It appears as though the ACCA have trademarked the title Certified Public Accountant.
Wonder if this means that ACCA members titles will be changing from Chartered Certified Accountant to Certified Public Accountant? Although thinking about it the letters abbreviated would be CPA, which I believe is pretty well known in the US (a possible link up with the US body AICPA?).
Interesting times ahead...........
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Stuart
Birmingham City FC - Blues is my religion St Andrews is my church
A friend of mine is a CPA in the US. They told me that the term accountant is very much protected there compared to the UK position.
Sounds like a interesting find and I'll be keen to find out how this progresses.
I know that Cima recently changed their letters so I am guessing it makes some sense for the Acca to follow suit.
Ben
That could be an interesting development. I like have the 'Chartered Certified' within my title as often people just want to hear that 'Chartered' bit!
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Phil Hendy, The Accountancy Mentor
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don't think that there is anything to worry about as far as current titles go but I think that the ACCA may be thinking of a seperate qualification for public sector employee's in order to keep Public acountants quite seperate.
To my mind that does seem too much of a coincidence over the timing of the report about business being unwilling to employ ex public sector workers due to a different mindset (#1) so seperating the two may result in being able to lower figures for unemployed ACCA accountants (#2) by giving them a seperate qualification.
Shaun. (#3)
#1 it was covered in PQ magazine but cannot remember which months edition.
#2 Apparently the only qualification that pretty much guarantee's employment is ACA where currently demand (greatly) outstrips supply and has resulted in big four now moving more to ACCA (again taken from an old PQ magazine).
#3 I'm PQ ACCA (still one paper to go as didn't have chance to sit this June) and proud of it so non of the above should in any way be construed as ACCA bashing and if it comes accross that way that is definitely not my intent.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Whilst ACA may pretty much guarantee a job of some description, you need to be going to employers with decent experience. Gaining ACA with a smaller firm is not going to get a a big money job with the big four due to the lack of audit experience.
In my experience i dont think that many employer's really put ACA head and shoulders above ACCA anymore.
Nick
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Nick
Nick Craggs FMAAT ACA AAT Distance Learning Manager
Thanks once again for such a top answer Shaun. Where do you find the time to post so much detail
Hi Phil,
no probs, it's a combination of kiddi winkies summer hols and giving up sleep entirely (or so it seems!).
My writing so much detail is I think what stops me from completing the last ACCA exam with enough of it completed to get a pass. It's frustrating when you know something but the exam system means that you only have such limited time to get it down on paper... Well, with a few holes in my knowledge base that I'm working on filling, most notably financial instrument calculations and calculation of defined benefit pension liabilities but sure I'll be there by December.
Don't know why those two are giving me so much grief saying as I come from a background in banking!... Maybe it's just that in the back of my mind I've switched off to ever having to know that stuff again so I'm just not taking the study in on those parts of the syllabus.
talk in a bit,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
