Desecration of Chartered status

I have group of friends from University who've gone into a variety of "professions" such as chartered accountant, solicitors, doctors, IT consultants, engineers and vets.

Talking to a solicitor friend recently I asked "knowing then what you know now would you still go into law". The answer was emphatically no! Because the rewards do not match the risks and efforts required.

A friend who is an IT consultant (albeit a very good one) earns £1,500 a day does not pay membership fees, does not pay PII, has no governing body, did not have to study professional qualifications, does not need to do CPD.

As a Chartered Accountant the reward is simply not commensurate to the responsibilities and the associated risks. The term Chartered has been diluted to mean any old cra*. At Christmas I returned to the village where I grew to visit family. I bumped into the mother of an old friend, when I asked what her daughter was doing she said she was a Chartered Accountant. Who did she train with? I asked. South Hampton Council was the answer. Really, I wasn't aware you can train with a council?On no she's a CIPFA. Says it all.

Despite only ICAEW and ICAS being entitled to use the Chartered designation it seems everybody uses the term now. The problem is not limited to dubious accountancy bodies fraudulently using the Chartered term but the general over use of the term Chartered.  The Chartered institute of marketing? the Chartered institute of environemental health? What next the chartered institute of toilet cleaners? Add to this the fact "accountant" in the UK is an unprotected term makes an absolute nonsense of the profession.

The profession (and I use the term very loosely) is not in a good place and needs a major overhaul to protect itself and to move forward into a global era.

Comments
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youre wrong but i agree

carnmores |
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fundamental issues

mr. mischief |
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mr mischief

carnmores |
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I can't believe I'm even

Anne.Onymous |
Anne.Onymous's picture

ACCA are the same

Ken Howard |

Totally agree the last post

mr. mischief |
mr. mischief's picture

The advent of computer

bernard michael |

yes the ICAEW only were interested

carnmores |
carnmores's picture

CIMA

tom123 |

@Tom123

neileg |

*

adam.arca |

As A CIMA man

Glennzy |
Glennzy's picture

Cheer up ....

Steve Holloway |
Steve Holloway's picture

Deleted by

Time for change |
Time for change's picture

Human nature

Anne.Onymous |
Anne.Onymous's picture

Adam Smith's "Wealth of Nations" wud disagree with 'protected'!

dstickl |

Desecration?

ShirleyM |
ShirleyM's picture

We are not that special

Paul Scholes |
Paul Scholes's picture

Pretty much the end of the subject ....

Steve Holloway |
Steve Holloway's picture

waste of time?

busacrun |

The qualification only means anything if...

Steve McQueen |
Steve McQueen's picture

I wonder how the various

bernard michael |

The grass isn't always greener on the other side

ShirleyM |
ShirleyM's picture

@busacrum

Paul Scholes |
Paul Scholes's picture

Want some fish

Kent accountant |
Kent accountant's picture

Celebrate diversity of the profession.

tom123 |

Desecration

George Attazder |
George Attazder's picture

Age matters

New Year |

practical effect?

Red Leader |
Red Leader's picture

Some websites say "xxxx qualified as a chartered accountant in

Ken Howard |

That's basically what I reply

alattax |

Good client Q: "Have you ever been sued, why and what happened?"

dstickl |

@Red Leader

Paul Scholes |
Paul Scholes's picture

Client Perspective

FirstTab |
FirstTab's picture

@firsttab....not

justsotax |

Doctors, dentists, architects, solicitors

Anne.Onymous |
Anne.Onymous's picture

Here we go again!

ShirleyM |
ShirleyM's picture

Protection

New Year |

I suppose if we are going to 'protect'

justsotax |

Misleading isn't it though?

The Black Knight |

Reinstating ICAEW Membership

chatman |

Proud ACCA member!

lauradalton |

I'm an ACCA from before we

pedant |
pedant's picture

Excellent point justsotax

dwgw |

Prior to 1903?

The Black Knight |

ICPA?!

duncanphilpstate |

Learn about your chosen profession

fordco |
fordco's picture

prejudice exists

bakerwe3 |

Desecration of Chartered status

Africa-online |

Regulation of the Profession

Paul Scholes |
Paul Scholes's picture