ACAT Definition

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ACAT (Accreditation Council for Accountancy and Taxation) is a national organization established in 1973 as a non-profit independent testing, accrediting and monitoring organization. The Council seeks to identify professionals in independent practice who specialize in providing financial, accounting and taxation services to individuals and small to mid-size businesses. Professionals receive accreditation through examination and/or coursework and maintain accreditation through commitment to a significant program of continuing professional education and adherence to the Councils Code of Ethics and Rules of Professional Conduct.

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VET, VETTED, VETTING is to make a careful and critical examination of someone or something, e.g. a person prior to employment.

TEST, in statistics, is taking a ample from a population to estimate characteristics of the population.

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