Comments on: The shocking truth about professional standards http://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/ Thu, 09 Feb 2012 10:01:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Simon Carswell http://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/comment-page-1/#comment-4487 Simon Carswell Tue, 05 Feb 2008 13:26:52 +0000 http://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/#comment-4487 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. Green http://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/comment-page-1/#comment-4486 Charles H. Green Tue, 05 Feb 2008 13:02:26 +0000 http://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/#comment-4486 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 Coltman http://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/comment-page-1/#comment-4485 Emily Coltman Tue, 05 Feb 2008 09:20:30 +0000 http://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/#comment-4485 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 Jones http://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/comment-page-1/#comment-4484 Stuart Jones Mon, 04 Feb 2008 21:43:33 +0000 http://www.accmanpro.com/2008/02/04/the-shocking-truth-about-professional-standards/#comment-4484 Thank you Dennis. Thank you Dennis.

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