Admission To Membership
To be admitted to membership of the ICAEW, applicants must generally complete 450 days of relevant work experience (training) and pass a series of examinations. The work experience lasts between three and five years and must be with an employer or employers approved by the Institute for training. The examinations are in two stages, professional stage (twelve papers) and advanced stage (two papers and a case study, which must be taken in the final year of training).
Members of equivalent bodies in other European Economic Area countries and Switzerland may also be admitted to membership after passing an aptitude test, provided they are a citizen of an EEA state or Switzerland.
The Institute has mutual recognition agreements in place with:
- Canadian Institute of Chartered Accountants
- Hong Kong Institute of Certified Public Accountants
- Institute of Chartered Accountants of Australia
- Institute of Chartered Accountants of Bangladesh
- Institute of Chartered Accountants of India
- Institute of Chartered Accountants in Ireland
- Institute of Chartered Accountants of Pakistan
- Institute of Chartered Accountants of Scotland
- Institute of Chartered Accountants of Zimbabwe
- New Zealand Institute of Chartered Accountants
- South African Institute of Chartered Accountants
ICAEW members may be admitted to full membership of the above institutions after passing an aptitude test or subject to other specific requirements.
Starting from 8 January 2010, ICAEW introduced a new "Pathways to Membership" programme whereby it offers the ACA designation on passing its Examination of Experience and sponsorship by ICAEW member or under ICAEW's ATE training environment, to members (qualified through normal examination and training route) of the following accounting institutes:
- American Institute of Certified Public Accountants (AICPA)
- Association of Chartered Certified Accountants (ACCA)
- Chartered Institute of Management Accountants (CIMA)
- Chartered Institute of Public Finance and Accountancy (CIPFA)
- CPA Australia
- Malaysian Institute of Certified Public Accountants (MICPA)
However, AICPA and MICPA members who join the ICAEW under the Pathways to Membership scheme must maintain their home body membership.
ICAEW has signed Memoranda of Understanding (MOU) with accounting bodies in overseas countries. These bodies are The Institute of Chartered Accountants of Bangladesh (ICAB), Institute of Chartered Accountants of India (ICAI), Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Certified Public Accountants of Singapore (ICPAS). There is also a joint scheme in place to enable members of the Chinese Institute of Certified Public Accountants (CICPA) and the Hong Kong Institute of Certified Public Accountants to qualify as ACA with ICAEW. ICAEW is an affiliate of the Institute of Chartered Accountants of the Caribbean.
The full ACA training programme is available in Cyprus, Greece, Malaysia, Mauritius, Romania and the Gulf states.
Read more about this topic: Institute Of Chartered Accountants In England And Wales
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