are also bound by a professional code of conduct. This is very extensive and requires all Chartered Accountants to act ethically at all times, maintain strict client confidentiality, be independent and avoid situations involving a conflict of interest at all cost. Should Chartered Accountants ever breach their professional code of conduct, or fail to meet the standards of the profession, they will be disciplined and in some cases, expelled completely from the profession.
All chartered accountants belong to a Chartered Accountant Institute, which requires its members to undertake a minimum level of continued professional development in order to stay ahead of the ever-changing global business and financial scene. These institutes serve to facilitate special interest groups such as lead academic and professional thinking in the field of accountancy. Also, chartered accountant institutes provide valuable support to their members by offering advisory services, technical helplines and libraries. Opportunities for professional networking, career and business development are found in abundance within such institutes.
It is therefore evident that practicing Chartered Accountants are competent accountants that are not only highly trained, but are ethical professionals as well. With all the stringent entry requirements to the profession put in place, it is without a doubt, that Chartered Accountants definitely have the knowledge and expertise to help you or your business achieves the desired financial outcome.
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Published in: Personal Finance