Accountant- can i be one if I am a BR Person?

get_me_debt_free

Quick question.. If I am training to be an accountant and i go BR can i still do this as a job?
Sorry for being a bit dim but I have to ring the collage back to say weather im going to take the course and havent got much time to look through the board.
Thanks x

get_me_debt_free

Any help people???? Please???

kalaika

Sorry I can't be of more help, but it might depend on what you are studying.

Before you ring the college back, I would say your best bet would be to ring ICAEW/ACCA/CIMA/etc (whichever you are studying for membership for) and ask them. I expect that you will be able to ask them without giving your name/student number if you don't want to, but they should be able to give you more details and confirm whether a person can be admitted to membership having been bankrupt.

tigerfeet2006

Sorry I have a feeling you may be on a sticky wicket with some jobs but not all. FSA jobs are usually sticky. Give the body you would be regulated under a ring and ask them.

Tinytim

Hi GMDF,

You will be unable to practice as a Chartered Accountant if you are an undischarged bankrupt. Once discharged, you can in theory become an accountant.

However, in many such occupations, you will have to be deemed to be a fit and proper person, and a recent bankruptcy may have an effect on this. The easiest thing to do would be to call The Institute of Chartered Accountants England and Wales. The telephone number for their London Office is 020 7920 8100

get_me_debt_free

Thanks guys.. your help is much appreciated.. this Forum is the best in the world.. xxxx

get_me_debt_free

BANKRUPTCY

Applicants for Student registration

In relation to an application for Student registration, the guidleine starting point is:

Not to admit him if he is the subject of an undischarged or discharged bankruptcy order, but to admit him if the Association considers there to be mitigating circumstances.
When considering the implications of bankruptcy on potential or continued Membership or Student registration, the AAT should consider:
a) The reasons for the indebtedness, the circumstances of the bankruptcy or arrangment and the extent to which the Member, Applicant, Student or Affiliate was personally at fault.

(i) The more the Member, Applicant, Student or Affiliate was personally at fault, the more appropriate to tend towards severity in the sanction, particularly if he had been reckless or dishonest.

(ii) On the other hand, if there were factors beyond the control of the Member, Applicant, Student or Affiliate, this may be considered a mitigating factor.
It will be for the Applicant to satisfy the Association of suitability for Membership.

Affiliates and Students

Where an Affiliate or Student becomes bankrupt or has made any composition or entered into any formal arrangement with his creditors, he will be subject to a disciplinary investigation (in accordance with the AAT's Disciplinary Regulations).

He should be advised that if he subsequently applies for Membership, his case will be considered on an individual basis in accordance with the Association's policy on applicants for Membership.

Duty to inform the Association

The Disciplinary Regulations impose a duty on the membership to inform the Association if he is made bankrupt, or has made any composition or entered into any formal arrangement with his creditors. If he fails to do so, he will be subject to a disciplinary investigation (in accordance with the AAT's Disciplinary Regulations).

boltonangel

i used to work in an FSA regulated job and since my br have been unable to.

even if the fsa did let discharged bankrupts onto their register the employer would almost cerainly do a credit search and find your br order for the next 6 years and i am pretty certain they would take a dim view of it and not recruit.
where i have worked i have known outstanding applicants not to get a contract because of ccj's etc.