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Accounting bodies secure injunction against misleading institute

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By ICAS

26 October 2020

ICAS, ICAEW and Chartered Accountants Ireland have obtained a High Court injunction to ban a European organisation and its directors from misleading the public by offering chartered accountancy qualifications despite not being a recognised body.

The three accounting bodies took action after a Brussels-based organisation calling itself the European Institute of Chartered Accountants started trading online, offering misleading qualifications and professional development, as well as use of the designations FCA and CA.

The EICA is not recognised as a chartered or qualification awarding body and has been therefore misleading the public about the qualifications it offered and its status as a chartered body.

ICAS, ICAEW and Chartered Accountants Ireland obtained the High Court injunction against the EICA and its directors, Muhammad Javaid Iqbal and Vesela Kirilova Stavreva, earlier this month. The court order bans the company and its directors from passing themselves off as having any connection to ICAS, ICAEW or Chartered Accountants Ireland.

They are also banned from using the descriptions ‘chartered accountants’, ‘CA’ or ‘FCA’ in relation to the provision of education, certification or training.  Failure to comply with the order could result in the directors being held in contempt of court.

Spokespeople for ICAS, ICAEW and Chartered Accountants Ireland said:  “The European Institute of Chartered Accountants, also known as EICA, is not recognised as a chartered or qualification awarding body and is therefore misleading people about the nature and standing of the qualifications it offers.

“It’s important that people have trust in Chartered Accountants, so we work hard to maintain the integrity of our qualifications and the description ‘Chartered Accountant’, and to prevent the public from being misled. We are pleased the High Court recognised the importance of this. “We invest heavily in brand protection for the benefit of our membership and we do not tolerate misuse or misrepresentation. We will not hesitate to take action where necessary.”

2022 06 davidlloyd 2022 06 davidlloyd
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The mark and designation “CA” is a registered trade mark of The Institute of Chartered Accountants of Scotland (ICAS), and is available for use in the UK and EU only to members of ICAS. If you are not a member of ICAS, you should not use the “CA” mark and designation in the UK or EU in relation to accountancy, tax or insolvency services. The mark and designation “Chartered Accountant” is a registered trade mark of ICAS, the Institute of Chartered Accountants of England and Wales and Chartered Accountants Ireland. If you are not a member of one of these organisations, you should not use the “Chartered Accountant” mark and designation in the UK or EU in relation to these services. Further restrictions on the use of these marks also apply where you are a member.

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