The Association of Chartered Certified Accountants (ACCA)
Type	British chartered accountancy body
Founded	[England, UK] (1904)
Headquarters	London, [England, UK]
Industry	Accountancy and Finance
Subsidiaries	The Association of Authorised Public Accountants (AAPA)
Website	www.accaglobal.com

The Association of Chartered Certified Accountants (ACCA) is a British chartered accountancy body with a global presence that offers the Chartered Certified Accountant (Designatory letters ACCA or FCCA) qualification worldwide. British qualified accountants are full members of those United Kingdom Accountancy bodies which are themselves members of the Consultative Committee of Accountancy For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Accountancy or accounting is the measurement statement or provision of assurance about financial information primarily used by Lenders managers, The field of finance refers to the concepts of Time, Money and Risk and how they are interrelated A subsidiary, in business matters is an entity that is controlled by a bigger and more powerful entity The Association of Authorised Public Accountants (AAPA is a British professional body for public accountants A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages British qualified accountants are full members of those United Kingdom Accountancy bodies which are themselves members of the Consultative Committee of Accountancy Chartered Certified Accountant (Designatory letters ACCA or FCCA) is a British qualified accountant designation awarded by the Association It is one of the world's largest and fastest-growing accountancy bodies with 122,426 members and 325,606 affiliates and students in 170 countries. The Institute's headquarters are in London with the principal administrative office being based in Glasgow. London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. Glasgow (ˈglæzgoʊ is the largest city in Scotland and third most populous in the United Kingdom In addition the ACCA has a network of nearly 80 staffed offices and other centres around the world.

The ACCA is a founding member body of the Consultative Committee of Accountancy Bodies (CCAB) and the International Federation of Accountants (IFAC). The Consultative Committee of Accountancy Bodies (known as CCAB) is an umbrella group for the British chartered accountancy bodies The International Federation of Accountants ( IFAC) is the global organization for the accountancy profession

The term 'Chartered' in ACCA qualification refers to the Royal Charter granted by Her Majesty the Queen in the United Kingdom. A Royal Charter is a Charter granted by the Sovereign on the advice of the Privy council to legitimize an incorporated body such as a city company The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located

Since Chartered Certified Accountant is a legally protected term, individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and, if they carry out public practice engagements, must comply with additional regulations such as holding a practising certificate, being insured against any possible liability claims and submitting to inspections. Chartered Certified Accountant (Designatory letters ACCA or FCCA) is a British qualified accountant designation awarded by the Association

The Association of Authorised Public Accountants (AAPA), one of British professional body for public accountants becomes a subsidiary of ACCA since 1996. The Association of Authorised Public Accountants (AAPA is a British professional body for public accountants British qualified accountants are full members of those United Kingdom Accountancy bodies which are themselves members of the Consultative Committee of Accountancy

Contents 1 History 2 Qualifications 2.1 A. Chartered Certified Accountant (ACCA) - Professional Scheme 2.2 B. Certified Accounting Technician (CAT) 2.3 C. Other qualifications 3 Membership 3.1 Associateship 3.2 Fellowship 3.3 Continuing Professional Education 4 Legal & Mutual Recognition 4.1 Europe 4.1.1 (A.)United Kingdom and Republic of Ireland 4.1.2 (B.)European Union (EU), European Economic Area (EEA) & Switzerland 4.1.3 (C.)Turkey 4.1.4 (D.)Others 4.2 North America 4.2.1 (A.)United States (US) 4.2.2 (B.)Canada 4.3 Oceania 4.3.1 (A.)Australia 4.3.2 (B.)New Zealand 4.4 Caribbean, Central & South America 4.5 Africa 4.5.1 (A.)South Africa 4.5.2 (B.)Zimbabwe 4.5.3 (C.)Others 4.6 Asia 4.6.1 (A.)China 4.6.1.1 1. Hong Kong SAR 4.6.1.2 2. Macau SAR 4.6.1.3 3. Taiwan 4.6.2 (B.)Singapore 4.6.3 (C.)Malaysia 4.6.4 (D.)Pakistan 4.6.5 (E.)Others 5 Global Partnership 5.1 Professional Partners 5.2 University Links 5.3 Representation worldwide 6 See also 7 Notes and references 8 External links

History

ACCA can trace its history back to 1904 when eight people formed the London Association of Accountants. This was done in order to allow more open access to the profession than was available through the existing accounting bodies at the time, notably the Institute of Chartered Accountants in England and Wales and the Institute of Chartered Accountants of Scotland. The Institute of Chartered Accountants in England & Wales (ICAEW was established by a Royal Charter in 1880 The Institute of Chartered Accountants of Scotland (ICAS is the Scottish professional Accountancy body for Chartered accountants and Auditors As of 2006, the goal of ACCA is to become the world’s leading global professional body by reputation, influence and size.

A timeline of key dates in the history of ACCA and its predecessor bodies is:

