ICAEW excludes late paying accountant over cancelled practising certificate
Confusion over an unpaid practising certificate and membership fees has resulted in a part-time accounting firm principal being excluded from the ICAEW.
Replies (19)
Please login or register to join the discussion.
'high risk' work such as bookkeeping, VAT payroll?!?!?!
As he is ICAEW I presume that it is the client type that puts the 'risk' into his work....?
I read the 'high risk' statement and laughed.
What - pray tell - is 'low risk'?
What a joke.
the timing of subscriptions doesn't change year on year, so this guy really has only got himself to blame here
ICAEW really haven't covered themselves in glory though, cancelling the practising certificate and not advising of this is P#*s Poor, how did they expect him to stop
High risk !!! £4k .Further evidence that the institutes are not interested in the small practitioner.
All those years of study wasted . Could even mean that he loses his job as I assume that he is working at the same time as trying to build up a practice.
Do have to wonder who ICAEW is interested in apart from the sizeable practices.
It’s certainly not those in industry/commerce or the small practitioner.
Glad I’m retired after 49 years continual activity.
Everyone else has said just exactly what I was about to write; what an extraordinary conclusion: routine practice work such as bookkeeping, VAT, accounts and payroll is "high-risk".
I'd love to know what work constitutes low-risk; I can't think of anything I do which is lower risk than bookkeeping. Chatting with the older clients about their grandchildren perhaps!
In 30 years of providing Accountancy services, no client has ever asked me if I am qualified! I gave up my membership of an accountancy organisation years ago as it didn't offer anything for the huge membership fee. I expect that large corporates might require evidence of qualifications, but as we have seen from some high-profile recent 'gaffs', even the largest accountancy firms can make expensive mistakes. I doubt if this ruling is going to change Mr. Ellison's life.
Helen, I would agree with you if Mr Ellison was running a full time practice but apparently he is part time which suggests to me that he is building up a practice whilst still working. Interested that you manage to practice without membership of any body. Assume that you are registered for money laundering with HMRC. What about references etc. I think of resigning everytime the renewal notice arrives but I would feel strange describing myself as an accountant if I resigned but as you say who cares.
so you would feel strange about describing yourself as an accountant the day after resigning from ICAEW....what's changed...? have you suddenly become de-skilled? (which seems to be the implication?)
You don't need to be a member of an accountancy 'body' to register for MLR - none of my clients have ever asked if I am (I'm not)
I just describe myself as "one who counts beans"
Maybe Heinz have a membership body I could join?
Dear Tosie
It was easy to register for AML. All of my clients have been referred by satisfied clients - they're the best! Proof of the pudding etc. etc.
The ICAEW are extremely poor on this front and have now acted in a pathetic manner to this poor ex member
The amount of poor audits being conducted and the big firms go unpunished (and when they do the fines are paltry in comparison to their size).
If I were one of his clients, I'd be happy to continue using him as my accountant; albeit no longer recognised by his professional body. After all , he is still an experienced acountant; simply no longer able to have letters after his name.
Experience has taught me that tardy people are very often the best when it comes to pulling you out of a bad situation. Tardiness somehow seems to go hand in hand with a certain kind of selflessness.
The accounting profession is heading for extinction while it is still burying its head in the sand. What will replace it are technicians specialising into different aspects of business and compliance but not coming under the umbrella of a "body". Already software companies are starting to assume the different roles.
Sadly, I speak as an accountant .
I think you mean that an accountant who is tardy and doesn't stick to the rules, is more likely to bend them if a client leans on him a bit.
He probably acutely understands his clients problems and may well as you put it 'bend' the rules....(albeit not break!).
But I wonder how this compares to the big four or top 50, who I have little doubt do exactly the same but for their bigger clients....indeed tax schemes are born from 'bending' the rules....
If being tardy is a crime by your definition I dare say there wouldn't be many accountants who would get into the ICAEWs club....
Again, high risk areas?! I had always considered my practice to be low risk but perhaps not!
I wait for the day ICAEW bend me over..