If I hold an ACCA practising certificate can I transfer to an ACCA practising certificate and audit qualification?
Yes, provided that you meet the eligibility requirements. You will need to obtain the required level of audit work experience in an ACCA Approved Employer–PCD practice under the supervision of a Principal who is a fully-qualified statutory auditor. You will also need to be an employee or a subcontractor. Experience gained as a salaried or equity partner of a practising firm cannot count. (The concept of joint and several liability of partners prevents salaried or equity partners from being supervised in the same way as a normal employee, and does not allow the partners to confirm the work experience obtained.) Similarly, experience gained whilst being a director of a limited company cannot count towards the certificate. Do I need to pass any specific exams to be eligible for a practising certificate and audit qualification? Yes, you must pass the UK or Irish variants of papers F4 (Corporate and Business Law), F6 (Taxation), P2 (Corporate Reporting) and P7 (Advanced Audit and Assurance)
Related Questions
- If I want to work in audit, can I apply for exemptions and subsequently apply for an ACCA practising certificate and audit qualification for the UK?
- How much audit experience should I gain to obtain an ACCA practising certificate and audit qualification?
- I want to get an ACCA Practising Certificate and Audit Qualification, what do I need to do?
