The accountancy profession Flashcards

1
Q

What are the reserved areas of public practice accountancy

A

Insolvency
Investment business
Audit
Probate

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2
Q

What five accounting bodies comprise the Consultative Committee of Accountancy Bodies (CCAB)

A
ICAEW
ICAS
Chartered Accountants Ireland
ACCA
CIPFA
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3
Q

What are the roles of the Financial Reporting Council (FRC)

A

Non-statutory oversight
Statutory regulation
Independent monitoring

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