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ACCA Audit qualification additional info form

Has anybody recently completed this form? - practising certificate

Hi all

I have recently had my ACCA PCTR records signed off by ACCA (what a **** tortuous process that was) and am now applying for the practising certificate. It seems that from July 2016 the form has been updated to include an updated section re recent auditing experience.

The form is called the Audit qualification additional info (and can be found here for anybody interested)

http://www.accaglobal.com/uk/en/member/sectors/smp/practising-info/pract... - towards the bottom of the page

I'm having some trouble getting my head around exactly what it's asking for, and the person I've been talking to in the authorisation office is clearly fed up with my questions as he's now just repeating info he's already given to me.

Has anybody recently completed this form and had it accepted by the ACCA? If so, would you have any objection to me picking your brain a little so i can try and get this right the first time?

Thanks

Dan

 

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10th Nov 2017 16:38

Dan,

The form itself is fairly clear. What the ACCA is asking you to do is describe what experience you have had in audit assignments over the last 2 years and what related CPD has been done to keep up to date.

What size and type clients did you work on? Where these audits of companies or charities? Did you plan and manage the audit or where you just the ticker and basher reporting to a manager etc? Were you involved with any specialist work such as solicitors client accounts etc.

I'd work through your timesheets/diary or whatever for the period and look at each job you've worked on that has an audit element. Then put down some narrative on the major jobs describing the salient points as above.

All they want to see is whether you've had sufficient practical experience to allow them to award the AQ.

Thanks (1)
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By DonDan
to Grayson Moore
10th Nov 2017 16:57

Hi Grayson,
Many thanks for your reply. It's no problem to list out all the audit work i've done, i had to go through it in great detail with the PCTR so it's all fresh in my mind.

Its the bit relating to the Learning outcomes re IES8 competences that's a bit confusing but i've just downloaded the Final Pronouncement (very grand sounding indeed) from the IAESB for some light weekend reading so hopefully it will become clearer.

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10th Nov 2017 19:03

If you can't even work out how to fill in a PC application form, you have no business being self employed.

Post me a copy of your disciplinary hearing in a few years time ;)

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By DonDan
to AnnAccountant
10th Nov 2017 19:40

Will do.

I guess this means you dont want fancy joining my practice?

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11th Nov 2017 10:19

Have you considered whether having the AQ is even worthwhile. Increasing audit is becoming a niche area and many practices get along quite happily without the need to maintain their registered auditor status.

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By DonDan
to Grayson Moore
11th Nov 2017 10:48

My current plan is to become a partner in the firm where I am currently employed. We do have a smallish number of audits so it made sense to apply for the aq as well to make the eventual handover when the current partner retires that bit smoother.

If I was starting up on my own I wouldn't have bothered with it, doing audits is really not much fun

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