Why it is In Your Best interests to Use a Chartered Accountant

You have to make certain that your business is in safe and secure hands with the use of a professional organisation to expertly advise you on all of the ins and outs of the financial world.

It is true, that there is nothing to put a halt to anyone setting up a company of accountants, and out there, there are some decent unqualified accountants, but in most people’s experiences they are certainly few and far between. You can of course remove any type of risk with the use of a firm of experienced and skilled chartered accountants. You will be assured that their background speaks for itself:

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

So, by contacting and using a firm of chartered accountants in Nottingham, you can be rest assured that you are dealing with a fully trained and experienced accountant.

Historical Background

Anybody who has become a chartered accountant, will have had to have qualified for membership of what is known as their “home institute”. Home institute is a shared term for a number of individuals collectively of accounting institutes spread throughout the English and Non-English speaking world in countries 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 phrase “chartered” has its origins back in the 19th century when Queen Victoria granted royal charters to this line of work which required academic or practical preparation over 150 years ago. A thorough process of training is undertaken for any accountant to possess the title of a chartered accountant. Because of what is involved in obtaining such a title, the classification of the term chartered accountant is nowadays a world standard for professional conduct and expertise in the accounting arena.

After admittance to the home institute, any chartered accountant will be:

  • Required to cultivate the highest standards of professional conduct and ethics so as to remain as a member.
  • He or she must keep up to date with all global developments in the field of commerce and finance, and especially any changes in legislative or taxation which have been introduced by various governments.

For anyone who is Now Considering the Start of a New Business

If you’re thinking of starting your own business for the first time, you just might not be aware of the possible drawbacks of selecting an unqualified accountant. And at the same time, if you are actively considering using a reputable chartered accountant, it’s in your best interests to run an online search to make sure that you are dealing with the real thing. Simply put the firm’s name into a search engine with the word “scam” next to it and see if anything appears.

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