• 1930 : London Association of Accountants successfully campaigns for the right to audit companies
• 1933 : London Association of Accountants renamed London Association of Certified Accountants
• 1939 : Corporation of Accountants (Scottish body, founded 1891) merges with London Association of Certified Accountants to become the Association of Certified and Corporate Accountants
• 1941 : Institution of Certified Public Accountants (founded 1903, and incorporating the Central Association of Accountants from 1933) merges with Association of Certified and Corporate Accountants
• 1971 : Association of Certified and Corporate Accountants renamed Association of Certified Accountants
• 1974 : Royal Charter received from Her Majesty the Queen. A Royal Charter is a Charter granted by the Sovereign on the advice of the Privy council to legitimize an incorporated body such as a city company
• 1974 : ACCA becomes one of the six founding members of the Consultative Committee of Accountancy Bodies (CCAB). The Consultative Committee of Accountancy Bodies (known as CCAB) is an umbrella group for the British chartered accountancy bodies
• 1977 : ACCA becomes a founding member of the International Federation of Accountants (IFAC). The International Federation of Accountants ( IFAC) is the global organization for the accountancy profession
• 1984 : Association of Certified Accountants renamed Chartered Association of Certified Accountants
• 1996 : Chartered Association of Certified Accountants renamed Association of Chartered Certified Accountants. Members become entitled to use the title Chartered Certified Accountant (Designatory letters ACCA or FCCA). Chartered Certified Accountant (Designatory letters ACCA or FCCA) is a British qualified accountant designation awarded by the Association The Association of Authorised Public Accountants becomes a subsidiary of ACCA. The Association of Authorised Public Accountants (AAPA is a British professional body for public accountants
• 1998 : ACCA's syllabus formed the basis of the United Nations' global accountancy curriculum titled Guideline on National Requirements for the Qualification of Professional Accountants published in 1999. The United Nations ( UN) is an International organization whose stated aims are to facilitate cooperation in International law, International security ACCA was a participant in the consultative group, which devised this global Benchmark, and reference to ACCA's role is included throughout the publication.

Qualifications

The ACCA offers the following qualifications:

A. Chartered Certified Accountant (ACCA) - Professional Scheme

The Professional Scheme is the primary qualification of the ACCA and, following completion of up to 14 professional examinations and three years of supervised, relevant accountancy experience, enables an individual to become a Chartered Certified Accountant. Chartered Certified Accountant (Designatory letters ACCA or FCCA) is a British qualified accountant designation awarded by the Association

• In accordance with ACCA's traditions, there is open access to its examinations.
• As part of the Professional Scheme, a Bachelor of Science (Honours) degree in Applied Accounting (after completing Part 2 of the Professional Scheme and submitting a Research project), is offered in association with Oxford Brookes University)
• The current syllabus is made up of 14 examinations, although some exemptions are available. Oxford Brookes University is a public University in Oxford, England. The papers are split into four parts. Within Part 4, there are four optional papers (of which two must be selected).
• Subjects examined include financial accounting, management accounting, financial audit, taxation , company law, financial management, management information systems and strategic management. Financial accountancy (or financial accounting) is the field of Accountancy concerned with the preparation of Financial statements for decision makers Management accounting is concerned with the provisions and use of Accounting information to managers within organizations to provide them with the basis to make informed business A financial audit, or more accurately an audit of financial statements, is the examination by an independent third party of the financial statements of a company Corporate law (also "company" or "corporations" law is the Law of the most dominant kind of business enterprise in the modern world Management Information System ( MIS) is a subset of the overall Internal controls of a business covering the application of people documents technologies and procedures Strategic management is the art science and craft of formulating implementing and evaluating cross-functional decisions that will enable an organization to achieve its objectives
• A new ACCA qualification will start from the December 2007 examination sitting. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. The new syllabus updates the qualification for recent developments in the accountancy profession and reorganises the papers within the qualification. It is ACCA policy to update the examination syllabus on a regular basis. Changes were made previously in 2001 and 1994.

The ACCA Professional examinations are offered worldwide twice yearly, in June and December.

B. Certified Accounting Technician (CAT)

This is an introductory accounting technician qualification. Although CAT can be obtained as a standalone qualification, it is often the case that individuals study for CAT as an introduction to accountancy prior to starting the Professional Scheme. It usually takes 1. 5 years to complete the Certified Accounting Technician exams. However, there is no restriction on the number of papers that can be attempted in one attempt.

Alternatives to the CAT qualification include the Association of Accounting Technicians qualification. The Association of Accounting Technicians, or AAT, is an accountancy organisation with over 108000 members worldwide ACCA was a sponsor of the AAT before breaking its links in favour of the CAT qualification in the mid 1990s.

Currently, the Certified Accounting Technician qualification (CAT) has been placed on the Qualifications and Curriculum Authority (QCA) National Qualifications Framework and publicly funded educational institutions are now eligible for funding to train towards the qualification in United Kingdom. The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located

C. Other qualifications

The ACCA offers other qualifications:

• an MBA (for ACCA full members, offered in association with Oxford Brookes University)
• Diploma in Financial Management (DipFM). The Master of Business Administration ( MBA) is a Master's degree in Business administration, which attracts people from a wide range of academic disciplines Oxford Brookes University is a public University in Oxford, England. Introduced in the mid-1980s as the Certified Diploma in Accounting and Finance this is a financial qualification designed for non-finance managers.
• Diploma in International Financial Reporting (DipIFR)
• Diploma in Financial Management
• Certificate in International Auditing (CertIA)
• Certificate in International Financial Reporting (CertIFR)

Membership

Associateship

In the first instance, individuals register as student members to undertake the Professional Scheme qualification.

Upon completion of the examinations, student members are automatically transferred to Affiliate status. To become a Chartered Certified Accountant, or a full member of the Association, affiliates must have three years of supervised, relevant accountancy experience and must have documentary evidence of this in the form of the Student Training Records. Chartered Certified Accountant (Designatory letters ACCA or FCCA) is a British qualified accountant designation awarded by the Association In common with many United Kingdom professional bodies, full membership of ACCA is known as Associateship, which are entitled to describe themselves as Chartered Certified Accountant and carries the designatory letters ACCA. The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located Chartered Certified Accountant (Designatory letters ACCA or FCCA) is a British qualified accountant designation awarded by the Association

Fellowship

Fellowship, or senior membership of ACCA, or being Chartered Certified Accountants above 3 years or 5 years(According to the new rules), is awarded on the following bases:

• after 3 years continuous membership, upon application, with documented Continuing Professional Education; or
• for members admitted to Associateship before 2002, automatically after five years continuous membership. Chartered Certified Accountant (Designatory letters ACCA or FCCA) is a British qualified accountant designation awarded by the Association

ACCA has decided that from 1 January 2008, Fellowship will be awarded based on 5 years continuous membership, with compliance with Continuing Professional Education requirements. Advancement to Fellowship will be automatic provided the member has not breached CPE requirements. Members admitted before 2005 may still apply for Fellowship under the 3 year rule before 1 January 2008.

