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What is a Chartered Accountant?

Lamb Lowe & Partners has chosen to be a Chartered Accounting Firm. The Institute of Chartered Accountants has the most stringent entry requirements of all the accounting bodies and continues to monitor all members to ensure it maintains its reputation as “Number One in Numbers”.

The Institute requires all members to have a university degree, pass a postgraduate program, and work under the supervision of a chartered accountant for at least three years.

Members must maintain their knowledge and undertake at least 40 hours of professional development each year.

The Institute imposes exacting standards on its members ensuring the quality of their work is of the highest standard.

Chartered Accounting firms are subject to a rigorous quality control program and must maintain a quality control manual. All firms are reviewed by the Institute of Chartered Accountants every five years to ensure firms continue to maintain a high level of quality control.

This focus on quality ensures that all documentation is kept on file and reduces client risks in tax and compliance audits.

Members must always act professionally and ethically. A members ethical service is available to assist members with ethical issues.

More information can be found on the Institute of Chartered Accountants website at www.charteredaccountants.com.au