I was under the impression that in order to produce and file accounts for a client you had to have a valid practicing certficate from ICAEW, ACCA, AAT, etc? I was also under the impression that 'accountant' was a protected term in law and you could not call yourself one without the relevant qualification.
But today I have spoken to someone I am taking over from to discuss professional clearance, and it became apparent pretty quickly that they did not know what they were talking about. They do not have a website but I managed to find them on LinkedIn, where they say they are 'An accountant qualified by experience' - I can only assume they are refering to the 5 years they worked as a Finance Clerk over ten years ago before starting their practice.
Am I right or wrong? Are they practising when they shouldn't be? They have been producing accounts, CT600s, VAT returns and personal tax returns. ACCA certainly made me jump through enough hoops to get my practcising certficate, my firm registered and a relevant qualified Continuation of Practice so I am shocked to find others who aren't bothering.
If they should not be practicing what action should I be taking? If they are not qualifued should I be informing their former client and how much reliance can I place on their work being correct?
Never encountered this before so any advice is greatly appreciated.