3 Reasons to Find an ICAEW Chartered Accountanthttps://hhendricks.co.uk/wp-content/uploads/2021/10/Accountant-Funny_80786577-scaled.jpeg25601713H&HendricksH&Hendricks//hhendricks.co.uk/wp-content/uploads/2019/06/HHendricks-Primary-Logo-Transparentfirstname.lastname@example.org
When trying to find an accountant to be your Trusted Advisor, it makes sense to find an ICAEW Chartered Accountant. For over 140 years they have been the go-to experts for the world’s most prestigious companies.
Did you know that a fifth of FTSE 100 CEOs are qualified Chartered Accountants and around 80% of the companies have at least one ICAEW member on their board? This is testament to the fact that ACA is internationally recognised as the premier business and finance qualification.
3 Reasons Why You Should Also Choose an ICAEW Chartered Accountant
There are many reasons why you might choose to find an ICAEW Chartered Accountant. Aside from being a hallmark of quality and professionalism, did you know that:
1. To use the description of ‘Chartered Accountant’, an accountant is required to pass 15 professional examinations and 450 practical work experience days. This must be completed with an Authorised Training Employer prior to an trainee accountant being admitted to membership to the Institute of Chartered Accountants in England and Wales (ICAEW). Whilst anyone can call themselves an ‘accountant’ (even if they haven’t undergone any formal training), it takes up to 5 years of study, exams and training before someone can call themselves a ‘Chartered Accountant’.
2. Even after someone qualifies as an ICAEW Chartered Accountant they are still required to complete Continuous Professional Development (CPD) every year to maintain their title as a Chartered Accountant. This helps to ensure that your Trusted Advisor continues to develop and refresh their expertise throughout their career, making sure that the advice that you receive is always correct and up to date.
3. All ICAEW Chartered Accountants are bound by the ICAEW Code of Ethics. This requires Chartered Accountants to demonstrate the highest standards of professional conduct and take into consideration the public interest. By working with a Chartered Accountant, you can rest assured that their work reflects the Codes five fundamental principles: Integrity, Objectivity, Professional competence and due care, Confidentiality, and Professional Behaviour. Failure for a Chartered Accountant to adhere to these principles can result in disciplinary action by the ICAEW and, depending on the seriousness of the breach, may include expulsion. This safeguard is in place to protect your interests.
How to Find a Chartered Accountant
You can find a Chartered Accountant by visiting the official ICAEW Online Directory. This online tool allows users to find ICAEW Chartered Accountants, ICAEW-licensed individuals and ICAEW licensed/accredited firms.
Why Choose H&Hendricks?
H&Hendricks LLP are a regulated member firm of the Institute of Chartered Accountants in England and Wales. Being a member firm of the ICAEW, we can proudly describe ourselves as Chartered Accountants and Business Advisors which provides added reassurance to our clients regarding our expertise and professionalism.
H&Hendricks specialise in increasing business value and predominately work with high-potential entrepreneurial businesses with a turnover up to £50m. We work alongside our clients to implement powerful value creation strategies that transform companies in the ways that matter most to their value.
We’re also pretty good at the compliance stuff as well.