ITAA
Institute for Tax Advisors & Accountants
ITAA Regulations
ITAA regulations: ITAA site source 2021
The profession of chartered accountant and tax advisor is regulated by the Law of March 17, 2019.
This will later be supplemented by several royal decrees. This is particularly the case for the internship, the quality review, the internal regulations, etc.
The ITAA publishes a number of standards and recommendations aimed at best practices in the profession. The continuing education standard and the common control standard are examples.
Within the profession, a number of very strict ethical principles apply. Most of the rules are based on four key words: independence, dignity, integrity, and discretion. The principles are set out in the Royal Decree, and the ITAA determines how they are translated into practice.
Members and trainees who do not comply with the rules may be prosecuted by the Disciplinary Committee.
ITAA Missions
ITAA missions: ITAA site source 2021
The tasks of the ITAA are very diverse. Above all, the Institute looks after the interests of its members and trainees.
The professions of chartered accountant and tax advisor are regulated by law. This means that anyone wishing to practice the profession must be registered in the public register. The ITAA is responsible for managing this register and overseeing access to the profession by regularly organizing entrance and aptitude examinations. Between these two examinations, the ITAA also monitors the progress of each trainee chartered accountant or tax advisor.
Legally regulated liberal professions adhere to strict ethical rules, which are important given the social role of our professionals. The ITAA ensures that these rules are properly followed and that continuing professional development is monitored. Finally, the ITAA publishes a number of standards and recommendations for sound professional practice. The application of these standards and recommendations, as well as the application of ethical rules, is verified through a quality review.
Excerpts from articles provided for informational purposes, originating from external sources that may no longer be adequate.
ASCEND ACCOUNTANT disclaims all liability related to these items.