Practising while a student

Moobag

Hi

Wonder if anyone could help me. I am AAT qualified MIP & ICB qualified bookkeeper and have been in partnership with an ICB qualified bookkeeper for 2.5years.

She has just decided that she wants to do her AAT qualification, will she still be able to practise? She only does bookkeeping and payroll, VAT etc etc, no preparation of accounts.

I have been trying to register re ML for ages and AAT are in talks with ICB to see who should regulate us. AAT said no originally because my partner had no qualifications. I just wanted to know that when she becomes a student member would she then be covered?????

Any help great appreciated.

Monsoon

I don't understand - they say she has no quals but she is ICB qual?

The only practicing restrictions on AAT student members are that they shouldn't do anything outside of their capabilities, and that they should ask for help and have someone to ask as and when they need it. I practised as a sole trader throughout my AAT student days.

Sorry, that doesn't answer all your questions but I hope it helps.

Moobag

Thanks, that has helped a lot.

As I said she does bookkeeping at the mo, so it should be fine to carry on like that. When I first applied for AAT to regulate us for ML she wasn't ICB qualified!

Heliocentric

"Moobag" - I didnt think AAT covered students who practised for ML, a problem i have. So i guess your partner will be covered by ICB (now recognised) & you by AAT.I would be interested to hear different, as it would save me a few bob.

Monsoon

Heliocentric wrote: »

"Moobag" - I didnt think AAT covered students who practised for ML, a problem i have. So i guess your partner will be covered by ICB (now recognised) & you by AAT.I would be interested to hear different, as it would save me a few bob.

That's true, you have to be an AAT MiP to be covered for MLR by AAT.
If you are working in partnership, is it not the practice that needs registering, not the individual? I've always worked alone so I don't know!