Comments on: If you’re not independent you’re not a professional http://www.taxresearch.org.uk/Blog/2007/07/09/if-youre-not-independent-youre-not-a-professional/ Richard Murphy on tax and corporate accountability Thu, 04 Dec 2008 18:49:54 +0000 http://wordpress.org/?v=2.6 By: James Governor’s Monkchips » links for 2007-07-09 http://www.taxresearch.org.uk/Blog/2007/07/09/if-youre-not-independent-youre-not-a-professional/#comment-112706 James Governor’s Monkchips » links for 2007-07-09 Mon, 09 Jul 2007 23:31:08 +0000 http://www.taxresearch.org.uk/Blog/2007/07/09/if-youre-not-independent-youre-not-a-professional/#comment-112706 [...] Tax Research UK / If you’re not independent you’re not a professional “an accountant has a duty to others before their duty to the client standing in front of them. It’s the fact that this has been forgotten that has given the ‘amateurs’ the chance to eclipse the professionals. The person who claims to be professional (tags: authority professionals) [...] [...] Tax Research UK / If you’re not independent you’re not a professional “an accountant has a duty to others before their duty to the client standing in front of them. It’s the fact that this has been forgotten that has given the ‘amateurs’ the chance to eclipse the professionals. The person who claims to be professional (tags: authority professionals) [...]

]]> By: roger rabbit http://www.taxresearch.org.uk/Blog/2007/07/09/if-youre-not-independent-youre-not-a-professional/#comment-112519 roger rabbit Mon, 09 Jul 2007 13:44:09 +0000 http://www.taxresearch.org.uk/Blog/2007/07/09/if-youre-not-independent-youre-not-a-professional/#comment-112519 This is an extract from the ICAEW member's handbook, ethics section: "Professional accountants have a responsibility to take into consideration the public interest and to maintain the reputation of the accountancy profession. Personal self-interest must not prevail over those duties." [Present company is of course excepted here Richard!] Most of the rent-a-quote accountants Big 4 and otherwise - a dishonourable mention here for Grant Thornton - we see or hear in the media might benefit from a clarification of the meaning of this: "Professional accountants have a responsibility to take into consideration the public interest and to maintain the reputation of the accountancy profession. Personal self-interest (including their own remuneration or profit share) must not prevail over those duties.” This is an extract from the ICAEW member’s handbook, ethics section:

“Professional accountants have a responsibility to take into consideration the public interest and to maintain the reputation of the accountancy profession. Personal self-interest must not prevail over those duties.”

[Present company is of course excepted here Richard!] Most of the rent-a-quote accountants Big 4 and otherwise - a dishonourable mention here for Grant Thornton - we see or hear in the media might benefit from a clarification of the meaning of this:

“Professional accountants have a responsibility to take into consideration the public interest and to maintain the reputation of the accountancy profession. Personal self-interest (including their own remuneration or profit share) must not prevail over those duties.”

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