I meant no offense to anyone not working under supervisory bodies but the way clients come to me and explain the story shows how the so called accountants went off the radar and how easy it is for someone to become agent for a year or two, make some money and quit the business.
Apparently, most of the accountants here are more concerned with why I am concerned and how my grammar is rather than find solution to the core issue.
So ranting about bad clients and bad agent is idiotic.
And it is worse to have bad grammar than have no integrity.
I assumed people in profession would support the integrity rather than culture of corruption in the business.
Comes into mind the line -With friends like this who needs enemy?
That is also true. So what can we do ? Nothing.
It is both actually.
Ha! rant is better than tablets.
Plus, I can see now why accountancy has long way to evolve. So long...
I agree but accountants who dont have supervisory body or whose supervisory body are not stringent in implementing their policies, they can get away with dodgy practices.
HMRC will not be able to find out unless its reported by some insider or it is related to some other fraud case.
Chances are "the client" found some "accountant" to do the same work for cheaper and put all the clients demands on plate with eyes closed.
When such "accountants" can do things with impunity and such clients can go doing business as usual, its us "professional accountants" who lose despite so many years of education and work in practice.
This is my point, as some "peers" still don't understand.
Not a claim. Also not assuming qualified aren't dodgy but they can be penalised by their supervising body.
If it doesn't affect us then we are not supposed to speak up about it.
So by this logic everyone looses right to complain and speak about misdoings of big fours, HMRC, MP's and wide range of business, why bother - right?
Rules are made but not everyone follows them and they are not perfect to counter all evolving scenarios.
I am not suggesting being vigilante but if we point out surely someday someone responsible will put effort to change the rules for better.
Not all, but most of them are likely as they are not accountable to any professional body and can avoid any prosecution unless HMRC takes action against them. Speaking from experience where clients come to me with story of "accountants" being disappeared without contact.
why would anyone want to practice as accountant without having fear of professional body looking at them
Perhaps that's the case. I would love to see qualified and experienced accountants suggest solutions to the community and government - putting the interest of society and profession above individual short term benefits.
This brings the questions, which professional membership is best for potential practicing accountant?
Which body provides best support for their members?
AAT, ACCA, ICAEW, ICAI, ICAS ?
Should we go for multiple membership and PC?