If you join Assurance or Tax then studying for a professional qualification will to be a big part of your first few years with us. We fully support you while you study for the qualification, but it’s important you consider and review the qualifications available prior to applying to us, particularly when you join Assurance. The qualification you study will depend on the territory that you join. We’ll help you to make the right choice for you, the area you join as well as the needs of our business.
The majority of Assurance joiners will undertake the ACCA path (Association of Chartered Certified Accountants) or the ICAEW (The Institute of Chartered Accountants in England & Wales). Some students, in specific circumstances may follow the CPA (American Institute of Certified Public Accountants).
What you need to know about studying for a qualification
Professional qualifications offer a wide range of career opportunities across all business sectors. Whether you follow the ACCA, ICAEW or CPA, each has a Recognised Professional Body (RPB) that you will study under. Your RPB will set the professional standards that govern your training with us. The Institute will issue professional regulations and a Code of Conduct which members undertake to adhere to and it’s your personal responsibility to do this. For example ‘Independence’ is vital for our client work, so that our services and opinions we provide are free from subjectivity or influence.
Chartered Certified or Chartered Accountancy is one of the most diverse, exciting and secure careers. They offer a wide range of career opportunities across all business sectors. The ACCA and ICAEW qualification gives you the opportunity to learn while in full time employment, combining business and professional experience, study and exams. It’s a challenging qualification which will start you on a successful and exciting career path.
More about ACCA
ACCA (the Association of Chartered Certified Accountants) is known as the global body for professional accountants and the qualification is available, and relevant, around the world.
It aims to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
It’s the Institute that will set your professional exams, based on a set of competencies (both technical and experience based) that they have agreed a Chartered Certified Accountant should be able to demonstrate. The ACCA will authorise and inspect training organisations.
On completion, you can join ACCA as a member, be recognised as a chartered certified accountant and use the letters ACCA after your name
There’s a lot of information about the ACCA on their website. http://www.accaglobal.com/join/acca/
More about ICAEW
The Associate of Chartered Accounting, known most commonly as the ACA, is the leading business and finance qualification you gain through the ICAEW. Undertaking the ICAEW and you’ll become part of a community of leading global accountancy professionals. When you become a member, you’ll be awarded the highly-respected ACA designation, which is recognised globally. You will also gain access to world leading information resources, technical guidance, advisory services and local member networks.
You’ll set your professional exams, based on a set of competencies (both technical and experience based) that he institute have agreed a Chartered Accountant should be able to demonstrate. The ICAEW will authorise and inspect training organisations.
On completion, you can join ICAEW as a member, be recognised as a chartered accountant and use the letters ACA after your name.
There are a host of support functions the ICAEW provides and very worthwhile taking a closer look at its website.
Why ICAEW or ACCA?
Popular, widely respected, internationally recognised and broad-based, these qualifications give you a great grounding in accounting, audit and assurance, business finance, business strategy, financial management, financial reporting, law and taxation.
How long does it take?
Both the ICAEW and the ACCA usually take about three to four years.
American Institute of Certified Public Accountants (CPA)
A US qualification, but also well regarded globally. You’ll need to pass a four part exam called the Uniform CPA examination that is prepared and administered by the American Institute of Certified Public Accountants (AICPA). If you follow this route you must meet educational, work experience and other requirements specific to a particular to a State or Jurisdiction.
How long does it take?
You’ll start to study for, and sit all four CPA exams approximately two years after joining us, so you can gain valuable work experience before attempting the exams.