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Accounting & Tax vocabulary · Auditing & Internal Control

Chartered accountant

Meaning in accounting & tax, with examples

nounCommon term

In accounting & tax, chartered accountant means: An accountant who has passed professional exams and belongs to a recognised accounting body, qualified to audit, advise on tax and sign certain reports.

In Turkish: mali müşavir, serbest muhasebeci mali müşavir (SMMM), yeminli mali müşavir (YMM)

How it is used

The title is used in the UK, Ireland and many Commonwealth countries, for example by ICAEW members (ACA). The closest US title is certified public accountant (CPA). These titles are protected by professional bodies.

Example sentences

  1. She qualified as a chartered accountant after three years at an audit firm.

  2. The certificate has to be signed by a chartered accountant.

Common collocations

  • qualify as a chartered accountant
  • certified public accountant
  • professional body
  • CPA exam
  • accountingThe work of recording, organising and reporting a business's financial transactions so that owners, managers, tax offices and investors can understand its financial position.
  • auditorA qualified professional who examines a company's accounts and records and gives an independent view on whether they are reliable.
  • auditAn independent examination of a company's financial statements and records to check that they are accurate and follow the applicable rules.
  • tax returnAn official form a taxpayer submits to the tax authority, reporting income, expenses or sales for a period and calculating the tax due.

More terms: Auditing & Internal Control

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This page explains English vocabulary for learners. It is not financial advice.