Middlestone authorised by the ACCA

Middlestone Business Analysis has been recognised as a firm of Chartered Certified Accountants.

Published on

24

April 2017

ACCA Practising Certificate

Middlestone Business Analysis has been recognised as a firm of Chartered Certified Accountants. The company’s founder, Terry Hopper, was approved for a Practising Certificate on 24th April 2017.

Terry qualified as an accountant in 2011, and is now a Fellow of the Association of Chartered Certified Accountants.

About the Association of Chartered Certified Accountants

The Association of Chartered Certified Accountants (ACCA) is the global body for professional accountants. Founded in 1904 the ACCA had 188,000 members in 2016, and supports 480,000 students training to be accountants. To achieve membership, accountants complete extensive training, usually over the course of two of more years, gain relevant experience and must certify each year that they are continuing to develop their skills.

What is a Practising Certificate anyway?

Being a qualified accountant and being qualified to run your own accountancy practice are not the same thing.

No one can legally hold themselves out as a Chartered Certified Accountant who does not hold a valid Practising Certificate. This certificate confirms that the holder is entitled to practise as a Chartered Certified Accountant. The qualifications for this are more stringent than membership to the ACCA. Practising Members must:

  • Have achieved the professional qualification
  • Have at least two years post-qualification experience
  • Have completed three years practical training, under the supervision of an experienced member
  • Have been certified as competent in at least 15 different technical and management skills
  • Have adequate Professional Indemnity Insurance cover depending on the business size
  • Have made arrangements for “continuity of practice” – that if something happened to them, their clients would still be looked after
  • Certify annually that they continue to devote 40 hours per year to their professional development

Most importantly, members of the ACCA are liable to disciplinary action for misconduct. Practising certificates will be revoked or refused, if a member:

  • Is convicted of a criminal offence
  • Is declared bankrupt
  • Is disqualified from acting as a company director

Small business owners working with Chartered Certified Accountants can trust that they are not working with failed businesspeople or criminals, but instead they are working with experienced and knowledgeable professionals who have appropriate qualifications and insurance!

What this means for our clients

We believe that our clients deserve to deal with professionals. We felt that by reaching out for this recognition we can show our clients that we too strive for the highest levels of professionalism.

Although we are not a traditional accountancy firm, our proven accountancy skills enhance our service to clients. Our focus is not on “accountancy services”. We don’t prepare tax returns, prepare company accounts or perform financial audits. We advise our clients how to automate their finance, admin and “back office” tasks – a thorough knowledge of accounting is invaluable for this.

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