Page 79 - AAA Integrated Workbook STUDENT S18-J19

Practice management

3.2 Restrictions on practice names and descriptions

Members’ descriptions

Members may use the letters ACCA or FCCA but they may not be used in the
registered name of a company.

Practice descriptions

An accountancy firm may describe itself as a ‘firm of Chartered Certified
Accountants’ or a ‘firm of Certified Accountants’ or an ‘ACCA practice’ provided that:

 at least half of the partners (or directors) are ACCA members, and

 these partners (or directors) control at least 51% of the voting rights under the
firm’s partnership agreement (or constitution).

Names of practising firms

 A practice name should be consistent with the dignity of the profession.

 A practice name should not be misleading (e.g. a firm could not trade as ‘PQ
International Accountants’ if all its offices were in one country).

 A practice name should not run the risk of being confused with the name of
another firm.

 A sole practitioner should not add ‘and partners’ to the name under which he
practices.

Use of the ACCA logo

A firm that has at least one ACCA member as a partner or director may use the
ACCA logo on its professional stationery and on its website.

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