BNET Business Dictionary

Business Definition for: Accountancy Profession

  • collectively, the professional bodies of accountants that establish and regulate training entry standards and professional examinations, as well as ethical and technical rules and guidelines. These bodies are organized on national and international levels.

Additional Resources

Shred or dead? The fall of Enron has shaken public faith in the accountancy profession. David Allen considers what accountants can learn from the affair and asks how far they are responsible for share prices
Over recent weeks the accountancy profession has attracted much unwelcome publicity following the spectacular collapse of Enron. Some myths have been shattered and weaknesses have been exposed, but what lessons are there for management accountants?
Tags: accountancy, Enron Corp.
Research articles 2002-04-01
Strenthening the foundations
With confidence in the accountancy profession dipping to what may be an all-time low following events surrounding the Enron scandal, Accountancy Age has embarked on the task of laying out a 10-point plan for restoring faith in the profession. It was clearWith confidence in the accountancy profession dipping to what...
Tags: accountancy, Enron Corp.
Research articles 2002-01-31
A message from the President of the Institute of Chartered Accountants in England and Wales. (Roger H. Lawson)
The planned merger of the Institute of Chartered Accountants in England and Wales and the Chartered Institute of Management Accountants will bring benefits both to the two organisations and to the accountancy profession as a whole. Many members of the orgThe planned merger of the Institute of Chartered Accountants in...
Tags: accountancy, Lawson Software Inc.
Research articles 1995-05-01
FEE seeks views on risk reporting.(FIRST IN ...)(Federation des Experts Comptables Europeens)(Brief Article)
The accountancy profession's European representative is urging businesses to engage in a "robust debate" as the European Commission prepares to introduce new requirements on the reporting of risk management and internal control as part of i The accountancy profession's European representative is urging businesses to...
Tags: European Commission, risk management
Research articles 2005-06-01
Cadbury Report
Cadbury Report The report of the committee set up in May 1991 by the Financial Reporting Council, the London Stock Exchange, and the accountancy profession, under the chairmanship of Sir Adrian Cadbury, to consider the financial aspects of corp Cadbury...
Tags: Cadbury Schweppes Plc., financial
Research articles 1999-01-01
LLPs and JSCs now available to CAs in Quebec
The Quebec government recently approved the Quebec Ordre's Regulation respecting the practice of the chartered accountancy profession within a partnership or a joint-stock company. The new regulation allows CAs to form an association with lawyers, notarieThe Quebec government recently approved the Quebec Ordre's Regulation respecting the practice of the chartered...
Tags: Computer Associates International Inc.
Research articles 2003-05-01
SEC issues tough warning to accountants.
The highest-ranking enforcement official at the Securities and Exchange Commission on Thursday issued a chilling warning to the accountancy profession that entire firms faced lawsuits unless they co-operated better with investigations.Stephen Cutler, The highest-ranking enforcement official at the Securities and Exchange Commission on Thursday issued...
Tags: SEC
Research articles 2002-12-13
Nader-led watchdog group seeks to restore profession. (Top of the news: the complete chronicle of news and trends shaping the profession)
WASHINGTON -- Consumer activist Ralph Nader has joined forces with a group of accountancy educators to form a new public interest group that will push for the abolition of the Financial Accounting Standards Board, and direct federal standards setting for the industry. The new Association for Integrity in...
Tags: accounting, FINANCE, SEC, watchdog
Research articles 2003-04-07
inbox: letters to the editor
Rededicating the Profession to the Public Trust Congratulations for publishing Arthur R. Wyatt's insightful analysis of the history of the accountancy profession over the past 40 years and his expression of concern for the future (In Focus, "Accountants' Responsibilities and Morality," March 2004). Wyatt is absolutely right in concluding "The...
Tags: accountant, accounting, FINANCE, Government, Regulations, Sarbanes-Oxley, U.S. Congress