Fellow members of ACCA use the designatory letters FCCA in place of ACCA.

As of 2006, there are 115,345 members and 296,000 affiliates and students in 170 countries. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. ^[1]

Continuing Professional Education

Before 2005, Continuing Professional Education (CPE) was mandatory only for holders of practising certificates and insolvency licences. From 2005, ACCA is extending mandatory CPE to all members on a phased basis:

• Phase 1: Effective 1 January 2005, for members admitted to Associateship on or after 1 January 2001 (plus all practising certificate and insolvency licence holders)
• Phase 2: Effective 1 January 2006, for members admitted to Associateship 1 January 1995 and 31 December 2000
• Phase 3: Effective 1 January 2007, for members admitted to Associateship on or before 31 December 1994.

It is permissible for a member to adopt CPE earlier than the deadline.

Legal & Mutual Recognition

Europe

(A. )United Kingdom and Republic of Ireland

• The ACCA or Chartered Certified Accountant qualification is fully recognised in the United Kingdom and Republic of Ireland. Chartered Certified Accountant (Designatory letters ACCA or FCCA) is a British qualified accountant designation awarded by the Association The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located Ireland ( Irish: Éire, ˈeːrʲə is a country in north-western Europe.
  • Under the Royal Charter granted by Her Majesty the Queen, ACCA works in the public interest. A Royal Charter is a Charter granted by the Sovereign on the advice of the Privy council to legitimize an incorporated body such as a city company
  • ACCA is a Designated Professional Body under the Financial Services and Markets Act, licensing firms of Chartered Certified Accountants to conduct a range of incidental investment business activities. Chartered Certified Accountant (Designatory letters ACCA or FCCA) is a British qualified accountant designation awarded by the Association
  • ACCA is a Recognised Professional Body under the Insolvency Act to issue permits to individual Chartered Certified Accountants to conduct insolvency appointments. Chartered Certified Accountant (Designatory letters ACCA or FCCA) is a British qualified accountant designation awarded by the Association
  • ACCA is also a Recognised Qualifying Body and Recognised Supervisory Body in relation to company auditing under the Companies Act 1989.
  • ACCA is a member of the Consultative Committee of Accountancy Bodies (CCAB). The Consultative Committee of Accountancy Bodies (known as CCAB) is an umbrella group for the British chartered accountancy bodies Members of these bodies are deemed to hold equivalent-level qualifications and advertisements for jobs often state that an organisation is looking for a CCAB-qualified individual.
  • Full members of CCAB organisations including ACCA can apply for ICAEW membership subject to certain criteria. The Consultative Committee of Accountancy Bodies (known as CCAB) is an umbrella group for the British chartered accountancy bodies The Institute of Chartered Accountants in England & Wales (ICAEW was established by a Royal Charter in 1880 Details
  • Only ACCA, ICAEW, ICAI and ICAS are able to authorise members to conduct audit, insolvency and investment business work in the United Kingdom and Republic of Ireland. The Institute of Chartered Accountants in England & Wales (ICAEW was established by a Royal Charter in 1880 The Institute of Chartered Accountants in Ireland is a professional accountancy body in the Republic of Ireland and Northern Ireland. The Institute of Chartered Accountants of Scotland (ICAS is the Scottish professional Accountancy body for Chartered accountants and Auditors The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located Ireland ( Irish: Éire, ˈeːrʲə is a country in north-western Europe.
• Outside these countries, legal recognition by government authorities, and mutual recognition by equivalent overseas institutes, varies from country to country. Even where full legal or mutual recognition is not available, ACCA members can sometimes obtain advanced standing in terms of sitting local accountancy examinations. Transfer credit, credit transfer or advanced standing is the term used by Colleges and Universities for the procedure of granting credit Additionally, in many instances, ACCA's strong global reputation may obviate the need to acquire a local designation.
• Similarly, many (although not all) universities and educational providers will recognise ACCA as equivalent to at least a bachelor degree in accountancy, for the purpose of obtaining credit to acquire a local bachelors degree or enter an advanced study program. A bachelor's degree is usually an Undergraduate Academic degree awarded for a course or major that generally lasts for three four or in some cases and Accountancy or accounting is the measurement statement or provision of assurance about financial information primarily used by Lenders managers,

The Irish educational regulatory authorities - Higher Education and Training Awards Council (HETAC) has assigned ACCA Qualification to Level 9 of the Irish National Qualifications Framework (NQF) in 2008. Level 9 holds Irish postgraduate qualifications, such as postgraduate diplomas and masters degrees.

(B. )European Union (EU), European Economic Area (EEA) & Switzerland

• The ACCA qualification is legally recognized by all member countries of the European Union under the Mutual Recognition Directive. The European Union ( EU) is a political and economic union of twenty-seven member states, located primarily in There are two main European legal instruments covering the mutual recognition of professional qualifications: Directive 89/48/EEC and Directive 92/51/EEC. This recognition extends to the European Economic Area nations and Switzerland. The European Economic Area ( EEA) came into being on 1 January 1994 following an agreement between member states of European Free Trade Association (EFTAthe Switzerland (English pronunciation; Schweiz Swiss German: Schwyz or Schwiiz Suisse Svizzera Svizra officially the Swiss Confederation For example a holder of the ACCA or Chartered Certified Accountant qualification could practice as an accountant in all member countries of the European Union, European Economic Area and Switzerland, but could only describe him/herself as ACCA or Chartered Certified Accountant rather than local professional accountant qualification. Chartered Certified Accountant (Designatory letters ACCA or FCCA) is a British qualified accountant designation awarded by the Association The European Union ( EU) is a political and economic union of twenty-seven member states, located primarily in The European Economic Area ( EEA) came into being on 1 January 1994 following an agreement between member states of European Free Trade Association (EFTAthe Switzerland (English pronunciation; Schweiz Swiss German: Schwyz or Schwiiz Suisse Svizzera Svizra officially the Swiss Confederation Access to local professional qualifications is based on an aptitude test. However, it is necessary to be a citizen of one of the EEA states or Switzerland to benefit from this Directive.

