Most dictionaries describe and define profession as a calling or vocation involving some branch of learning. Accountancy involves a body of knowledge. Accountants must tried in various areas .The idea of a profession rests on the following premises
- A recognizable discrete body of knowledge
- An educational process
- A system of examinations
- A system of licensing practitioners
- A sense of responsibility to the society
- A code of ethics
- A set of technical standards
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