Why Using a Chartered Accountant is Such a Good Idea

Why Using a Chartered Accountant is Such a Good Idea

Everyone should make sure that their business is in safe and secure hands by making good use of a professional organisation who can expertly advise an...

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Everyone should make sure that their business is in safe and secure hands by making good use of a professional organisation who can expertly advise and guide you on all of the ins and outs of the financial world.

There is nothing putting a stop to anybody out there setting up a company of accountants, and there are some respectable unqualified accountants, but in nearly all people’s experiences, they are definitely few and far between. You can naturally remove any risk by using a firm of experienced and skilled chartered accountants, where you can be fully assured that their background speaks for itself:

  1. Any certified accountant will have undergone a required minimum of three years of training, during which there are some exams and practical experience in a registered training office.
  2. There is also following at least two years post qualification training period required before a practising certificate will be considered and issued.

By simply contacting and using a firm such as Barrett and Partners, you will be rest assured that you are doing business with a fully trained and experienced accounting professional.

History of Chartered Accountancy

Anyone who is a chartered accountant, will have qualified for membership of what is called their “home institute”. Home institute is a shared term for various individuals of accounting institutes spread around the English and Non-English speaking world in nations such as:

  • Australia
  • Bangladesh
  • Bermuda
  • Canada
  • Czech Republic
  • European Union
  • India
  • Ireland
  • Nepal
  • New Zealand
  • Pakistan
  • Singapore
  • South Africa
  • Sri Lanka
  • Dubai
  • United Kingdom

The term “chartered” goes way back to the 19th century when Queen Victoria granted royal charters to this line of employment which required academic or practical training over 150 years ago.

A thorough process of guidance is carried out for any accountant to hold the title of a chartered accountant. Due to what is involved in obtaining this title, the classification of the term chartered accountant is today a world standard for specialist conduct and expertise in the accounting world.

After being admitted to the home institute, chartered accountants are then:

  • Required to promote the highest standards of professional conduct and ethics to remain a member.
  • He or she will have to keep updated on all global developments in the arenas of commerce and finance, and especially changes in legislation or taxation which are introduced by different governments.

For Those Out There Looking at Starting a New Business

If you’re considering starting up your own company for the very first time, you may not know about the possible setbacks of using an unqualified accountant.

And if you are thinking about making use of a renowned chartered accountant, it’s still in your very best interests to do an online search to guarantee that you will be dealing with the real deal.

Just type the firm’s name into a good search engine with the word “scam” afterwards and see if anything comes up.

 

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