Accountant in public practice
Services may include audit and assurance, tax, accounting or advisory work, depending on the practitioner’s qualifications and authorisation. The applicable professional and ethical requirements depend on the service and jurisdiction. Independence requirements apply to certain assurance engagements; they should not be treated as identical for every service.
Worked example
An accounting firm prepares financial statements for a small business client. Its staff assess applicable ethical requirements and whether the work creates threats that must be addressed.
Common mistake
Assuming every accountant in practice is an auditor, or that every professional service has the same independence requirements as a statutory audit.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | SBR | Supporting | September 2026–June 2027 |