The Accountancy Industry

Accountancy is well regulated in the United Kingdom and businesses should only entrust this critical function to those Practices who are fully qualified, experienced and remain within a recognised accounting body.

The main bodies that exist and are relevant to commerce and industry are:

• The Institute of Chartered Accountants in England and Wales (ICAEW)
• Chartered Institute of Management Accountants (CIMA)
• The Association of Chartered Certified Accountants (ACCA)

Richard Dodridge is a Fellow Chartered Accountant (FCA) and has been both qualified and a member of the ICAEW for over twenty years.

The ICAEW requires each Practice to apply for and maintain a Practising Certificate and will inspect the Practices books and records on a regular and consistent basis to ensure that the standards required are met.

In addition we are required to be registered under the Data Protection and Money Laundering Acts. We will carry sufficient Personal Indemnity Insurance (PII) as required by the ICAEW.

The ICAEW requires all practising accountants to have an alternative arrangement in place, whereby on incapacity or death of the principal Director the obligations of the firm can be met. These arrangements are in place for our practice.