Carmarthenshire Business Directory

In the UK, there are no licence requirements for an individual to be describe himself/herself or practice as an accountant (except in the areas of audit or insolvency) but to use certain titles requires membership of one of the many appropriate professional bodies.

• A Chartered Certified Accountant must be a member of the Association of Chartered Certified Accountants (designatory letters ACCA or FCCA).
• A Chartered Accountant must be a member of one of the following:
  • the Institute of Chartered Accountants in England & Wales (ICAEW) (designatory letters ACA or FCA)
  • the Institute of Chartered Accountants of Scotland (ICAS) (designatory letters CA)
  • the Institute of Chartered Accountants in Ireland (ICAI)
  • a recognised equivalent body from another Commonwealth country (designatory letters being CA(name of country) eg CA(Canada))
• An International Accountant must be a member of the Association of International Accountants (designatory letters AIAA or FAIA).
• A Chartered Management Accountant must be a member of the Chartered Institute of Management Accountants (designatory letters ACMA or FCMA).
• A Chartered Public Finance Accountant must be a member of the Chartered Institute of Public Finance and Accountancy (designatory letters CPFA).

Each of these bodies admits members only after passing examinations and undergoing a period of relevant work experience. Once admitted members are expected to comply with ethical guidelines and gain appropriate professional experience.