Article Abstract:
The Institute of Chartered Accountants in England and Wales is contemplating on giving specialist, post-qualification examinations to its members. The idea of specialist qualifications is being pushed by the Institute's Tax Faculty so as to could improve its technical core, gaining greater recognition within the field of tax accounting and in Europe, and make chartered accountants who specialize in tax matters more identifiable. TheInstitute's other faculties are also expressing their interest in the idea. The Tax Faculty and the Institute's Education and Training Directorate are conducting consultations to members to find out if they support specialist qualifications.
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Article Abstract:
The Accounting Standards Committee (ASC) of the Institute of Chartered Accountants in England and Wales has been asked to review the process of setting accounting standards. The committee is chaired by Sir Ronald Dearing, former head of Britain's Post Office. Recommendations for conducting the work of the ASC are given. These include paying staff members for committee work, limiting the number of subjects addressed by the committee, limiting the number of accounting regulations published each year, and ensuring that the regulations issued by the ASC by internally are consistent and intellectually rigorous.
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Article Abstract:
Six questions are listed for students who plan to take the certification examination for Chartered Accountant in England and Wales. These practice questions are intended to emulate the exam administered by the Institute of Chartered Accountants in England and Wales. The questions demand knowledge of accounting standards, corporate law, current issues in accounting, and proper preparation of corporate financial statements. Answers to the questions are not provided.
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