Unlike many other professionals, anyone can call themselves an accountant. The term accountant is not reserved or in any way restricted. This does not mean that a non-designated accountant is not competent, it only means that they do not have to adhere to the standards of professional accountants.
The three cornerstones of the CGA organization are Education, Examination, and Professional Development. Professional accountants, CGA’s, CA’s , CMA’s and recently the new CPA designation, study for many years and are required to pass rigorous examinations before they can use their designations. Additionally, professional accountants are required to keep their knowledge up to date, which is closely monitored by their respective associations.
Public accountants must go one step further and attend additional training and are required to carry insurance. Every three years, a mandatory practice review is conducted by the associations to ensure the quality of the work performed meets the high standards that you have come to expect.
For more information on professional accountants you can contact the Chartered Professional Accountant (CPA) website to learn more about how a designated accountant can be your partner in business.