Qualification
CPA UK offers the designations of Certified Public Accountant (ACPA or FCPA). This is the main accounting qualification in the United States; there are also many CPAs in China, Australia and elsewhere. CPA UK was founded in 1989 to offer a British version.
The Association conducts examinations in bookkeeping and accountancy and is in three parts. Foundation level which comprises manual and computerised bookkeeping. Professional level I, which includes financial reporting, management accounting and taxation, allows the successful student the Technician's qualification. The final part or Professional level II includes advanced taxation, company law, company secretarial, ethics and public practice. After completion of the examinations the student must complete two years' experience in public practice.
Members of the Association may use the designatory letters ACPA (Associates) or FCPA (Fellows).
Members wishing to use the designation Certified Public Accountant,or the designatory letters ACPA/ FCPA, in connection with offering services as a practising public accountant to the general public/business community, must be in possession of a valid, current practising certificate.
For a firm to use the designation Certified Public Accountant(s), all the partners or directors/shareholders must be members of the Association and the principal must hold a current practising certificate.
Read more about this topic: Association Of Certified Public Accountants