Accountant fees

TripleA said:

It is to those who are regulated. But its those accountants that are unregulated and in some cases unqualified where the problem largely is (in my opinion)

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Fair point. I was commenting on the regulated accountants.

Oddly enough, most if not all of the major accounting scandals both in Ireland and elsewhere over the past 10-20 years have involved the large multinational firms, who tend to dominate the Institutes who regulate the profession as a whole. Unregulated accountants may have no regulatory supervision as such, but they still have a legally enforceable duty of care towards their clients and paradoxically as a group have a better record in avoiding scandal and wrongdoing than some of the largest and most prestigious elements within the profession.