To qualify as a Chartered Accountant with the Institute of Chartered Accountants in England and Wales (ICAEW), you will need to complete the following steps:
Academic Qualifications: You will need to have a degree or equivalent qualification recognized by ICAEW. If you don't have an appropriate degree, you may still be eligible to enter the ACA (Associate Chartered Accountant) qualification via the ICAEW Certificate in Finance, Accounting, and Business (CFAB).
Professional Development: The ACA is a rigorous training program that combines work experience with study. To complete it, you will need to find a training agreement with an ICAEW-authorized employer. During your training agreement, you will be required to complete a minimum of 450 days of practical work experience in accounting and finance, along with completing 15 ICAEW professional development courses.
ACA Exams: You will need to pass 15 exams in total, which are divided into three levels: Certificate, Professional, and Advanced. These exams are designed to test your knowledge and skills in accounting, finance, business, and ethics.
Ethics and Professionalism: As a Chartered Accountant, you will need to adhere to high ethical and professional standards. Therefore, you will need to complete an ethics and professional scepticism module as part of your ACA training.
Membership: Once you have completed your training and exams, you will be eligible for ICAEW membership and will be able to use the ACA designation.
Overall, qualifying as a Chartered Accountant with the ICAEW is a challenging but rewarding process that requires dedication and hard work. It is important to research and plan ahead before starting your journey to ensure you meet all the necessary requirements.
Tax Investigation Insurance
Market leading tax fee protection insurance for businesses, sole traders and individuals. Protect yourself from accountancy fees in the event of an HMRC enquiry.
Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.
You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.
Tax Investigation Insurance is an insurance policy that will fully reimburse your accountant's (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.
A Solar Protect policy will enable your accountant (your tax return agent) to:
- Deal with any correspondence from HMRC
- Attend any meeting with HMRC
- Appeal to the First-tier Tribunal or Upper Tribunal
- Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
Please click here for details.
Post a Comment