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What is the difference between an accountant and a chartered accountant? |
I'm wondering what the difference is. There are two registered types of accountants dependent on their qaulifications A chartered Accountant is the highest and most qualified and are governed by the Institute of Chartered Accountants Certified are the next in line and are memebers of the Certified Accountancy Then there are people who call themselves accountants who can do all what the above do but do not necessarily hold all of the qualifications That is the only difference Anyone can call themselves an accountant. Only a Chartered Accountant can audit the books of a public company. Something like that. I think Chartered reflects a higher level of achievement in the profession which is recognised by the standards committee A 'chartered' accountant is a member/fellow of the Institute of Chartered Accountants in England and Wales who has passed the required examinations. Others are certified or just accountants (e.g. ACCA). All can practise as accountants in the UK, and many arts of the world. Chartered Accountants are high level trained accountants. This gives them the authority to sign off company accounts to verify there accuracy and correct representation of trading. Anyone can practise accountancy, but there is a limit to the level they can work. The other main point if you are considering this as a career is that Chartered Accountants will earn way way way more than non qualified accountants I'm the non-chartered type. Any one who wishes to claim they are an accountant may do so. However a Chartered Accountant (CA) is the title used by members of a certain professional accountancy associations in the British Commonwealth countries and Ireland. The term chartered comes from the Royal Charter granted to the world's first professional body of accountants upon their establishment in 1854. |
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