I'm sure I knew this at one point, but my memory fails me...
How many partners (by ICAEW standards) need to be Chartered in order for a firm to be Chartered Accountants? For example, 2 partners in a firm, 1 chartered and one in the IFA - could the firm call itself Chartered?
If anyone has a link to the relevent part of the ICAEW website I'd be grateful.
Thanks, as ever, for your help,
WS
Replies (3)
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50% needed
According to the linked helpsheet below 50% of the partners, or for Limited companies 50% of the directors and shareholders need to be Chartered for the firm to be allowed to call itself Chartered.
http://www.icaew.com/Use_of_the_description_chartered_accountant/pdf
50+% of shares in a company
In a company what is needed is that more than 50% of the shares are owned by chartered accountants and at least 50% of the directors are chartered accountants.