Countries outside of the United States refer to their registered bookkeepers as chartered accountants. These people are required to be members of a professional organization within their own country. For example, in Sri Lanka they must become members of the Institute of Chartered Accountants of Sri Lanka.
Education and training will be where the greatest variance is found between those who are not chartered and those who are. Testing requirements and the amount of time they will be required to put into their own education will determine the title they receive.
This type of accountant was the original ones who formed a professional body. This was first done in Britain in 1854. In the United States, these people would be known as a Certified Public Accountant or CPA. There are individual regulations and rules which each professional body adheres to and many differences are found in each country.
Within Canada these people are referred to as CAs. Until recently only registered members were allowed to practice auditing functions for a public company. However, every country has their own variations on what is acceptable and what is not. Registrations and licensing is only useful in the country where it was obtained. Currently the guidelines are too different to allow true international accounting.
The decision to become certified or registered as an accountant is not one to be taken lightly. Currently the United States has the highest education requirements before one is allowed to take the examinations leading to a certification. Most only require an Associate's Degree plus some training. The United States currently requires a Bachelor's Degree plus an additional 18 credit hours before one is allowed to sit for the different exams.
In the United States, the CPA exam is made up of several different parts. Today one needs to be very dedicated to their work to continue and obtain a license of this type. It is estimated that approximately 85% of those who take the exam do not pass on the first try. This can become very expensive for someone just setting out to build their career.
In a nutshell, the difference between chartered and non-chartered is simply a matter of organizational membership. Many may have the ability to do the things that the members do but either choose to not join the professional organization or for some reason are not allowed to join.
Education and training will be where the greatest variance is found between those who are not chartered and those who are. Testing requirements and the amount of time they will be required to put into their own education will determine the title they receive.
This type of accountant was the original ones who formed a professional body. This was first done in Britain in 1854. In the United States, these people would be known as a Certified Public Accountant or CPA. There are individual regulations and rules which each professional body adheres to and many differences are found in each country.
Within Canada these people are referred to as CAs. Until recently only registered members were allowed to practice auditing functions for a public company. However, every country has their own variations on what is acceptable and what is not. Registrations and licensing is only useful in the country where it was obtained. Currently the guidelines are too different to allow true international accounting.
The decision to become certified or registered as an accountant is not one to be taken lightly. Currently the United States has the highest education requirements before one is allowed to take the examinations leading to a certification. Most only require an Associate's Degree plus some training. The United States currently requires a Bachelor's Degree plus an additional 18 credit hours before one is allowed to sit for the different exams.
In the United States, the CPA exam is made up of several different parts. Today one needs to be very dedicated to their work to continue and obtain a license of this type. It is estimated that approximately 85% of those who take the exam do not pass on the first try. This can become very expensive for someone just setting out to build their career.
In a nutshell, the difference between chartered and non-chartered is simply a matter of organizational membership. Many may have the ability to do the things that the members do but either choose to not join the professional organization or for some reason are not allowed to join.
About the Author:
You need to take a look at accountants London right now. London accountants is going to help you out with the financial problem you probably have.