AAT MIP ACCA Finalist

AAT MIP ACCA Finalist

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I am a licensed AAT member in practice, currently working from home preparing tax returns, simple sole trader accounts / land and property accounts and small ltd co accounts, as well as the usual book-keeping, payroll, VAT etc..

I use the AATs logo on letterheads etc but do not mention ACCA nor use their name to win work - my clients are aware of my qualifications and experience.

I've read a few posts on here that say that as an ACCA student that this is not allowed.

I've gone through the rulebook also.

I'm not sure though, what the position is under the ACCA rules for practising under another professional body?

What are your thoughts?
Emma L

Replies (8)

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By neilglos
02nd Nov 2006 12:52

Re: Clarification
Hi

Further to the post from Professor TOTs (Sr), the regulations apply to ALL ACCA students and members regardless of their other qulaifications/membership of other associations.

I believe holders of another CCAB bodys practising certificate can apply for the ACCA's on the basis of holding a CCAB practising certificate.

Neil

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By neilglos
01st Nov 2006 20:46

ACCA
Hi

Under ACCA regs, ACCA members without a practising certificate and students are not permitted to carry out work other than book-keeping, VAT or payroll (i.e. only work that would be used internally for an organisation and nothing a third party would place relaince on). Without the certificate they are also not-permitted to refer to their status, uses post nominal letters etc.

I suggest you read section 2.2 paragraph 3 of the rule book. It may be worth noting that brach of these regulations is the most common reason for members and students being 'struck off'.

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By AnonymousUser
02nd Nov 2006 04:21

Clarifications

Neil Robert, could you help to clarify if the following circumstances be considered as "breaching" under ACCA regs in providing work other than book-keeping, VAT or payroll ? :-

1) AAT member join ACCA student

2) ACCA student join AAT as member

3) AIA member join ACCA as student

4) ACCA student passed AIA exam and join AIA membership

5) CAT join ACCA as student

Thank You.

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By User deleted
31st Oct 2006 19:01

You need a practising certificate
You need an ACCA practising certificate if you are an ACCA member practising - if you are an ACCA student I think you'll find you are already breaching the ACCA rules by trading as you are.

I think you'd be safer getting advice direct from the ACCA.

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By simon68
31st Oct 2006 23:25

CAT
You are allowed to use ACCA Certified Accounting Technician title to engage in public practice if you aren't member nor student of ACCA.

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By AnonymousUser
02nd Nov 2006 13:40

The future
Hi Emma, I'm afraid you definitely are in breach of ACCA rules. I wonder why you are studying for your ACCA finals? I don't mean this in a negative way but as far as I can work out there is no way you can make the transition from AATMip to practising ACCA without serving time at another practice. On the basis that you have set up your own business, you presumably wouldn't want to do that?

Have you considered increasing your fee power / knowledge by attempting the Chatered institute of taxation exams. You can get in to the CIOT (with references / exam history) and study while practising with AATmip without breaching the rules.

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By AnonymousUser
14th Nov 2006 16:45

Got the ok from ACCA
I am also an AAT MIP and I was considering the ACCA Professional qualification, I stumbled upon this post and decided to enquire with the ACCA about this.

Their representative told me (after consulting with her manager) that as long as I was licensed with the AAT and kept my membership up to date with them then I will still be able to continue practising whilst I am an ACCA student.

In addition, my experience will count towards full membership!

...not what the rulebook says though!

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By neilglos
14th Nov 2006 17:28

ACCA
Hi Louise

Make sure you get that in writting from the ACCA, as there verbal advice can often vary.

Neil

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