Awareness drive needed to promote qualified accountants

by Saffron Johnson

30 Jul 2010

  • Comments

Accounting firm representatives have called for the government and industry bodies to do more to promote the industry ahead of unqualified rivals.

There are no restrictions on who can operate as an accountant and clients often don’t appreciate the difference between firms which choose to operate outside the main regulatory bodies and the undercut regulated firms with qualified staff on price, they warn.

The UK200 Group has expressed concern at what it believes are an increasing number of unqualified accountants offering substandard advice. It wants to encourage the accountancy profession to do more to promote itself, and highlight the benefits of properly-qualified professionals.

“The institutes – the ACCA and the ICAEW – need to do more to promote the brand so we have a situation whereby just as most people wouldn’t use a travel agent that wasn’t ABTA regulated, they wouldn’t use an accountant that is not regulated,” said Jonathan Russell, managing partner ReesRussell and vice-president of the Uk200 Group.

The group is also demanding government action to regulate or shut down unqualified operators.

“The burden of regulation on small accountancy firms is now such that some are seriously considering whether they want to be regulated,” Russell added.

Richard Trueman, managing director of Mitchells Accountants in Chesterfield, said: “There are certain things unqualified accountants can’t do, but, at first glance, there doesn’t appear to be much difference between a qualified and unqualified accountant.”

Visitor comments

blog comments powered by Disqus

Add your comment

We won't publish your address

By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

  • Send

Charterhouse Accountants

Finance Officer

Charterhouse Accountants, Beaconsfield, Permanent, Full Time, £ Competitive




Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials


Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you



Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.


iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.