Normally referred to as ICAEW, this professional membership organisation has more than 144,000 members worldwide.
The Institute was founded in 1880, and is a member of the CCAB, with its members working for both private businesses and in the public sector. Its headquarters are in London, and it has offices all around the world.
The ICAEW offer a chartered accountant qualification, called the ACA. It is highly valued worldwide in the public sector and in business. With a range of components making up the ACA qualification, those completing it will have a great understanding of finances, business, and of course, accountancy.
To be given the title of ‘Chartered Accountant’, as well as the letters ACA, or FCA (Fellow Chartered Accountant), means that an accountant has trained for at least three years, passing a number of thorough exams in the process. You can therefore be sure that your accountant is well versed to take on your finances competently.
To be invited to apply for ICAEW membership, you must have completed ACA training and submitted your records, which ICAEW must verify before inviting you.
Upon receiving your qualification, you will have 12 months to apply. You will need to pay a one-off admission fee, and then an annual membership fee, to become a member of ICAEW.
As a member of ICAEW, accountants will be able to say that they are officially an ICAEW Chartered Accountant, and add ACA to their name, signalling to others that they are highly qualified in the field of accountancy. Members will also be able to benefit from career advice and guidance, networking opportunities, and event invitations, from ICAEW.
ICAEW Chartered Accountants need to record their skills development activities annually, as part of their Continuing Professional Development (CPF), throughout their career.
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