Accountants

Association of International Accountants (AIA)
The Association of International Accountants (AIA) is a professional body for accountants committed to promoting the idea of 'international accounting.' Established in the UK in 1928, AIA now boasts members in over 85 countries. Full members can be associates (AAIA) or fellows (FAIA) and are known as international accountants, being part of a Recognized Qualifying Body.
Bean Counters
A derogatory term used to refer to accountants by highlighting the meticulous nature of their job, often implying a focus on minute details rather than broader perspectives.
Designated Professional Body (DPB)
Designated Professional Body (DPB) refers to professional organizations authorized to supervise and regulate specific activities, such as investment business, by their members who are professionals like accountants or solicitors.
International Ethics Standards Board for Accountants (IESBA)
The International Ethics Standards Board for Accountants (IESBA) is an independent body that develops and issues ethical standards for accountants and auditors worldwide.
License Laws
License laws govern the activities of occupations that require licensing, ensuring professionals meet certain standards to practice in fields such as accounting, law, medicine, nursing, barbering, insurance, and real estate.
National Society of Accountants (NSA)
The National Society of Accountants (NSA) is a professional association in the USA for accountants and tax practitioners, offering resources, networking opportunities, and professional development since 1945.
Professional Indemnity Insurance (PII)
Professional Indemnity Insurance (PII) is a form of third-party insurance that covers professionals, such as accountants or auditors, against compensatory claims arising from negligence or defective advice.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.