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Which Practice Licence to keep or let go off?

Keep AAT PL, give up and go ACCA route or obtain a few other like CPAA.

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Good afternoon,

End of the week and here I am wondering whether I have got it right or not, in terms of Practice Licence to cover for the future. 

I am not if any of the members have been through this phase; I passed ACCA a few years ago, having had over 10 years of industry experience I knew my chances of getting a PL with ACCA were bleak, I joined AAT MAAT MIP route and have now roughly 70 clients, while I working part time for the same employer. I am at a stage where I am looking to grow the practice however, not having ACCA badge is somewhat bothering. I now have the following options:

1. Stay with AAT and grow the practice, possibly with some regret over the years.

2. Hand over the practice to a qualified friend, find an ACCA approved Employer and spend 2 years to meet the their PL criteria, and build practice thereafter.

3. Seek other memberships

Thank you for your attention.

Replies (5)

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By ireallyshouldknowthisbut
08th Feb 2019 17:49


Are you not already in breach of ACCA rules by running a practice as a member without a practising certificate?

I am ICAEW so its different rules, but you certainly cant run a practice whilst being a member, even if you don't tell anyone you are a member.

Thanks (2)
Replying to ireallyshouldknowthisbut:
By Olly.Hams
08th Feb 2019 18:31

Thank you for your kind words.

I only passed ACCA exams and I'm not an ACCA affiliate, nor member.

Thanks (0)
By Cheshire
08th Feb 2019 18:28

Has breached reg 8 by going beyond TB.

Thanks (1)
By Matrix
08th Feb 2019 18:48

Olly - 1) since whatever you are doing is working.

Thanks (1)
Replying to Matrix:
By Olly.Hams
08th Feb 2019 22:04

Thank you.

It is working however the discussion I was trying to initiate was 'MAAT MIP vs CCAB' as to what members here with 20 + years in practice have experienced. in hindsight, That's probably the questions I should have asked!

Thanks again.

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