ACCA lends support to accountancy petition

News Article - Friday, July 18, 2008

filed under: Industry

The Association of Chartered Certified Accountants (ACCA) has thrown its weight behind a petition that demands legal protection of the term 'accountant'.

In news that may interest firms looking to install accounting software, the petition has so far attracted 4,000 signatures, reports Accountancy Magazine.

It was drawn up by Alan Shooter, a Fellow of the Institute of Chartered Accountants, to protect businesses from unqualified financial advisors.

Andrew Harding, ACCA managing director of finance and operations, tells the publication: "This is a very important issue for ACCA members and students alike."

The move has also been endorsed by the Chartered Institute of Taxation (CIOT), with its president, Nick Goulding, insisting: "The time has come to recognise the importance of obtaining professional qualifications in order to provide tax service to both business and the public."

Liberal Democrat Treasury spokesman Vince Cable recently tabled a motion in the Commons to call for the term to be legally recognised.

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