Mark Lee outlines the five fundamental ethical principles that form part of the membership handbooks for CCAB bodies and looks at how easy they are to apply in practice.
Many people assume that all accountants are alike. It often comes as a surprise when they learn that accountants may belong to one of a number of professional accountancy or tax bodies, or may have no professional qualifications at all.
There’s a fair bit of snobbery around, with some qualified accountants arguing that their qualification is better than another and many qualifieds arguing that simply having a professional qualification makes for a better accountant as compared with those who are qualified through experience. This debate has been the subject of plenty of threads on AccountingWEB over the years.
I’d like to consider this from a different perspective - that of compliance with the common set of fundamental principles adopted by the CCAB Accountancy bodies.
About Mark Lee
Mark Lee works almost exclusively with savvy sole practitioners who want more out of their practice. More clients, more money, more time, more satisfaction - or everything!
An accountant by profession, Mark moved away from the provision of professional advice in 2006. He is now a professional speaker, mentor, facilitator, author and debunker.
Mark Lee is a realist and regularly debunks myths and hype related to his areas of interest and expertise. His keynote talk for audiences of accountants is How to STAND OUT and be more than 'just another accountant'.
Mark is passionate about helping accountants generally so is a keen blogger and commentator in the accounting and tax press. He is consultant practice editor of AccountingWEB and has written hudnreds of articles here that have been viewed over a million times.
Check out how he could help you here: www.BookMarkLee.co.uk/savvy
Mark stopped giving tax advice himself despite being a past Chairman of the Chartered Accountants’ Tax Faculty. He is however Chairman of the Tax Advice Network - the UK's highest ranked lead generation website for tax advisers and accountants. The network also publishes a weekly practical tax update for accountants in general practice and full tax support, on demand too. You can also use it as a lead generation resource for local people seeking tax advice from an accountant.