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Why doesn't ACCA take a leaf from ICPA? I resigned ACCA in January and crossed over to the so called trade association. I must say I have had more from ICPA in the 3 months I have been a member than the years I spent with ACCA

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By ShirleyM
04th Apr 2015 18:45

Yes

They are quite a revelation, aren't they. They do more to help small/sole practitioners than all the rest put together.

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By Eve E
04th Apr 2015 19:31

That's good to hear
as I am considering a move from ACCA to ICPA in the next year. I was wondering what they offer members in the way of CPD, are there many online courses? The member benefits that I have read about seem to cover all bases practice wise. My only concern was the small size of the organisation, but I know that is in its infancy, and it seems to be attracting a lot of ex-ACCA in particular. I guess that a lot of its advantages are related to its size, in that it cares more about its members than its global image!

Thank you for posting about your experiences, it's very helpful to me to hear.

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By QBE
05th Apr 2015 16:58

Caught my eye ...

I've been looking at ICPA and AIA, and without wanting to start a debate on the merits of each, I was wondering if any existing ICPA members are able to say whether the banks accept ICPA accreditation for mortgage references etc (in respect of company accounts as the SA302 route works for individuals). I can't see any mention of this on the website.

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Replying to Sanjeev Nanda:
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By marks
05th Apr 2015 21:09

no banks wont accept ICPA accreditation for mortgage refs

QBE wrote:

I was wondering if any existing ICPA members are able to say whether the banks accept ICPA accreditation for mortgage references etc (in respect of company accounts as the SA302 route works for individuals). I can't see any mention of this on the website.

No banks will generally only accept ICAS, ICAEW, ICAI, ACCA, CIPFA.  Apologises if missed anyone who is included in their list.

The ICPA offers excellent service with many benefits of being a member as well acting as a lobbying voice for the small accounting practice.

But it is just a trade association which both qualified an unqualified accountants can join.

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Replying to bernard michael:
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By Steve McQueen
07th Apr 2015 08:52

Banks will happily accept

AIA and IFA as well.

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Chris M
By mr. mischief
05th Apr 2015 17:43

ICAEW is pants too!

Their disciplinary process is just all wrong.  They discipline a sole trader who "pp"s a client document instead of getting the client to sign it.

Meanwhile, all manner of really dodgy bank audits went unpunished in the lead up to the credit crunch.  You can argue that these dodgy ICAEW audits ultimately wiped several hundred billions off global worth.  Yet not so much as a rap on the knuckles from the ICAEW, utterly pathetic.  these guys should never work again, that would send a clear message out to all the other fat cats who put their fee before their ethics.

Back to the topic.  The ICPA has been excellent for me as a sole practitioner in a way which the ICAEW would never even aspire to be, never mind achieve.  It makes me wonder why I bothered qualifying with them back in the early 90s.

 

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By NHGlos
07th Apr 2015 08:23

AAT

The AAT is (or at least used to be) recognised by banks/building societies and has significantly lower members in practice fees.

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By nmprobinson
07th Apr 2015 11:04

ICPA and IFA...

...I have been with the ICPA for several years.  Great service and invaluable information. 

But my question is - do I also need to keep on with the IFA?  I have been.  But seeing people on the thread saying they have given up the ACCA has made me wonder!

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By jon_griffey
07th Apr 2015 12:37

Private company

From what I can gather (and please correct me if I am wrong) ICPA is neither a professional body or trade association.  Rather it is a privately owned profit making company that exists to sell a package of services to its customers.  Not saying it doesn't do this very well, but it is not a regulatory body with statutory functions like ACCA/ICAEW, so is not a proper comparison.

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Replying to DJKL:
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By Yesican
07th Apr 2015 14:20

Just looking at benefits
I am getting more for my money than I ever did with ACCA. ACCA should give members more than use of letters, practising certificate and an irrelevant magazine

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