Hello,
I have just completed all my ACCA exams, which I have worked desperately hard for. On application to membership ACCA are questioning whether I am working in public practice as I am a Director and Partner (minority shareholding) in a business that sets up companies and provides the necessary corporate services and compliance. The company also offers book keeping services for those companies, which is the area I am involved in. My partners are all lawyers.
It would seem that on the basis some of my partners are advising on taxation as their qualifications and experience allows them to do that we are falling possibly under public practice. As a result of this as an ACCA member I would be breaking the rules by not having a practising certificate, which I cannot obtain for another two years after membership.
I realise I should have made myself aware of the risk of this beforehand and that is my mistake, but do I have any options. It would seem that ACCA may ask me to resign my position and sell my share in the business in order to become an ACCA member.
I do not want to do anything drastic and want to be 100% sure of my position and whether I have any other options. At the moment I am going in between three or four ACCA departments with differing information and no-one providing any clarity.
I would be grateful if anyone else has had a similar experience or has any thoughts.
Thanks
C
