Business Advice Chartered Accountants
Business Advice Chartered Accountants

Chartered - How does this benefit you?

The word "Chartered" is important. Remember the old saying "You get what you pay for" so it is important you understand what you are (or are not) getting for your money.

 

Chartered
Accountant

Ordinary
Accountant

Mandatory continuing education requirements

yes

no

Subject to a Code of Ethics

yes

no

Subject to independent practice / quality reviews

yes

no

Professional Insurance cover mandatory

yes

no

Membership of the Institute compulsory

yes

no

Ability to call on the Institutes resources

yes

no

Subject to rigorous disciplinary process

yes

no

So what does that all mean and how does it benefit you?

Mandatory continuing education requirements
This ensures we stay abreast of changes and key issues within the profession and business environment. Currently this involves a minimum of 40 hours per year.

Subject to a Code of Ethics
This ensures we act professionally and in your best interests at all times and provides you with the assurance of professional integrity and performance.

Subject to independent practice / quality reviews
Every 3 to 5 years our work, systems and procedures are reviewed to ensure they meet current Institute, and best practice, requirements Professional Insurance cover mandatory You have the comfort of knowing that if this is never required, we carry sufficient insurance to cover any loss that we are held accountable for.

Membership of the Institute compulsory
This ensures that we are bound by, and must satisfy all of the Institutes requirements - (some of which are mentioned above) and a rigorous disciplinary process enforces these.

So, when you seek advice from a Chartered Accountant, you can be sure you are dealing with a business professional who is well qualified, works to a code of ethics, is up-to-date with accounting and business issues, and is committed to continuing education. Also it is not just a question of cost - value for money and "come-back" is equally important. Can you be sure of this if you deal with an ordinary (non-chartered) accountant? So if you're serious about business, talk to a Chartered Accountant.

DON'T LEAVE YOUR BUSINESS DECISIONS TO CHANCE!


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