Time to recognise ‘accountant’: ICAI

THE Institute of Chartered Accountants in Ireland (ICAI) has welcomed a plan by the Irish Auditing and Accounting Supervisory Authority (IAASA) to give legal recognition to the term accountant.

ICAI president Martin Wilson said: “The Government has moved in recent times to offer statutory definitions of professions like architects and we see no reason why any difficulties surrounding the application of the same principle to accountants cannot work also.”