Why choose a Chartered Accountant

Why choose a Chartered Accountant photo

Legally, anyone can call themselves an accountant. However, to call yourself ‘Chartered Accountant’ you must be a member of one of the Chartered Institutes. Julian Hobbs is a Member of the Institute of Chartered Accountants of England and Wales (ICAEW).

As you would expect, membership doesn’t come easily; it involves a great deal of study and passing numerous examinations encompassing accounting, financial management, audit, business strategy, tax and IT. To continue as members of the ICAEW, accountants must maintain high standards of ethical and professional conduct. As a member firm, we follow the framework of quality assurance principles which covers laws, regulations and professional standards, client acceptance and disengagement, competence and quality control. Julian is required to undertake continuing professional development, ensuring their knowledge and skills are up to date to best meet the needs of their clients. Additionally, as members, we are governed by the Institute’s bylaws, regulations, standards and code of ethics. The firm is also subject to regular review by the ICAEW, and non-compliance can result in disciplinary action.

You can find out more about the ICAEW at www.icaew.com.

As a regulated firm, we are required by the ICAEW to have certain levels of professional indemnity cover in place in case things go wrong. We are also bound to retain your tax papers for sufficient time to assist you with meeting your regulatory obligations to HM Revenue & Customs. Also, in the unlikely event that you wish to leave us and appoint a different accountant, we are bound by the ICAEW’s regulations on handover to your new accountants to ensure a smooth transition.