Professional Bodies

blog-post

 

I am subject to the very stringent rules and ethics two Professional Bodies regulating the accountancy and taxation professions. These Professional Bodies are the Institute of Chartered Accountants in England and Wales (ICAEW) and the Chartered Institute of Taxation (CIOT).

I am a Fellow of the Institute of Chartered Accountants in England and Wales (FCA), and an Associate Member of the Chartered Institute of Taxation (CTA - Chartered Tax Adviser).

  • All Chartered Accountants are bound by the ICAEW Code of Ethics.
  • Practising Members of ICAEW are subject to the ICAEW Practice Assurance Standards and Regulations.
  • All Chartered Tax Advisers are bound by the CIOT Professional Standards.
  • Professional Bodies also expect tax practitioners to observe the principles and standards of behaviour set out in the PCRT (Professional Conduct in Relation to Taxation).

    • These Rules, Regulations and Standards that I am required to comply with by my Professional Bodies are found at:

  • the ICAEW Code of Ethics is found at icaew.com;
  • the ICAEW Practice Assurance Standards and Regulations are found at icaew.com;
  • the professional standards that I am required to abide by for CIOT are found at tax.org.uk (CIOT).
  • the Professional Conduct in Relation to Taxation principles and standards are found at tax.org.uk or icaew.com.

    • Under these Rules and Regulations I am subject to continuous checking and reporting to maintain the standards of the Profession, and am required to undertake regular and continuing professional education and development (CPD).