Entrance Strategy: Advice for a Novice
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Ditto Borker - see my post on Designations and what the original intent was versus the other stuff ie. C.C.H ( Certified Corn Husker ) really who gives a flying except other people that Husk Corn.
XBanker - they perform in many instances nothing more than costs to the bottom line when increased with little to nothing to show ie. production of ANYTHING other than more paper , theories and doublespeak.....and no accountability.Ice - My assumption is CPA ( Certified Public Accountant ) is similar to the Canadian version of Chartered Accountant. In Canada , they are required to have a specified level of education and then are put through a series of work experiences and exams and upon completion of their work experience and successful completion are given the Designation of Chartered Accountant. As an example " in law " they are able to sign off on Company Financials etc. that only they are able to do. They are legally and ethically bound to follow prescribed practises of their Profession. Thus …" holding out to the public " the designation on the Business Card. In this Industry…you are ie. Financial Advisor ( selling of securities etc ) , you would be not have CA ( Canada ) on your Business card as that would be legal definition " holding yourself out to the public " offerring your Professional expertise
Personally, I think it has credence in the CLIENTS eyes. We value it more as a selling point than a superiority thing. For some reason, clients just trust their CPA's implicitly, especially business owners. And it's bad when the CPA doesn't know squat. Some CPA's get their wads all up about certain things: indexing or not indexing, fees or commissions, some hate life insurance and/or annuities. You name it, I've heard it from CPA's. Even the good ones. But I tell you, get in good with the client's CPA, and you have a client for life.
B24 - agree that many clients will refer to their Chartered Accountants or Solictors for more complex matters that may have financial or legal impact.
Not defending either Professional but their position in theory is to offer unbiased advice to their client. It would be fair to say the Accountant would never advise on anything unless financially guaranteed 100% and the Solictor would never advise to sign anything unless also 100% in favour of the client. That being the extreme of course, but that is their legal and ethical requirement/s they are to adhere to as prescribed by their governing body and the law.[quote=norway401]It would be fair to say the Accountant would never advise on anything unless financially guaranteed 100% and the Solictor would never advise to sign anything unless also 100% in favour of the client. That being the extreme of course, but that is their legal and ethical requirement/s they are to adhere to as prescribed by their governing body and the law.[/quote]
Norway, did you have too much caffeine this afternoon? How, exactly, does any accountant guarantee everything 100% for a client? How can an attorney make anything 100% in favor of their client? And what law is it that obligates them to do the impossible?
Take a breath, my Canuck-ian friend. You’re imagination is running away with you today.
…speaking in generalities here, but in the 2 years it takes most of the MBA yahoos I have met to earn their degrees, I can wear out 4 pairs of shoes, 2 pairs of tires, 1 phone, and close a whole mess of deals…im just sayin, if we are salesmen, we should be out selling…
Morph…that was exactly my point. I stated that was the EXTREME not the reality. I am sure that you have dealt with both professions and if the solictor is reviewing a Contract …they tend to want to delete any clause/s that may not be in their client’s favour. Much the same as the Accountant would do for their client. The point was to illustrate.
OK, norway. Although I’m still not clear on just what your whole point was about cpas & attorneys, but since that is a diversion from a diversion of the original topic it’s not really worth belaboring.