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Finding clients for other Accountants

I am able to find clients for Accountants regularly and pass on for a commission. Am I in foul of...

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Hey there,

I am able to find clients for Accountants regularly and pass on for a commission. I have a non-practising membership with ACCA. Am I in foul of ACCA's code of conduct in taking commission for this type of activity without a practising cert?

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By pauld
16th Sep 2021 15:42

Are you touting for more work?

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Replying to pauld:
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By readingaccountant
20th Sep 2021 15:58

Usually, ha! But not on this occasion.

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Stepurhan
By stepurhan
16th Sep 2021 15:53

Have you tried asking ACCA themselves? They will be able to confirm if you are allowed to undertake that activity or not.

A bit of a peculiar thing for an ACCA trained accountant to be doing though. Any particular reason why you are doing that instead of getting a practising certificate yourself or taking employment with a firm?

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Replying to stepurhan:
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By bernard michael
16th Sep 2021 16:40

stepurhan wrote:

Have you tried asking ACCA themselves? They will be able to confirm if you are allowed to undertake that activity or not.

A bit of a peculiar thing for an ACCA trained accountant to be doing though. Any particular reason why you are doing that instead of getting a practising certificate yourself or taking employment with a firm?


Depends how big the commission is
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Replying to stepurhan:
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By readingaccountant
20th Sep 2021 16:03

I will do this. I think maybe better from the horse's mouth.

Re an ACCA trained accountant doing this type of thing, true. But there is a strength in learning how to sell these types of services, and as I get better at it, the bigger the opportunity becomes. For me, it's a side gig as I am employed in industry, and I'm kinda blocked from practice as practice owners don't really seem to want to start an accountant who has spent most of their career in industry. This said, it's my only way to tap into the world of practice - for now...

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By David Ex
16th Sep 2021 18:11

Handy 327 page Code of ethics and conduct

https://www.accaglobal.com/content/dam/ACCA_Global/Members/Doc/rule/ethi...

I suspect the devil is, as usual, in the detail of what you do and how you do it. Presume you disclose your commission?

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Replying to David Ex:
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By readingaccountant
20th Sep 2021 16:08

Thanks for the handbook, I'll take a look. I guess I need to get the detailed advice on this... otherwise I may be uncompliant, and risk jeopardising my membership, which is the last thing I want to do.

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By I'msorryIhaven'taclue
16th Sep 2021 20:35

Signing up clients is easy as pie. The difficult part is living up to the pocketful of promises you may have issued. And if you've been lazy enough to appoint a third party to negotiate fundamental terms on your behalf, then more fool you!

The inevitable disparity will not bring you happiness.

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Replying to I'msorryIhaven'taclue:
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By readingaccountant
20th Sep 2021 16:13

I quote for standard stuff based on client pricing matrices. In this way, I don't promise different to what will be delivered. I never quote for more complex stuff, I simply refer this on as/when it comes up. I mostly get standard, quotable stuff coming through my channels, so no issue.

Glad to hear you have an easy process for onboarding clients. Out of interest, what is you most successful channels? Networking groups, buying blocks of fees?

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By Hugo Fair
20th Sep 2021 16:51

Did you see this other post yesterday https://www.accountingweb.co.uk/any-answers/setting-up-referral-fees-wit...
Not identical, but some of the responses may be useful to you.

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