(C. )Turkey

• ACCA and TÜRMOB (The Union of Chambers of Certified Public Accountants of Turkey) at Turkey signed a partnership agreement in 2004 which enables TÜRMOB members resident in Turkey to follow the ACCA Professional Scheme qualification and achieve ACCA membership. Turkey (Türkiye known officially as the Republic of Turkey ( is a Eurasian Country that stretches Turkey (Türkiye known officially as the Republic of Turkey ( is a Eurasian Country that stretches

(D. )Others

• The ACCA currently is recognized by the national accounting institutes with the joint scheme relationships in:
  • Cyprus (Institute of Certified Public Accountants of Cyprus);
  • Malta (Malta Institute of Accountants);
  • Armenia (Association of Accountants and Auditors in Armenia);
  • Georgia (Georgian Federation of Professional Accountants and Auditors). Cyprus (Κύπρος transliterated: Kýpros,; Kıbrıs officially the Republic of Cyprus (Κυπριακή Δημοκρατία Kypriakī́ Dīmokratía Malta, officially the Republic of Malta (Repubblika ta' Malta is a European Microstate, comprising an Archipelago of three islands Armenia (Հայաստան transliterated: Hayastan,) officially the Republic of Armenia (Հայաստանի Հանրապետություն Hayastani Georgia ( საქართველო, Sakartvelo) is a Transcontinental country in the Caucasus region situated at the dividing line between

As of end of 2006, there are 64,574 members and 91,379 students/affiliates in Western Europe, UK and Ireland, as well as 3,279 members and 17,273 students/affiliates in Central/Eastern Europe respectively.

North America

(A. )United States (US)

• A mutual recognition between ACCA and AICPA/NASBA does not exist, but is under negotiation as of December 2006. The American Institute of Certified Public Accountants (AICPA is the national professional association of CPAs in the United States, with more than 330000 members The National Association of State Boards of Accountancy (NASBA is an umbrella group for the 55 state boards that regulate the accountancy profession in the United States of America However, it has effectively been put on hold pending a decision by the UK regulatory body, the Professional Oversight Board of Accountancy (POBA). It should also be noted that even if ACCA gained statutory recognition, it would still be up to the individual states to grant reciprocity within their state. [1]
• Currently ACCA membership is recognised by the Colorado State Board of Accountancy as meeting the educational requirements to sit for the US Uniform Certified Public Accountant Examination. The Uniform Certified Public Accountant Examination (Uniform CPA Exam is the examination administered to most people who become Certified Public Accountants in the United The majority of ACCA members who pass the CPA exam may apply for licensing as a Certified Public Accountant (CPA) in the state of Colorado, USA after completing a qualifications evaluation. Certified Public Accountant ( CPA) is the Statutory title of qualified Accountants in the United States who have passed the Uniform The State of Colorado ( or chiefly by nonresidents) is a state located in the Rocky Mountain region of the United States of America. The United States of America —commonly referred to as the
• As of 2002, World Education Services (WES) indicated that the evaluation awarded 9 U. S. semester credits for every subject passed in ACCA exams resulting in a total of 126 U. S. semester credits based on ACCA studies, so it allows ACCA associate members to sit for uniform CPA examination at the states with 120 U. S. semester credits requirements. [2]

As of end of 2005, there are 1,315 members in USA.

(B. )Canada

• ACCA announced a Mutual Recognition Agreement with CGA Canada effective from 1 January 2007. ' Certified General Accountant (CGA' is a professional designation representing members of the Certified General Accountants Association of Canada (CGA- Canada) provincial ^[2]
• ACCA is recognized by Canadian government as an eligible qualification to audit federal government institutions in Canada ^[3]
• As of 2006, Canadian Institute of Chartered Accountants, World Education Services (WES) and the Odette School of Business at the University of Windsor indicated that the evaluation recognized ACCA as having the Canadian equivalence of a Bachelor's Degree (four years) in Accounting. Country to "Dominion of Canada" or "Canadian Federation" or anything else please read the Talk Page The Canadian Institute of Chartered Accountants (CICA is the umbrella body for the Chartered Accountant profession in Canada and Bermuda. The University of Windsor is a Non-denominational, provincially-supported Coeducational, public comprehensive university in Windsor, Ontario ^[4]
• The Canadian branch of ACCA is pursuing recognition for statutory audit purposes in the province of Ontario under the province's Public Accounting Act of 2004

As of 2006, ACCA has 1,100 members and over 400 students residing in Canada, the largest concentration of which live in Ontario. Ontario (ɒnˈtɛrioʊ is a province located in the central part of Canada, the largest by population and second largest after Quebec

