It appears, though, that this is not necessarily the case. But, like the doctors who smoke or drink while extolling the benefits of preventive medicine, some accountants fall into the 'Do as I say, not as I do' category.
Of course, this is partly a result of another syndrome - 'One person's gain is another's pain' - in that every lucrative insolvency appointment picked up is another firm's audit client lost. But less than secure management may have something to do with it.
After all, while the collapse of the Canary Wharf developer and other high- profile financial failures in the property sector and elsewhere all have their own peculiar circumstances, there are general lessons to be learnt by businesses striving to cope with the tougher trading conditions of the 1990s. And it could be that they are not being taken to heart among those closest to the action.
This, at least, is the suggestion arising from a recent survey of accountants' bad debts. It showed that accountancy firms - ranging from the big six to sole practitioners - typically had bad debt levels of between 1 and 5 per cent, with figures near the top of the scale not uncommon.
Small firms and those just outside the big six had the most serious problems - with most writing off up to 5 per cent of bad debts every year - while medium- sized partnerships and sole practitioners suffered only marginally more than the big six, which typically wrote off less than 1 per cent.
Perhaps more surprising is the finding that more than half said this was satisfactory. And, while 60 per cent said external collectors would be considered, only a quarter were actually using one.
The latter is certainly good news for Credit Limits, the Hertfordshire-based debt collection agency that employed an accountancy student, James Ward, under the Shell Technology Enterprise Programme to carry out the research.
Derek Dishman, the company's managing director, decided on the project to test a hunch that arose out of his work with liquidators in recent years. 'I had this feeling that accountants were not very good managers,' he said.
He was trying to spot fresh opportunities for when the corporate recovery work that had sustained his company for much of its six-year life fell away in the wake of the end of the recession.
His belief was that, while the insolvency specialists might be aware of the problems, the management consultancy arms and general practice areas could be in need of help in recovering fees.
Perhaps the most dramatic case was that of the national firm that writes off 15 per cent of its debts. It called in Mr Dishman - who, like his fellow director Susan Hawkins, was a credit manager in industry before setting up the company - for advice.
For obvious reasons, he will not give details of his prescriptions - but he offers an enticing picture of what getting debts under control can lead to. The firm could reduce fees by 10 per cent, or it could reduce staffing because such inefficiencies mean that it is employing more people than it needs.
Even firms with write-off levels around 5 per cent are likely to change procedures in response to the findings, Mr Dishman says. He predicts that firms of all sizes will take steps to monitor their business properly.
Even at a highly competitive time like this, firms should not be afraid of sacking clients if not entirely happy with them. 'They have to be brave,' he says.
As a way of concentrating the minds of employees, he holds out the example of one big six firm with which he is currently working. It has set its partners targets for fee collection - and if they are not met the partners do not get paid.
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