The Institute of Chartered Accountants in England and Wales (ICAEW) was established by a Royal Charter in 1880. It has over 138,000 members. Over 15,000 of these members live and work outside the UK. The Institute also has some 9,000 students.
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 protection. However, a person must belong to the ICAEW, ICAS or ICAI to hold themselves out as a chartered accountant in the UK (although there are other chartered bodies of British qualified accountants).
The ICAEW has two offices in the UK; the main one is in Moorgate, London and the other in Central Milton Keynes, in the newly built Hub:MK complex. In 2009 it also opened regional offices in Singapore and Dubai to support its members in Asia, followed by Beijing in 2011.
Read more about Institute Of Chartered Accountants In England And Wales: Admission To Membership, Membership Categories, Faculties, District Societies
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