The big difference between an accountant and a chartered accountant is in terms of level. There is thus a difference in degrees, scope of assignments and responsibilities granted to them. The big difference between these 2 positions is the services offered. There is also a notable difference between the risks taken and the cost of the services. In order to benefit from a professional accounting management, it is better to entrust the mission to a chartered accountant.
Difference in degrees and relaxed level of the missions
In order to practice the profession of chartered accountant, it is necessary to follow a 2 or 5 year post-baccalaureate study in accounting management. As for the profession of chartered accountant, this position of responsibility requires a national diploma in public accounting. This coveted title is obtained after 8 years of higher education. During this long course of study, the candidate must complete 3 years of internship in an accounting firm. It will then be necessary to register with the order of chartered accountants.
There is also a notable difference in the scope of the assignments. The accountant can be an employee of a company. These specialists can also work as freelancers. They deal with many accounting operations related to a company: tax or social security returns, management of annual accounting documents, management of salaries, stocks, financial management and forecasting.
Specificities of the job of chartered accountant
A public accountant must maintain his independence. In addition to the missions entrusted to an accountant, this professional is also in charge of verifying the content of the books of accounts. He advises managers on the organisation and management of the company, deals with the control of tax returns and intervenes during a tax audit carried out by social organisations or the tax department. Unlike an accountant, experts are able to provide advice in various fields: legal, social, tax, development of the computer system, creation and organization of companies, etc…
Engagements reserved exclusively for chartered accountants
The law requires that a company’s books be kept exclusively by public accountants. In fact, only professionals registered with the Order of Chartered Accountants are authorized to keep accounts for companies. A company manager who wishes to recruit a chartered accountant must inquire about his or her skills and specialization. By choosing to hire an accountant, managers will be able to delegate basic accounting assignments.
To obtain valuable advice, it is necessary to call on chartered accountants who have completed years of studies and have many years of experience. These accounting professionals are willing to optimize and develop all important positions in a company. Choosing between an accountant or a chartered accountant is a decision that is binding only on the client. Experience comes at a price, the accountant will be able to contribute to the growth of the company’s turnover.