What is a Chartered Accountant?
Any professional organisation that has links to a national body is subject to that body’s rules and regulations.
In the case of The Institute of Chartered Accountants of New Zealand these rules and regulations ensure that its members are fully qualified Chartered Accountants who must maintain a high level of continuing education and must operate their Chartered Accountancy Practice according to these rules and regulations.
The Institute regularly reviews the work of its members to ensure high standards are being adhered to. This is a huge safety net for all clients of all Chartered Accountants.
Another important safety net is the Institutes requirement for each of its members to maintain Professional Indemnity Insurance.
If anything does go wrong or clients are unhappy with any aspect of the service they receive there is also a professional body that can be complained to (The Institute of Chartered Accountants of New Zealand) and disciplinary action that can be taken.
Using a Chartered Accountant is your guarantee of high standards of competent and professional accountancy services.
In New Zealand, unlike many other countries, anyone can call themselves an “accountant”. There is no requirement for qualifications, ethical standards and no professional body for an accountant to belong to.