The objects of the Company are set out in the Ordinances which were approved by the Lord Mayor and Court of Aldermen in early 1977.

The principal objective is to foster the profession of accountancy and to provide social intercourse and mutual information between members of the Institute of Chartered Accountants in England and Wales.

To further this objective the Ordinances dictate that the Company will promote honourable practice and encourage high standards of behaviour and conduct among its members. It will also create and accumulate funds and apply those funds for charitable purposes generally including education and research projects.

The Company is also required to aid and assist the Institute and other societies connected with the profession, professional, benevolent, social or otherwise and where appropriate to keep a watching brief over petitions made to Parliament in relation to general measures affecting the accountancy profession. These objects clearly reflect those of the Institute itself and the Institute has prime responsibility for them, but the Company has, in addition, a responsibility to support the Mayoralty and the City.