Research articles 2004-05-01
Professional Issues Updates Roadshow gives insight on hot issues in the profession: 4 hours of FREE CPE for members
This is your opportunity to discuss the latest issues impacting the profession. Find out what Congress and the Ohio Legislature are up to and how Ohio's new budget could impact the CPA profession. How does the mark-to-market debate and changes to the financial regulatory scheme stand to impact...
Tags: Holiday Inn
Research articles 2009-05-01
Court rejects E&Y inquiry appeal.
Ernst & Young (E&Y) suffered a setback Tuesday when the High Court threw out its appeal to delay a disciplinary investigation into the firm's auditing of Equitable Life, the beleaguered insurer.The accountancy firm is being sued by Equitable for pound sterling2.6bn ([euro]4.1bn) and asked the High...
Tags: Ernst & Young LLP
Research articles 2002-10-16
One Set of International Standards Important for Economic Growth: World Accountancy Leaders
Convergence to a single set of international standards is a key to economic development, according to a survey of worldwide leaders of the accounting profession conducted by the International Federation of Accountants. AICPA Chairman of the Board Randy FlConvergence to a single set of international standards is a key to...
Tags: accountancy, AICPA
Research articles 2008-01-01
Independence days.
Well-publicised scandals have brought the issue of audit integrity to the fore but, warns Katherine Bagshaw, UK accountants will lose variety, money and status if the profession has to conform to US or European norms There are many reasons why the accountancy profession...
Tags: accountancy, accountant, audit, Europe, FINANCE, SEC, Taxes, U.K.
Research articles 2000-09-01
Independence days
Well-publicised scandals have brought the issue of audit integrity to the fore but, warns Katherine Bagshaw, UK accountants will lose variety, money and status if the profession has to conform to US or European norms There are many reasons why the accountancy profession in the UK must...
Tags: accountancy, accountant, audit, Europe, FINANCE, SEC, tax, U.K.
Research articles 2000-09-01
Independence days
Well-publicised scandals have brought the issue of audit integrity to the fore but, warns Katherine Bagshaw, UK accountants will lose variety, money and status if the profession has to conform to US or European norms There are many reasons why the accountancy profession in the UK must ensure that...
Tags: accountancy, accountant, audit, Europe, FINANCE, SEC, Taxes, U.K.
Research articles 2000-09-01
How the WTO will affect the valuation profession
Earlier this year, the World Trade Organization WTO consulted a limited number of international professional service organizations as to whether or not the disciplines designed to promote freer trade in accountancy would be appropriate in their professions. In 1998, the Department of Foreign Affairs and International Trade DFAIT consulted the...
Tags: valuation, World Trade Organization
Research articles 2003-04-01
Facing the WTO challenge
WHILE still relatively young in Malaysia, the accountancy profession has
Tags: World Trade Organization
Research articles 2002-03-01
O2: oxygen of publicity: the accountancy profession has been the subject of especially intense public scrutiny over the past 12 months—for all the wrong reasons. Ruth Prickett delivers her financial review of the year and asks the experts what the pr
It's hard to think of any industry which could argue convincingly that the past year has been the best of times--in fact, many could complain that it's been the worst of times. One thing that 2002 has not been, however, is dull.
Tags: accountancy, financial, O2 Plc., oxygen
Research articles 2002-12-01
CA charter
ACCOUNTANCY PROFESSION UNVEILS EMPOWERMENT CHARTER
Tags: Computer Associates International Inc.
Research articles 2008-03-01
new FCAs, The
The Institute of Chartered Accountants of British Columbia this year honoured nine members with Fellowship. Members are nominated by peers and elected to Fellowship by Council for outstanding contributions to the Chartered Accountancy profession, to the community, and to the Institute. The newly elected Fellows are: * Frank Barr, FCA,...
Tags: accountant, board, Canada, Computer Associates International Inc., Deloitte LLP, director, FINANCE, Government, president, RICHARD, Taxes, Vancouver
Research articles 2001-02-01
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