Chartered Accountants of the UK

A chartered accountant is a member of particular accounting association located in Ireland and the countries of British Columbia. The word chartered is derived from the Royal Charter, which granted the first professional association of accountants in the world upon their formation in the mid-1800s jobs in all types of finance and business. Some practice public work, others stick to private work like most in corporate accounting and the rest are government employees such as a tax accountant.

The United Kingdom does not require a person to have a specific license to practice accounting; instead, they must be a member of one of three major accounting institutes. For accountants that are certified, there is a separate association.

Each organization will only admit members once they have passed exams and been through a time of experience in relevant work. Each accounting student is required to complete fifteen exams and more that three thousand hours of relevant work.

Once they have become members, each must adhere to guidelines in ethics and acquire the appropriate experience to continue professionally. If an accountant who holds practicing certificate and demonstrates the professional ability necessary, they may become a registered auditor as well.

There are even more restrictions that apply to accountant who do bankruptcy work.