You have a business and it is the time of the year when you need to file your taxes you’re not sure what type of accountants you need to hire. You’ve heard the term chartered accountant before but you are not sure if this is what you need at this point in time. The terms seem complicated and ambiguous, yet it is official, but what if that was what you need. Here is some information that you may find helpful.

So what is a chartered accountant, anyways?

A chartered accountant is a term designated to refer to charters formed of trained and qualified accountants that was started in Britain in the mid eighteenth century. Each of the groups gained their own charter from the government and later made chartered accountants an internationally renowned profession. Today, a chartered accountant does multiple jobs related to finance and business. They usually work in audits, taxing, and other jobs in the financial management sector. They can be employed in the private sector in companies, industries and businesses but some also work for government departments or as auditors for the government.

What is special about a chartered accountant?

Today, an accountant can be chartered in many different countries around the world, whether it is one of the many accountants Melbourne or an accountant in the Czech Republic, the United Kingdom, Canada, Nepal, South Africa or many other countries, an accountant is required to maintain a certain level of professional development to remain active. For example, they set up support groups to help other members further develop their profession or junior students of accounting climbing up the ladder of the profession. They can also provide support to libraries, as well as providing opportunities for business networking and careers development.

What is a Chartered Accountant

How to be a chartered accountant in Australia?

Not everyone who studies accounting can join the Institute of Chartered Accountants. They must complete a graduate degree and have three years of experience with an organization that is part of the institute. In order to count the experience as part of the institute, their working experience must be recorded with a mentor who is also registered as part of the institute. Finally, the accountant needs to pass an entry exam. There are some additional requirements that make it possible for those who do not have an accounting degree to join the Institute.

There are five different levels of chartered accounting that each participant can reach depending on the number of years of experience and the type of knowledge they have. One of the levels is reserved for teachers and people who are dedicated to increase other’s knowledge and experiences.

In short, a chartered accountant is someone who has studied and worked hard to join the Australian Institute of Chartered Accountants and who is invested in constantly increasing their knowledge and keeping up with all the recent developments. You know that by hiring someone chartered you are getting access to the most experienced and knowledgeable. Still wondering, check for more information.

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