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ACCA approved employer programme details

ACCA approved employer programme

ACCA approved employer programme: ACCA stands for the Association of Chartered Certified Accountants a leading international accountancy body. The ACCA qualification is recognised and is treated in other countries as being equivalent to their local qualification.Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA or FCCA). From June 2016, ACCA recorded that it has 188,000 members and 480,000 students in 178 countries. ACCA’s headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of 100 offices and centres and more than 7,100 Approved Employers worldwide, who provide employee development.

The term ‘Chartered’ in ACCA qualification refers to the Royal Charter granted in 1974.

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, carrying liability insurance and submitting to inspections.

The Association of Authorised Public Accountants (AAPA), one of the British professional bodies for public accountants, has been a subsidiary of ACCA since 1996.ACCA works in the public interest, assuring that its members are appropriately regulated. It promotes principles-based regulation. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.

ACCA approved employer programme

About ACCA

ACCA is the global body for professional accountants with 428,000 trainees and 162,000 qualified members in 170 countries. Over 40,000 ACCA members work in accounting and professional services firms. They help their organisations grow by delivering high quality professional services, sharing their knowledge and using their experience.

ACCA approved employer programme

  • What is the ACCA Approved Employer Programme?

The Approved Employer programme provides an overall framework within which ACCA can help to support your organisation’s trainees and members. The programme recognises employers’ high standards of staff training and development through its trainee development and professional development streams. However, the ACCA Approved Employer – practising certificate development stream is the only stream that provides authorisation for organisations to train their ACCA members towards practising certificate status. ACCA’s Global Practising Regulations require any ACCA member who is a principal in an accountancy firm to hold an ACCA practising certificate. This is the case even if the member holds a local licence for the region in which he or she practises.

  • Who can apply?

The ACCA Approved Employer – practising certificate development programme is relevant to any organisation that provides services to the public that ACCA defines as public practice.

  • Meaning of public practice

ACCA’s definition of public practice work extends beyond audit and other regulated work, to incorporate all types of work generally associated with an accountancy practice, but excluding bookkeeping services. For example, public practice work will include: • Producing accounts that a third party relies on • Preparing personal or corporate tax returns (even where the client submits them directly to the tax authorities) • Preparing a report or certificate concerning a person’s financial affairs that will be seen by a third party (including, for example, confirmation to a potential lender of a person’s income). In undertaking such work, a member will need to hold an ACCA practising certificate. A full definition of public practice can be found in our rulebook

ACCA approved employer programme

Benefits of approval

  • Exclusive branding
  • Discounts from ACCA Careers.com
  • Discounts on ACCA’s online certificates
  • Accounting Link

Essential information

  • Cost

The Approved Employer programme is free to join and can help you to bring talented people into your organisation.

  • Streams of approval

There are two different streams of practising certificate development approval which you can choose to pursue. It simply depends on what is most appropriate for your organisation. The streams are as follows: • ACCA practising certificate To obtain a globally portable practising certificate, members must meet ACCA’s practical training requirements and complete a Practising Certificate Training Record. ACCA members who hold a licence to practise issued by a recognised local body or authority may apply but the certificate awarded will be valid only in the country where the local licence allows the member to practise. • ACCA practising certificate and audit A combined practising certificate and audit qualification is only available to ACCA members who, in addition to providing general accountancy services, wish to undertake audit work in the UK (including the Channel Islands and Isle of Man), Republic of Ireland, Cyprus and Zimbabwe where ACCA has specific legislative responsibilities to regulate members providing audit services.

  • Scope

The scope of approval identifies the extent of cover to employees of your organisation. This will be single office, eg approval is relevant to one office in a single geographic location.

ACCA approved employer programme

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