The Term "Accountant" Should it be legally protected

18 December 2007 |


The major accounting institutes in UK are gathering evidence from members in a bid to persuade the government to protect the title accountant.


In his blog, ICAEW chief executive Michael Izza said the CCAB institutes - ICAEW, ACCA, CIMA, CIPFA, and ICAS - were asking members to help back a bid to legally define the term accountant.

The CCAB bodies have long been trying to persuade the government that people without proper qualifications should not be able to call themselves accountants.

The DTI had previously said that the term 'chartered accountant' was recognised in legislation.

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In my earlier post on Professional Body, I found an interesting definition to the term.

"A professional body or professional organization, also known as a professional association or professional society, is an organization, usually non-profit, that exists to further a particular profession, to protect both the public interest and the interests of professionals. The balance between these two may be a matter of opinion. On the one hand, professional bodies may act to protect the public by maintaining and enforcing standards of training and ethics in their profession. On the other hand, they may also act like a cartel or a labor union (trade union) for the members of the profession, though this description is commonly rejected by the body concerned."

Share your thoughts on Mr. Michael Izza ideas about legally protecting the term "Accountant" and definition of professional body. The term "Chartered Accountant" is legally recognised in UK since it is accorded by Royal Charter.

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Regards,

Santosh Puthran
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