Comments on: The shocking truth about professional standards http://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/ never knowingly under opinionated Fri, 19 Mar 2010 07:02:29 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Simon Carswellhttp://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/comment-page-1/#comment-174973 Simon Carswell Tue, 05 Feb 2008 12:26:52 +0000 http://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/#comment-174973 Perhaps this is an inherent problem with self-regulation? If the ICAEW both promote their members' interests and regulate the members, there could be a conflict of interest. Perhaps this is an inherent problem with self-regulation? If the ICAEW both promote their members’ interests and regulate the members, there could be a conflict of interest.

]]> By: Charles H. Greenhttp://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/comment-page-1/#comment-174970 Charles H. Green Tue, 05 Feb 2008 12:02:26 +0000 http://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/#comment-174970 Dennis, I feel that pain too, but I'll go you one better.I won a lawsuit in a US court against a financial planner; he was found guilty of professional malpractice.When I sent a copy of the conviction to the Financial Planners Association, and to the National Association of Personal Financial Planners (he is a member of both) and asked them what sanctions they imposed for such a conviction, they told me:"Thanks for filing a complaint. We have investigated and decided there have been no violations. Thank you for helping to uphold our high professional standards."Several words come to mind, but arrogance is at the top of the list. Dennis, I feel that pain too, but I’ll go you one better.

I won a lawsuit in a US court against a financial planner; he was found guilty of professional malpractice.

When I sent a copy of the conviction to the Financial Planners Association, and to the National Association of Personal Financial Planners (he is a member of both) and asked them what sanctions they imposed for such a conviction, they told me:

“Thanks for filing a complaint. We have investigated and decided there have been no violations. Thank you for helping to uphold our high professional standards.”

Several words come to mind, but arrogance is at the top of the list.

]]> By: Emily Coltmanhttp://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/comment-page-1/#comment-174939 Emily Coltman Tue, 05 Feb 2008 08:20:30 +0000 http://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/#comment-174939 Oh crumbs.There's an on-going debate about whether the term "accountant" should be protected. I think if it is, then the qualification has to be made worth much more than this.The public should be able to trust that a qualified accountant who's a member of a professional body will prepare accounts that don't have such terrible howlers in them. Yes, accountants will make mistakes. We're not Superman. But so many and such fundamental mistakes?What on earth do we pay our subs for?M Oh crumbs.

There’s an on-going debate about whether the term “accountant” should be protected. I think if it is, then the qualification has to be made worth much more than this.

The public should be able to trust that a qualified accountant who’s a member of a professional body will prepare accounts that don’t have such terrible howlers in them. Yes, accountants will make mistakes. We’re not Superman. But so many and such fundamental mistakes?

What on earth do we pay our subs for?

M

]]> By: Stuart Joneshttp://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/comment-page-1/#comment-174843 Stuart Jones Mon, 04 Feb 2008 20:43:33 +0000 http://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/#comment-174843 Thank you Dennis. Thank you Dennis.

]]>