<P> Modern Accounting is a product of centuries of thought , custom , habit , action and convention . Two concepts have formed the current state of the accountancy profession . Firstly , the development of the double book - keeping system in the fourteenth and fifteenth century and secondly , accountancy professionalization which was created in the nineteenth and twentieth centuries . The modern profession of the chartered accountant originated in Scotland in the nineteenth century . During this time , accountants often belonged to the same associations as solicitors , and the latter solicitors sometimes offered accounting services to their clients . Early modern accounting had similarities to today 's forensic accounting : </P>
<P> Modern Accounting is a product of centuries of thought , custom , habit , action and convention . Two concepts have formed the current state of the accountancy profession . Firstly , the development of the double book - keeping system in the fourteenth and fifteenth century and secondly , accountancy professionalization which was created in the nineteenth and twentieth centuries . The modern profession of the chartered accountant originated in Scotland in the nineteenth century . During this time , accountants often belonged to the same associations as solicitors , and the latter solicitors sometimes offered accounting services to their clients . Early modern accounting had similarities to today 's forensic accounting : </P>
who is widely recognized as the first forensic accountant
who is widely recognized as the first forensic accountant
Scotland
Scotland