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ICAEW members fast-tracked to ACT membership

1st May 2007
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Members of the Institute of Chartered Accountants in England and Wales (ICAEW) can now be fast-tracked into Association of Corporate Treasurers (ACT) membership due to an exemption agreed by the two professional bodies. Lucie Benson reports.

Under the agreement, material covered in the ICAEW syllabus will not be re-examined by the ACT when qualified ACAs undertake its Diploma in Treasury. ICAEW members will therefore complete the course in significantly less time. Associate ACT membership will be gained once the ICAEW and relevant ACT exams have been passed.

Mark Protherough, the ICAEW’s head of operations and director of learning and professional development, said: "The agreement with the ACT and the Diploma in Treasury is yet another example of how, because of our members, companies can do business with confidence. Both the ACT's and ICAEW's members work in treasury, risk and corporate finance and the diploma offers supplementary skills, in addition to the ACA, that can help the prosperity of any organisation. Studying for the diploma can also count towards the ICAEW's CPD requirements."

The announcement comes at a time when treasury, risk and corporate financial management are becoming increasingly important skills for senior finance managers and chartered accountants.

The ACT's chief executive, Richard Raeburn, also welcomed the news. "I am delighted that ICAEW members will be able to take advantage of the fast-track route into the Diploma in Treasury. The combined expertise of an accountant and treasurer, and membership of both the ICAEW and ACT, will provide a unique skill set and network to meet the challenges of financial management in the next decade."

Further details on the qualification can be found here


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