I had a meeting with a prospective client recently who complained about their existing “accountant”. The “accountant” has apparently allowed toner for office printer to be capitalised and depreciated over time. The client was flabbergasted that an accountant can make such mistake.
While I am not sure of the person’s credentials, I ended up trying to explain to the client that almost everyone in Singapore can call themselves an accountant without breaking any law.
Recently in UK, Mr Alan Shooter submitted a petition with 4,000 signatures to the Prime Minister to seek protection for the designation “accountant”.
There must be some regulation in this area to ensure that the integrity and professionalism of those who have dedicated years of their life in securing formal accounting training, are not eroded away by irresponsible individuals.
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