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These licensed accountants are exactly the same as Chartered Accountants with one very notable exception, they are not permitted to undertake audit work. These 5,000+ AAT Licensed Accountants provide tax and accountancy services to over 500,000 small businesses and individuals in the UK.
The institute is a member of the Consultative Committee of Accountancy Bodies (CCAB), formed in 1974 by the major accountancy professional bodies in the UK and Ireland. The fragmented nature of the accountancy profession in the UK is in part due to the absence of any legal requirement for an accountant to be a member of one of the many Institutes, as the term accountant does not have legal ...
The Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (CCA). Founded in 1904, It is now the fourth-largest professional accounting body in the world, with 252,500 members and 526,000 student members.
The Institute of Singapore Chartered Accountants (ISCA) is a designated entity in the SAC Act and confers the CA (Singapore) designation on behalf of SAC. The Singapore Chartered Accountant Qualification programme has three components: academic base, professional programme and 3 years of practical experience.
CIMA is the largest and the oldest management accounting body in the world, with 115,000 members and 6,500 CGMA students in 2020. [3] The Chartered Global Management Accountant qualification has the academic standing of a master's degree in the UK (recognised at Level 7 by NARIC). [4]
The UK government has a list of professional associations approved for tax purposes (this includes some non-UK based associations, which are not included here). [1] There is a separate list of regulators in the United Kingdom for bodies that are regulators rather than professional associations.
There are four forms of regulated profession in the UK, with respect to the European directives on professional qualifications: professions regulated by law or public authority; professions regulated by professional bodies incorporated by royal charter; professions regulated under Regulation 35; and the seven sectoral professions with harmonised training requirements across the European Union. [5]
The Chartered Institute of Public Finance and Accountancy (CIPFA) is a UK based organisation for accountants who work in the public sector, accounting firms and other professional bodies where management of public funds are required. CIPFA is the only UK professional accountancy organisation who is dedicated to public financial management.