Our ACCA qualifications
Why use a qualified accountant ? What is a Certified
Accountant ? What is the Association of Chartered
Certified Accountants (ACCA)?
Would you permit somebody to carry out brain surgery
on you, without first enquiring if they were a qualified
brain surgeon. Of course not ! However, many people
do permit an accountant to deal with their tax affairs
or prepare their accounts without enquiring if the
accountant is fully qualified.
In the United Kingdom anybody can set themselves
up as an accountant. Unlike the words ‘doctor’
or ‘nurse’ or ‘solicitor’
which are words that are protected by law, the word
accountant is not protected. Somebody who practises
as an accountant may be highly qualified and experienced
– but there is no guarantee.
Somebody may be a double glazing salesman today,
but call himself an accountant tomorrow. There are
many people offering accountancy services to the public
who have varying degrees of experience and qualification
– and if they have no recognised qualifications,
their clients will have no way of knowing whether
they can rely on their expertise.
This is why it is wise to seek the services of a
Chartered Certified Accountant with a full practising
certificate. To become a Chartered Certified Accountant,
a person has to undergo several years of training,
they must pass professional examinations, and they
must meet tests of integrity and propriety. Even when
they have qualified as a Chartered Certified Accountant,
they cannot obtain a practising certificate until
they have had sufficient experience in a practising
accountant’s office. To continue in practice
they must demonstrate that they are keeping themselves
up to date by attending courses on a regular basis.
They must have adequate insurance cover to protect
their clients if they should ever make a mistake.
Their clients may complain the Association of Chartered
Certified Accountants and they are subject to a disciplinary
process to ensure that they always keep to the highest
The ACCA maintain a register on their website of
members of the ACCA who hold a practising certificate.
It is always worth checking the credentials of somebody
you wish to do business with.
There are other organisations of equal stature to
the Association of Chartered Certified Accountants
(ACCA) .They are the Institute of Chartered Accountants
in England & Wales and the Institute of Chartered
Accountants in Scotland. They share the same rigorous
approach before one of their members is issued with
a practising certificate. Accountants who are members
of these bodies will have the designatory letters
FCCA, ACCA, FCA, ACA or CA after their name.
There are other accountancy bodies of equal stature,
but who do not normally authorise their members to
engage in public practice. This would include CIPFA,
and CIMA who are also Chartered Accountancy bodies,
but whose members tend to specialise in none practising
areas, although a small number are authorised for
There are also other accountancy organisations of
varying degrees of stature. Just as anybody can describe
themselves as an accountant, any group can describe
themselves as an accountancy organisation.
There are many unqualified accountants who are skilled
and knowledgeable. Many will give a professional service.
The problem is that there is no method by which the
lay person can tell whether a person is skilled and
knowledgeable and professional other than by reliance
on the formal qualifications.
There is one word that is protected by law –
nobody may call themselves a ‘registered auditor
‘ unless they are not only a member of a recognised
professional body, (of which the Association of Chartered
Certified Accountants is one) but also have been licensed
to carry out audits of limited companies. If somebody
describes themselves as an ‘auditor’ ,
but not as a ‘registered auditor’ then
beware - because the description may not mean anything.
If you use the services of a Chartered Certified
Accountant, you can rely upon :-
- His or her integrity
- His or her absolute respect for the confidentiality
of your affairs
- His or her knowledge and expertise
- The fact that there is a regulatory body who
will ensure that standards are maintained.
- The fact that he or she must operate within a
strict framework of rules and ethics.
The ACCA on their website, www.accaglobal.com
publish the following regulation and promotional
The Association of Chartered Certified Accountants
(ACCA) is the largest global professional accountancy
body, with nearly 300,000 members and students in
ACCA's mission is to provide modern, high quality
professional opportunities to people of ability and
application, be a leader in the development of the
global accountancy profession, promote the highest
ethical and governance standards, work in the public
interest and be a leader in the knowledge-based profession
of the 21st century.
ACCA qualified accountants have completed a rigorous
programme of examinations and practical work experience
before attaining Chartered Certified Accountant status.
Members are able to develop further through continuing
professional development and the availability of a
range of further qualifications. ACCA monitors its
members to ensure that high standards are maintained
and is the only accountancy body to provide a completely
open disciplinary system which offers remedy if any
ACCA member breaches the high standards demanded.
ACCA's reputation is grounded in almost 100 years
of providing accounting and financial qualifications,
backed by a commitment to lifelong learning.
For further information, please email email@example.com
or complete our Enquiry