Oceania

(A. )Australia

• The ACCA qualification is statutory recognised as a prescribed body for insolvency purposes under the Corporation Act 2001, section 1282 and for audit purposes by ASIC under Practice Statement 180 Auditor recognition in Australia. For a topic outline on this subject see List of basic Australia topics.
• For migration purposes, the Institute of Chartered Accountants of Australia and National Institute of Accountants recognise the ACCA qualification as sufficient to obtain a skill assessment as an Accountant for the purpose of migration to Australia. The Institute of Chartered Accountants in Australia (the Institute is the professional accounting body representing Chartered Accountants in Australia. The National Institute of Accountants (NIA is an Australian professional accounting body
• There is no mutual recognition agreement in place with the Institute of Chartered Accountants of Australia (ICAA) or CPA Australia (CPAA). The Institute of Chartered Accountants in Australia (the Institute is the professional accounting body representing Chartered Accountants in Australia. CPA Australia is one of three professional accounting bodies in Australia, the others being the National Institute of Accountants and the Institute
• The ACCA qualification is recognised as at least equivalent to an Australian bachelors degree in accountancy (although not by CPA Australia). CPA Australia is one of three professional accounting bodies in Australia, the others being the National Institute of Accountants and the Institute This allows ACCA members to obtain a direct entry to the examinations or advanced standing from Institute of Chartered Accountants of Australia or National Institute of Accountants. The Institute of Chartered Accountants in Australia (the Institute is the professional accounting body representing Chartered Accountants in Australia. The National Institute of Accountants (NIA is an Australian professional accounting body
• Subject to passing exams in Australian tax and law, ACCA members may obtain the Professional National Accountant (PNA) designation from the National Institute of Accountants. The National Institute of Accountants (NIA is an Australian professional accounting body On the same basis, ACCA members can obtain direct entry to the CA Program of the ICAA.

As of end of 2007, there are 1,817 members in Australia.

(B. )New Zealand

• The ACCA qualification is statutory recognised in New Zealand legislation for registration to perform statutory audit work. New Zealand is an Island country in the south-western Pacific Ocean comprising two main landmasses (the North Island and the South Island ACCA is gazetted under the relevant act (Under Section 199 of the Companies Act 1993: Qualifications of Auditors) in New Zealand. An ACCA member can practice as long as they hold an ACCA public practice certificate (with audit qualification) in their country of origin.
• A mutual recognition agreement existed between ACCA and the New Zealand Institute of Chartered Accountants (NZICA). The New Zealand Institute of Chartered Accountants (NZICA is the operating name for the Institute of Chartered Accountants of New Zealand This was terminated by NZICA on 1 January 2003 and replaced with a new limited recognition of the ACCA qualification. Details (MS Word)

Caribbean, Central & South America

• The ACCA qualification currently is legally recognized by the national accounting institutes with the joint scheme relationships in:
  • Barbados (Institute of Chartered Accountants of Barbados);
  • Bahamas (Bahamas Institute of Chartered Accountants);
  • Belize (Institute of Chartered Accountants of Belize);
  • Dominica (Recognized by Companies Act 1994 in the Commonwealth of Dominica);
  • Guyana (Institute of Chartered Accountants of Guyana);
  • Jamaica (Institute of Chartered Accountants of Jamaica);
  • Trinidad and Tobago (Institute of Chartered Accountants of Trinidad and Tobago);
  • Saint Lucia (Institute of Chartered Accountants of Saint Lucia);

• The ACCA qualification is legally recognized in the following jurisdictions:
  • French Guiana (Part of France and hence subject to European Union regulations). Barbados ( Portuguese word for bearded-ones, bɑrˈbeɪdoʊz -dɒs situated just east of the Caribbean Sea, is an independent Island nation The Institute of Chartered Accountants of Barbados is a professional Accountancy body in Barbados. The Bahamas, officially the Commonwealth of The Bahamas, is an independent sovereign English -speaking country consisting of two thousand Cays and The Bahamas Institute of Chartered Accountants is a professional Accountancy body in the Bahamas. Belize (bəˈliːz formerly British Honduras, is a country in Central America. The Commonwealth of Dominica, commonly known as Dominica, is an Island nation in the Caribbean Sea. Guyana (ɡaɪˈænə or /ɡiːˈɑːnə/ officially the Co-operative Republic of Guyana and previously known as British Guiana, is the only Nation state The Institute of Chartered Accountants of Guyana is a professional Accountancy body in Guyana. Jamaica (ˈdʒəˈmeɪkə} is an Island nation of the Greater Antilles, in length and as much as in width situated in the Caribbean Sea. The Institute of Chartered Accountants of Jamaica is a professional Accountancy body in Jamaica. The Republic of Trinidad and Tobago (ˈtrɪnɪdæd ən təˈbeɪgoʊ is an archipelagic state in the southern Caribbean, lying northeast of the South American The Institute of Chartered Accountants of Trinidad and Tobago is a professional Accountancy body in Trinidad and Tobago. Saint Lucia (ˌseɪnt ˈluːʃɪə is an Island nation in the eastern Caribbean Sea on the boundary with the Atlantic Ocean. French Guiana (Guyane française officially fr ''Guyane'' is an Overseas department (French département d'outre-mer, or DOM) of France This article is about the country For a topic outline on this subject see List of basic France topics. The European Union ( EU) is a political and economic union of twenty-seven member states, located primarily in

Africa

(A. )South Africa

• The ACCA qualification currently is recognized by the South African Institute of Professional Accountants (SAIPA).
• The ACCA Professional Scheme has been registered at Level 7 (equivalent to master degree level) on the South African National Qualifications Framework (NQF)in South Africa. The Republic of South Africa (also known by other official names) is a country located at the southern tip of the continent of Africa

(B. )Zimbabwe

• ACCA Zimbabwe is one of the constituent bodies of the Public Accountants and Auditors Board (PAAB). The PAAB is a statutory body established in 1996, to oversee the regulation of the profession and maintain a register of persons entitled to work or practise as public accountants or public auditors in Zimbabwe. See also Great Zimbabwe National Monument. For information about the March and June 2008 presidential elections see Zimbabwean presidential election Only members in good standing of ACCA and Institute of Chartered Accountants of Zimbabwe register as auditors.

