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Rules and regulation

The role of professional bodies

Professional bodies (such as the ACCA and ICAEW) promote quality within the
profession through provision of:

 Rigorous qualifications

 Support to members

 Technical expertise to governments on accounting and business matters.

To obtain membership to a professional body, a person must:

 Successfully complete the exams provided by that body

 Be able to demonstrate appropriate practical experience (usually a minimum of
three years)

 Complete an ethical assessment

To maintain membership a member must:

 Demonstrate continuing professional development (CPD) to ensure knowledge
and skills are kept up to date.

 Comply with a code of ethics and conduct to ensure they act in a professional
manner at all times.

If a member is found not to have complied with the rules of the professional body,
disciplinary action will be taken which may involve fines, reprimands, suspension
from membership for a limited time or withdrawal of membership.

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