ACCA Practising Certificate - non member principal

I am working for a firm of accountants of which the director is not a member of a professional body

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I have relevant experience at a qualified firm in my past job, however it didnt end well.

I know ACCA state 'Any other person having, in the opinion of ACCA Council, adequate qualifications and experience' when it comes to the principal signing off experience.

My current boss/sole director of his accountancy firm has been running for 30 years. Used to hold an ACCA PC but gave it up years ago!!

Would he be of suitable experience in order to sign off experience towards my PC?

My other option would be to move to another firm (really want to avoid)

Do I also have to be actually employed by the principal? For example, could I volunteer to help a club or charity (provided they are eligible to sign off experience), without leaving my current role?

Thank you all in advance!

Replies (4)

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By johnthegood
11th Mar 2024 13:44

what did the ACCA say about it?

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Replying to johnthegood:
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By Markan-accountant
11th Mar 2024 14:33

They are being forever helpful! And stating until I apply, they will not know whether it would be accepted or not! So I have apply on this basis and will await the unknown answer...

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By johnthegood
11th Mar 2024 13:44

what did the ACCA say about it?

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By gaffer786
19th Mar 2024 00:15

Ive found ACCA in the past to provide conflicting information in their email replies/ telephone calls. However this situation has recently arose, ACCA member working in practice at a firm where the principal holds an AAT PC. ACCA have replied with the following & confirmed the same on telephone call.

“We do not accept AAT PC holders to be your Practising Certificate training principal as this qualification does not meet our requirements.

If your experience has been gained in industry, your training principal should be a member of a recognised accountancy body such as ACCA, ICAEW, ICAS, CIMA, IFA, ICAI, AIA.
For experience gained in public practice, your training principal must be a member of a recognised accountancy body as above, but they should also hold their own practising certificate from their professional body and be a partner or director in the practice.”

They further confirmed the training principal cannot be external to the firm, meaning you must be employed by the principal. The whole 'Any other person having, in the opinion of ACCA Council, adequate qualifications and experience' would appear to be a load of tosh.

Sorry to pose a question on your thread, but if the ACCA PC is a non starter, what in anybody’s experience would be best to switch to, to gain a PC with a recognised body?

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