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Practising in public

Article Abstract:

A public practitioner personally and directly provides accounting services to thepublic as an individual principal, or as an accountancy partner or a director of a firm providing services to the public. Unemployed accountants, usually victims of the recession, may find public practice a lucrative alternative. Members of the Institute of Chartered Accountants in England and Wales (ICAEW) admitted after Jan 1, 1974 wishing to set up public practice must initially establish their entitlement to practice by completing a 24-month approved practical experience in a training office and by following continuing professional education guidelines during the period. Then, application for a practicing certificate must be filed to the Practising Certificate Sub-Committee of ICAEW. Members who are uncertain if their operations make up public practice may consult the Chartered Accountants Advisory Service on Ethics.

Practice, Accountants

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Time for change

Article Abstract:

The Joint Disciplinary Scheme (JDS) established by the Institute of Chartered Accountants in England and Wales, the Institute of Chartered Accountants of Scotland and the Association of Certified Chartered Accountants is set to undergo major reforms. The reforms, which are subject to the concurrence of the members of all three organizations, include proposed changes in the JDS's structure, investigation procedures and disciplinary powers. The reforms have been prompted by longstanding criticisms that the JDS undertakes its investigations into serious complaints filed against accounting firms in a needlessly cumbersome and often ineffective manner.

Discipline, Institute of Chartered Accountants in England and Wales, Accounting firms, Accounting services, Institute of Chartered Accountants of Scotland

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