Chartered accountancy is the process of providing professional services to companies and individuals in the public and private sectors. The importance of accounting services cannot be understated. These professionals are responsible for ensuring that the financial records of a business are accurate, complete, and compliant with legal requirements. Chartered accountants are also responsible for advising business owners on how to improve their business’s financial performance through better decision-making. Chartered accountants provide a variety of accounting services including tax consultancy, CFO services and other advisory services. They also provide audit and assurance, which includes compliance with statutory requirements such as International Financial Reporting Standards (IFRS).