(C. )Others

• The ACCA qualification currently is legally recognized by the national accounting institutes with the joint scheme relationships in:
  • Ghana ([Institute of Chartered Accountants of Ghana])
  • Botswana (Botswana Institute of Accountants);
  • Egypt (The Egyptian Society of Accountants & Auditors);
  • Ethiopia (The Ethiopian Professional Association of Accountants and Auditors);
  • Lesotho (Lesotho Institute of Accountants);
  • Malawi (The Society of Accountants in Malawi);
  • Mauritius (The National Equivalence Council of Mauritius);
  • Nigeria (Institute of Chartered Accountants of Nigeria);
  • Sierra Leone (Institute of Chartered Accountants of Sierra Leone);
  • Swaziland (Swaziland Institute of Accountants);
  • Zambia (Zambia Institute of Chartered Accountants). The Republic of Ghana is a country in West Africa. It borders Côte d'Ivoire (Ivory Coast to the west Burkina Faso to the north Togo to the The Republic of Botswana (Lefatshe la Botswana is a Landlocked nation in Southern Africa. This article is about the country of Egypt For a topic outline on this subject see List of basic Egypt topics. NOTE This intro is the result of careful NPOV work Please do not make potentially controversial edits to it without first discussing on the talk page Lesotho (lɪˈsuːtuː) officially the Kingdom of Lesotho, is a Landlocked country and Enclave — entirely surrounded by the Republic of South The Republic of Malawi (məˈlɑːwi or; formerly Nyasaland) is in southern Africa. Mauritius (pronounced məˈrɪʃəs L’île Maurice /il mɔ'ʁis/ Mauritian Creole: Maurice) officially the Republic of Mauritius, République Nigeria, officially named the Federal Republic of Nigeria, is a federal Constitutional republic comprising thirty-six states and one Federal The Institute of Chartered Accountants of Nigeria is a professional Accountancy body in Nigeria. Sierra Leone, officially the Republic of Sierra Leone, is a country in West Africa. The Institute of Chartered Accountants of Sierra Leone is a professional Accountancy body in Sierra Leone. The Kingdom of Swaziland is a country located in Southern Africa centred at approximately 26o49'S 31o38'E The Republic of Zambia (ˈzæmbɪə is a Landlocked country in Southern Africa.

Asia

(A. )China

1. Hong Kong SAR

• A new Agreement of Recognition Arrangement (ARA) between ACCA and HKICPA (Local statutory accountancy body) was put in place on 22 August 2006, backdated to 1 July 2005. The Hong Kong Institute of Certified Public Accountants ( Chinese 香港會計師公會 (HKICPA is a professional body for Accountants in Hong Kong. Details.

This replaced the old Mutual Recognition Agreement (MRA) that was terminated by HKICPA on 30 June 2005. It was a disaster for ACCA members when they had to go thought so called "8 unfair terms" e. g. holding a degree recognized by HKICPA (ACCA degree offered by OUB was failed in the test), worked under HKICPA authorized employers,attend workshop, passed Final Professional Examination (FPE) etc.

On the contrary, HKICPA members could join in ACCA without any further requirement.

• However, ACCA qualification is highly recognized by the Hong Kong employment market due to international and historical influences. Hong Kong ( officially the Hong Kong Special Administrative Region, is a territory located on China 's south coast on the Pearl River Delta, and borders Most HKICPA members qualified through HKSA-ACCA joint scheme which was operated for more than 20 years. HKSA (Hong Kong Society of Accountants) was the old name of HKICPA.

As of end of 2005, there are 16,609 members in Hong Kong SAR

2. Macau SAR

• The ACCA currently is legally recognized with the joint scheme relationships by Macau Society of Certified Practising Accountants (Local statutory accountancy body) in Macau. For a topic outline on this subject see List of basic Macau topics.

3. Taiwan

• According to the rules 6(iii) & 9 of accountancy examiniation published by Taiwan government, the British qualified accountants - ACCA members or Chartered Certified Accountants are entitled to obtain advanced standing in the examinations to become a Certified Public Accountant in Taiwan. Taiwan ( Taiwanese: Tâi-oân/Tāi-oân (historically 大灣/台員/大員/台圓/大圓/台窩灣 is an Island in East Asia. British qualified accountants are full members of those United Kingdom Accountancy bodies which are themselves members of the Consultative Committee of Accountancy Chartered Certified Accountant (Designatory letters ACCA or FCCA) is a British qualified accountant designation awarded by the Association Certified Public Accountant ( CPA) is the Statutory title of qualified Accountants in the United States who have passed the Uniform Taiwan ( Taiwanese: Tâi-oân/Tāi-oân (historically 大灣/台員/大員/台圓/大圓/台窩灣 is an Island in East Asia. （Details）

(B. )Singapore

• ACCA and national accountancy body, Institute of Certified Public Accountants of Singapore (ICPAS), have operated a Joint Scheme of Examinations since 1983. The Joint Scheme is based on ACCA's examinations and allows students to sit papers in Singapore law and tax. All students who successfully complete the Joint Scheme examinations satisfy the examination requirements of both ACCA and ICPAS and are eligible to apply for membership of both bodies. ACCA's student numbers in Singapore for the Joint Scheme have topped 11,000. Singapore
• Singapore government recognizes ACCA qualification to meet her migration skills assessment to immigrate in Singapore.

As of end of 2005, there are 5,161 members in Singapore.

(C. )Malaysia

• On the 13th August 2007 ACCA and the Malaysian Institute of Certified Public Accountants (MICPA) signed a mutual recognition agreement (MRA), providing a route for members of both accountancy bodies to join the other body and to enjoy the benefits which both respected designations have to offer.

• The ACCA or Chartered Certified Accountant qualification currently is recognized by the Malaysian Institute of Accountants, non MIA member will not be considered as qualified accountant in Malaysia. For the biogeographical region see Malesia Malaysia (məˈleɪʒə or /məˈleɪziə/ is a country that consists of thirteen states and

• ACCA is statutory recognised in Part II of the First Schedule of the Accountants Act, 1967.

