The Worshipful Company of Chartered Accountants in England and Wales is one of the livery companies of the

City of London The City of London is a city, ceremonial county and local government district that contains the historic centre and constitutes, alongside Canary Wharf, the primary central business district (CBD) of London. It constituted most of London fr ...

. The organisation became a livery company in 1977. The Company promotes "honourable practice" of accounting and awards prizes to students in the field. It also supports general charities. The company ranks eighty-sixth in the

order of precedence An order of precedence is a sequential hierarchy of nominal importance and can be applied to individuals, groups, or organizations. Most often it is used in the context of people by many organizations and governments, for very formal and state o ...

for livery companies. Its motto is ''True and Fair''.

Founding

Formal letters patent for the creation of the livery company were presented on 25 July 1977 by the lord mayor of London. Its first master was James M. Keith, member of the City's Court of Common Council and chief commoner for 1976–1977. It was one of several companies formed in the 1970s, when concerns were raised that existing livery companies had few connections to the modern financial services industry in London.

Charities

In 1992, the Worshipful Company of Chartered Accountants in England and Wales launched "Chartered Accountants in the Community", a programme which placed senior accountants onto the management committees of charities. The scheme aimed to place 20 to 30 attachments a year, with a focus on providing advice and professional expertise to charities, rather than day-to-day bookkeeping. The livery company had previously focused on making donations to support overseas training and rewarding student achievement. As of December 1992, the company had 100 members. At the time, former master Richard Wilkes told the ''Financial Times'', "We do not have a large endowment. Instead of money, we've got talent."

Dinners

In July 2021, ''The Telegraph'' reported that up to a dozen business leaders were boycotting a dinner banquet at Mansion House hosted by the Worshipful Company of Chartered Accountants, because guests were being required to wear face masks and use

NHS Test and Trace NHS Test and Trace is a government-funded service in England, established in 2020 to track and help prevent the spread of COVID-19. Despite its name, the programme was never in fact run by the NHS: the programme is part of the UK Health Secur ...

QR codes to enter the event.

Financial Services Group of Livery Companies

The company is a member of the Financial Services Group of Livery Companies, the other 11 members of which are the Worshipful Companies of

Actuaries An actuary is a business professional who deals with the measurement and management of risk and uncertainty. The name of the corresponding field is actuarial science. These risks can affect both sides of the balance sheet and require asset man ...

Arbitrators An arbitral tribunal or arbitration tribunal, also arbitration commission, arbitration committee or arbitration council is a panel of unbiased adjudicators which is convened and sits to resolve a dispute by way of arbitration. The tribunal may con ...

International Bankers The Bank for International Settlements (BIS) is an international financial institution owned by central banks that "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work thr ...

, Chartered Secretaries and Administrators,

Insurers Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

, Information Technologists, City of London Solicitors,

Management Consultants Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business. Management includes the activities o ...

, Marketors, Tax Advisers, and World Traders.

References

External links

The Chartered Accountants' Company
Accountants in England and Wales Accounting in the United Kingdom 1977 establishments in England {{London-stub