What Does Chartered Accountant Mean?

16th September 2019

What Does Chartered Accountant Mean

Finding an accountant who you can trust can be a daunting task, particularly if you’re setting up a new business or have little knowledge about the world of finance. Opting for a chartered accountant can make the process quicker and easier.

Technically speaking, anyone can label themselves as an accountant - even if they lack the qualifications and licensing to back it up. This is part of the reason why choosing someone reliable and efficient can seem so tricky.

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A Chartered Accountant, however, will have a membership of either the Association of Chartered Certified Accountants or the Institute of Chartered Accountants. To attain this membership, the accountant will have had to have undergone a certain amount of work experience and passed a number of testing examinations.


What Exactly Is A Chartered Accountant And Why Should I Choose One?

Generally speaking, Chartered Accountants will have undertaken more rigorous training than regular accountants. Indeed, the process of becoming a Chartered Accountant involves the successful completion of an academic postgraduate course, as well as the completion of a special mentoring programme lasting at least three years.

A Chartered Accountant can focus on establishing accurate systems and records of financial transactions for a business or professional individual and be able to review data with a keen eye. In this way, chartered accountants are well-suited to commercial environments and are often employed within corporations, non-profit organisations, or the industrial sector as well as in Accountancy Practices.


What Are The Benefits Of Using A Chartered Accountant?

 One of the most obvious benefits of using a Chartered Accountant is the peace of mind that comes from working with someone who boasts significant financial experience and expertise, as well as the certification to show it.

If you have a particularly complicated financial situation or lack a solid understanding of the world of finance, Chartered Accountant will help you work out how to move forward. This could prove particularly useful if you own a start-up or small business, as it will free up time for you to focus on other organisational issues.

If you’re looking for an accountant to engage in public practice work, it is worth noting that accountants that specialise in this area will hold a practising certificate that declares them suitable to do so. Indeed, this certification indicates that they have met even more stringent requirements and you can rest assured that they will be able to serve you well.


Hire A Chartered Accountant Today

Are looking for Chartered Accountants in Kingston? Get in touch with David Howard today.

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