As of end of 2005, there are 7,417 members in Malaysia

(D. )Pakistan

• The ACCA qualification is legally recognised as Qualified Company Secretary in Pakistan, and there is partial recognition between ACCA and the local statutory accounting body (Institute of Chartered Accountants of Pakistan). Pakistan () officially the Islamic Republic of Pakistan, is a country located in South Asia, Southwest Asia, Middle East and The Institute of Chartered Accountants of Pakistan is a professional Accountancy body in Pakistan. ACCA affiliates are exempted first four modules (A-D) of the Institute of Chartered Accountants of Pakistan qualification.

• ACCA in Pakistan has seen tremendous growth during the last five years with thousands of students enrolling every year into ACCA programs. Various local colleges and universities are also now offering ACCA programs in all major cities of the country. Some of the prominent local colleges and universities offering ACCA courses are PAC [3] SKANS CAMS , Aureole Training , Al-Hamd and TSA

(E. )Others

• The ACCA currently is legally recognized by the national accounting institutes with the joint scheme relationships in:
  • Vietnam (The Ministry of Finance of the Socialist Republic of Vietnam);
  • Brunei (Brunei Institute of Certified Public Accountants);
  • Cambodia (The Ministry of Economy and Finance Kampuchea Institute of Certified Public Accountants and Auditors);
  • Laos (The Ministry of Finance of the Lao People's Democratic Republic). Vietnam (ˌviːɛtˈnɑːm Việt Nam) officially Brunei Darussalam, (bruːˈnaɪ in English officially the State of Brunei Abode of Peace (Negara Brunei Darussalam Jawi: برني دارالسلام The Kingdom of Cambodia ( formerly known as Kampuchea (, transliterated: Preăh Réachéanachâkr Kâmpŭchea) is a country in South East Laos (ˈlɑːoʊs or /ˈlaʊs/ officially the Lao People's Democratic Republic, is a Landlocked country in Southeast Asia, bordered by Burma

Global Partnership

Professional Partners

• Through a range of partnerships with professional institutions, ACCA offers students and members access to other related professionals.
  • The full members of ACCA are one of two professional bodies' members (Another is the charterholders of Chartered Financial Analyst (CFA)) to be recognized by UK's Securities & Investment Institute (SII) as the equivalent level of SII full membership (MSI). Chartered Financial Analyst ( CFA) is an international professional designation offered by the CFA Institute of USA (formerly known as AIMR to Financial (Details) Full membership of SII is recognized by several national investment professional bodies such as in Australia (Financial Services Institute of Australasia (Finsia), formerly the Australian Institute of Banking and Finance) and Hong Kong (Hong Kong Securities Institute (HKSI). For a topic outline on this subject see List of basic Australia topics. Hong Kong ( officially the Hong Kong Special Administrative Region, is a territory located on China 's south coast on the Pearl River Delta, and borders
  • ACCA and Financial Services Institute of Australasia (Finsia), formerly the Australian Institute of Banking and Finance) have signed a global partnership agreement. Under the agreement, students and members of ACCA may obtain advanced standing in the Institute examinations.
  • ACCA and the Institute of Internal Auditors (IIA) have signed a global partnership agreement. Under the agreement, the two organisations will co-operate, collaborate and share resources across their global networks of offices and affiliate bodies.
  • ACCA and the Chartered Institute of Taxation (CIOT) have signed a global partnership agreement to enable ACCA’s members worldwide to take the CIOT’s Advanced Diploma in International Taxation (ADIT). The Chartered Institute of Taxation is the leading body for tax professionals in the United Kingdom.
  • ACCA members may access an accelerated route to Associate membership of the UK Association of Corporate Treasurers(ACT). The Association of Corporate Treasurers (or ACT for short was founded in 1979
  • ACCA and Investors in People (IIP) have signed an agreement that will enable IIP recognised organisations in the UK and Ireland to apply directly for the award of ACCA Approved Employer (professional developments stream), that means ACCA members working in IIP recognised organisations will benefit from the recognition of the work-related learning they obtain and will be able to take advantage of simplified CPD reporting. Investors in People (IiP is a voluntary assessment scheme backed by the UK Department for Education and Skills.
  • Institute of Directors (IoD) and ACCA are working on a number of initiatives to promote an agenda of good governance and high standards in learning and development. The Institute of Directors (IoD is a UK -based organisation incorporated by Royal charter in 1903 to support represent and set standards for company directors From 2007, ACCA members seeking to enhance their skills and improve the performance of their organisation will be able to undertake the Chartered Director qualification – a professional qualification for directors. ^[5]
  • Institute of Management Accountants (IMA) in United States has agreed that Chartered Certified Accountants (ACCA) only have to pass four-papers final examination to get the Certified Management Accountant (CMA) designation. The Institute of Management Accountants ( IMA) is a Professional organization headquartered in Montvale New Jersey consisting of over 70000 members worldwide The United States of America —commonly referred to as the Chartered Certified Accountant (Designatory letters ACCA or FCCA) is a British qualified accountant designation awarded by the Association The title Certified Management Accountant is a professional designation awarded by various professional bodies around the world This is not based on a specific agreement but is the result of IMA's policy and similar accreditation is given to many other IFAC bodies, as well as to others with the equivalent of a U. S. bachelors degree (any discipline).

