Ask the Accountant – Are you regulated by a professional body?

If yes; who?


A: We belong to the Association of Chartered Certified Accountants.


We must pay an annual membership fee to ACCA along with purchasing a practising certificate – this allows us to state that we are indeed chartered and have the right to run an accountancy practice.

Why is this so important?

For a start, being chartered means our clients benefit from a professionally qualified accountant who is bound by a code of ethics and professional standards. We are dealing with your personal and business finance – we must be professional, discreet and trustworthy.

By belonging to ACCA, the practice must have certain policies and procedures in place. These include having professional indemnity insurance, complaints and disciplinary procedures and we also undergo monitoring of compliance and quality reviews of our professional practice. Members of ACCA (and other regulated accountancy bodies) must comply with professional development to ensure their knowledge and skills are always relevant.

Chris is actually a Fellow (FCCA). As the Association state, “This is a major milestone as it highlights five-years’ continuous membership and compliance with ACCA’s CPD scheme. Fellowship demonstrates to employers and clients that you have extensive experience; and signifies that you’ve made a long-term commitment to professionalism and ethics”.

Did you know that unless chartered or qualified with another professional accountancy body, anyone can call themselves an accountant – even without professional training or qualifications to back it up.

What happens if something goes wrong? Not very much if they are unregulated.

Qualifications go hand in hand with experience. To qualify as chartered, an accountant must work for a breadth of different clients across a range of industries.

We have experience across several sectors both nationally and internationally. These include e-commerce, charitable, aviation, marine, generation and supply, outsourcing, local government, civil service, health and beauty, automotive, professional services, construction and IT.

All in all? You’re in good hands with C Allan & Son Accountancy Services.