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Students can use the Foundation-level awards as an entry route onto the ACCA Qualification. Students who complete the Diploma in Accounting and Business will be given exemption from the first three exams of the ACCA Qualification (BT, MA and FA) and can start their studies on the ACCA Qualification with Corporate and Business Law (LW).
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 ...
ICAS has over 24,000 members worldwide who worked in public practice, industry, commerce, the public sector and education. Membership is generally obtained by entering a training contract with an accountancy firm (although it is possible to train within the industry), during which the student gains experience and sits a number of exams.
Until the mid-1990s, academic exam boards and vocational accreditors were run very much as separate organisations. In more recent times, this distinction has been removed, with all the term 'awarding bodies' now being used. This article focuses on the contemporary and historical awarding bodies that set academic exams in state schools.
In 2013, holders of Association of Chartered Certified Accountants (ACCA) and CPA Australia have until 31 December 2016 and existing students have until 31 December 2018 to complete the ICPAS PAC and qualify for the "Chartered Accountant of Singapore" professional designation through the previous transitional arrangements. [22] [23] [24]
AAT members can claim a range of exemptions from ACCA, ICAEW, ICAS, CIPFA and CIMA examinations and vice versa. Many AAT students go on to study for Chartered status with one of the Chartered bodies with approximately 30% of Chartered body membership comprising those who began their studies with AAT.
To become a student and a member of the South African Institute of Chartered Accountants the candidate needs to enroll for an Accounting degree or an equivalent CA(SA) undergraduate qualification at a SAICA accredited university. Once the degree is completed the student is required to complete his Certificate in the Theory of Accounting (CTA).
ICAI is the second largest professional accounting body in the world in terms of number of membership and number of students after the AICPA. [7] It prescribes the qualifications for a Chartered Accountant, conducts the requisite examinations and grants Certificate of Practice.