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Update problem

Hello friends
I have a very urgent requirement. Plz help me with an idea....
Under a standard Account object i have a custom object called ABC.
I need to loop through all the custom objects(ABC) including the one i created now(if i am inserting a new record) and check
weather the field on custom object(ABC) called Provider is true.
if it is true then i need to update Status field on Account object with a value "XYZ".
My idea is, to execute a trigger on the save button of the custom object(ABC).
Plz friends suggest me a solution (how to check provider value in all custom objects) as this is a very immediate requirement............... Thank you

Hello did any one know the solution.... I would appriciate all the suggestions. plz reply with a solution.....Thanks

I tried the following way.

trigger xyz on ABC__C(after update) {
List<Account> acctList = new List<Account>();
 for( ABC__C o:
ABC__C[] a=[select Id,Provider__c from ABC__C where Accounting_id__c=:o.Accounting_id__c ];

for(ABC__C b:a)

      Account ac = [select Id from Account where Id= o.Accounting_id__c];

update acctList ;

Message Edited by renu on 06-17-2008 04:31 PM

Message Edited by renu on 06-17-2008 05:38 PM