You might also be interested in
Replies (6)
Please login or register to join the discussion.
"Rogue" is a bit harsh
Rogue "an unprincipled, deceitful, and unreliable person; a scoundrel or rascal"
I'm an ACCA and AAT member operating in the UK, but think it's a bit harsh to call anyone that isn't in our qualified club "rogues".
I believe that there is a case for all "accountants" to be regulated in some form in the UK, so that all practitioners at least have to have PII, maintain CPD and the the general public have some redress to a higher authority.
However, silly name-calling by leaders of professional bodies hardly advances that argument.
I'm not convinced that the ICAI article actually calls all unregulated firms "rogue". Some of the unregulated ones are certainly rogue, but not necessarily all. Rather careless reporting here to get the headline.... http://www.charteredaccountants.ie/en/General/News-and-Events/News1/2013/December/At-least-120-accountancy-firms-operate-entirely-outside-of-state-supervision---Chartered-Accountants-Ireland/
Judicious editing required
So they have no criminal records for fraud? Presumably not. A sentence break might have been a good idea here as it is only with the following item that this becomes clear. In a number of unregulated firms, the body said, those running them have no qualifications or criminal records for fraud......
I am also concerned about Mr Lenihan's statements. Whilst he is not outright saying the unregulated firms are rogue, the tone of his comments definitely indicates he considers them sub-standard in some way. This is just another extension of the qualified/unqualfied debate in which he is parrotting Orwell with "Qualified - Good. Unqualified - Bad". Whilst qualified myself, I have met some very competent unqualified over the years. To imply that unqualifieds are in some way inherently bad is slightly unprofessional.
ROGUE IRISH FIRMS
Would "rogue firms" include those who gave all the insolvent Irish banks clean audit reports before they had to be bailed out? Of course not!