On what basis do proefssions such as the accounting profession claim a privileged status in our society?

Question

And should they be self policing or should this be a governemnt resposibility? Thanks

Answer 1

It all depends on what you mean by privelidged status. If an accountant makes a mistake the financial penalties can be significant. Much the same in law and most of the other "professions" Mistakes are often costly and in some areas, fatal, the consequences of which can be very serious.

As an engineering professional my hubby does not claim special status as such but as he is very highly qualified he does expect a little respect for his expertise and experience. (Over 20 years)

Many professions are very highly regulated, certainly in manufacturing, and the courts have a proven track record of enforcing claims against negligent organisations.

I do not believe that self-regulation works. There will always be someone somewhere that will abuse the system. Self regulating or not.

Answer 2

Any skilled profession has every right to claim a privileged status. The work is not typically something that you can pick up on a couple of off nights and an Accounting for Dummies book (although that may address some of your simpler accounting needs). Professions such as accounting, medicine, law, and many others have a privileged status because it takes some time, education and effort to become competent at them.

These professions (and most others, excluding military and law enforcement) should ALWAYS be self-policing because services and products are ultimately made for the consumer. When the consumer is allowed the maximum amount of choice, the market automatically regulates service and good providers. If they sell crappy service/merchandise, consumers will shun them in favor of better goods and services elsewhere. If they sell good services and products, particularly at attainable prices for the consumer, they will be rewarded with booming business.

Do you really trust the government to make all your choices for you? Does the government know how to run your life and everybody else's better than you and everybody else? I'm concerned for you if it does.

Answer 3

first of all it is a white collar job

more over if he is a charted acountant he will be guiding the client how to evade income taxe not much not less

Answer 4

This sounds like an essay question. This link might possibly help. http://72.14.253.104/search?q=cache:hS4ciVjPqWUJ:www.pcaw.co.uk/policy_pub/legal_professional_privilege.html+professional+privilege+accountancy&hl=en&gl=us&ct=clnk&cd=1

Answer 5

You really want the goverment involved more into your life.

NOT

Answer 6

No if you have the government more involved, there will be more corruption, not less.