Q:

What does a chartered accountant do?

A:

According to TARGETJobs, chartered accountants are hired by organizations or private clients in the United Kingdom to audit accounts, offer financial advice and perform accounts administration. Chartered accountants work with a wide variety of clients ranging from multinational corporations and governmental organizations to smaller independent businesses. Chartered accountants can become certified in specialties including auditing, consulting with management, recovery, forensic accountancy, taxation, assurance and corporate finance.

TARGETJobs describes many duties that a chartered accountant may be responsible for, including administering payroll, controlling income and expenses, preparing accounts and tax returns, compiling reports based on business plans and budgets, financial forecasting and risk analysis, negotiating business deals, and providing tax planning services in accordance with current legislation. Chartered accountants are typically employed by private accounting firms, professional service firms, industrial organizations, non-profit organizations and charities, commercial and corporate institutions, governmental bodies and the public sector.

Previous studies in accounting or finance are not a prerequisite for becoming a chartered accountant, according to TARGETJobs, but having these courses mastered may allow the waiving of certain exams. Qualification as a chartered accountant takes at least three years of qualified work experience. Chartered accountants must pursue continuing professional education annually in order to practice.

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