University Links

• Through a range of partnerships with several amounts of universities in this world, ACCA offers students and members access to graduate and postgraduate level accountancy education. Accountancy or accounting is the measurement statement or provision of assurance about financial information primarily used by Lenders managers,
  • The relationship between ACCA and the UK's Oxford Brookes University, has offered ACCA students and members to the Oxford Brookes BSc (Honours) in Applied Accounting, and the online supported MBA. Oxford Brookes University is a public University in Oxford, England. A Bachelor of Science ( BS, BSc or BSc in the UK; less commonly S The Master of Business Administration ( MBA) is a Master's degree in Business administration, which attracts people from a wide range of academic disciplines
  • According to the agreements between ACCA and Tsinghua University in Beijing (China), Tsinghua will recognise the Oxford Brookes University BSc(Hons) Applied Accounting degree stated as the above, and will accept the graduates from this BSc(Hons) degree program to further study Tsinghua's master degree programs [4]. Tsinghua University ( THU;) is a University in Beijing, People's Republic of China. China ( Wade-Giles ( Mandarin) Chung¹kuo² is a cultural region, an ancient Civilization, and depending on perspective a National Oxford Brookes University is a public University in Oxford, England. Tsinghua University ( THU;) is a University in Beijing, People's Republic of China.
  • ACCA and the School of Oriental and African Studies (SOAS) at the University of London have signed a global partnership agreement to enable ACCA’s members and affliates worldwide to take the SOAS's Postgraduate Diploma in Public Financial Management ^[6]. The School of Oriental and African Studies (commonly abbreviated to " SOAS " pronounced (so as or (so az is a constituent college of the University of The University of London is a university based primarily in London, England, UK.
  • ACCA has signed the agreement with the University of Cambridge ESOL examinations (English for Speakers of Other Languages) to result in the launch of the International Certificate in Financial English (Cambridge ICFE), a new financial English exam. The University of Cambridge ESOL examinations are Examinations in English language ability for non-native speakers of English
  • Together with the Said Business School, at the University of Oxford, ACCA offers the Diploma in Financial Strategy, a Masters-level course that provides the essential elements of an MBA for qualified accountants, and is designed to extend knowledge and develop senior management skills. Saïd Business School ( SBS) is the Business school of the University of Oxford in England. The University of Oxford (informally "Oxford University" or simply "Oxford" located in the city of Oxford, Oxfordshire, England is the
  • ACCA and Edinburgh Business School at Heriot-Watt University have signed a joint agreement to enable ACCA Part 3 students, affiliates and members to gain a fast track entry through free-of-charge credit transfer and exemption when they matriculate for the MSc in Financial Management by distance learning or face-to-face study at a global network of centres. Edinburgh Business School is the Graduate School of Business of Heriot-Watt University (est Heriot-Watt University in Edinburgh, Scotland, is the eighth-oldest higher education institution in the United Kingdom, although it only received ^{[7] [8]}
  • ACCA partners Exeter University to offer members postgraduate qualifications in leadership (MA degree in leadership). The University of Exeter (usually abbreviated as Exon for post-nominals) is a University in the South West of [5] [6]
  • Through a range of recognitions by many universities in this world including UK, Hong Kong and Universitas 21 Global, there are the accelerated routes for ACCA members to their master degree programmes. The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located Hong Kong ( officially the Hong Kong Special Administrative Region, is a territory located on China 's south coast on the Pearl River Delta, and borders Intro Universitas 21 Global (U21Global is a Singapore based Online Graduate School owned by a network of affiliated universities of the Universitas 21 network ^[9]

Representation worldwide

• ACCA is represented on many committees and bodies around the world. ^[10]
  • ASEAN Federation of Accountants (AFA)
  • Confederation of Asia Pacific Accountants (CAPA)
  • Consultative Committee of Accountancy Bodies (CCAB)
  • Eastern, Central and Southern African Federation of Accountants (ECSAFA)
  • European Financial Reporting Advisory Group
  • Fédération des Experts Comptables Européens (FEE)
  • Fédération des Experts Comptables Méditerranéens (FCM)
  • Global Reporting Initiative (GRI)
  • IFAC
  • Institute of Chartered Accountants of the Caribbean (ICAC)
  • Inter-American Accounting Association (IAA)
  • South Eastern European Partnership on Accountancy Development (SEEPAD)

See also

• Chartered Certified Accountant (ACCA/FCCA)
• Certified Accounting Technician (CAT)
• Association of Authorised Public Accountants (AAPA - Subsidiary of ACCA)
• British qualified accountants
• Accountancy qualifications and regulation
• Accounting
• Accountant

Notes and references

External links

• ACCA Membership Growth - 2007
• Key Facts and Trends in the UK Accountancy Profession - July 2007
• Key Facts and Trends in the UK Accountancy Profession - November 2006
• ACCA Official Website
• ACCA Jobs
• ACCA Community
• ACCA's Performance 2006
• IFACnet Homepage
• ACCA HELP - Forums to Guide ACCA students

The Association of Southeast Asian Nations, commonly referred to as ASEAN, ˈɑːsiːɑːn AH-see-ahn in English (the Official language The Consultative Committee of Accountancy Bodies (known as CCAB) is an umbrella group for the British chartered accountancy bodies The Global Reporting Initiative (GRI produces the world’s de facto standard in sustainability reporting guidelines Chartered Certified Accountant (Designatory letters ACCA or FCCA) is a British qualified accountant designation awarded by the Association The Certified Accounting Technician (CAT qualification is offered by the Association of The Association of Authorised Public Accountants (AAPA is a British professional body for public accountants British qualified accountants are full members of those United Kingdom Accountancy bodies which are themselves members of the Consultative Committee of Accountancy An accountant is a practitioner of Accountancy, which is the measurement disclosure or provision of assurance about financial information that helps managers investors Accountancy or accounting is the measurement statement or provision of assurance about financial information primarily used by Lenders managers, An accountant is a practitioner of Accountancy, which is the measurement disclosure or provision of assurance about financial information that helps managers investors

---

© 2009 citizendia.org; parts available under the terms of GNU Free Documentation License, from http://en.wikipedia.org
Dapyx Software network: MP3 Explorer | Ebook Manager | Zenithic