AAT + ACCA

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Adam144
Adam144 Registered Posts: 28
edited June 18 in General member discussion
Hello

Does anybody knows if doing Audit with AAT gives you an exemption from audit on ACCA?

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  • hal978
    hal978 Registered Posts: 193 Dedicated contributor 🦉
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    No it doesn't give you that exemption (but ACA does).
  • reader
    reader Registered Posts: 1,029 Beyond epic contributor 🧙‍♂️
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    You only get exempt from F1 - F3 (3 exams): http://www.accaglobal.com/uk/en/qualifications/accountancy-career/aat-acca/ACCAQualification.html

  • Adam144
    Adam144 Registered Posts: 28
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    hal978 said:

    No it doesn't give you that exemption (but ACA does).


    So basically ACA gives you more exemptions?
  • reader
    reader Registered Posts: 1,029 Beyond epic contributor 🧙‍♂️
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    Yes, you should get around 4 exemptions

    There is even a AAT-ACA fast track programme were you can qualify in as little as 2 years

    https://www.icaew.com/for-current-aca-students/aca-training-faqs/aat-aca-fast-track-faqs

  • hal978
    hal978 Registered Posts: 193 Dedicated contributor 🦉
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    Adam144 said:

    hal978 said:

    No it doesn't give you that exemption (but ACA does).


    So basically ACA gives you more exemptions?
    Only if you also do Level 3.
    I started at Level 4, so I get only 2 exemptions. That is why I took External Auditing instead of Business Tax.
  • reader
    reader Registered Posts: 1,029 Beyond epic contributor 🧙‍♂️
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    Is it too late for you to do level 3 now? Sounds crazy that I'm even asking the question!
  • hal978
    hal978 Registered Posts: 193 Dedicated contributor 🦉
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    It's not worth doing Level 3 exams now because I would need to do 3 exams to get an additional 2 ACA exemptions.
  • reader
    reader Registered Posts: 1,029 Beyond epic contributor 🧙‍♂️
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    I'm sure those 3 AAT exams would be quick and easy though.
  • hal978
    hal978 Registered Posts: 193 Dedicated contributor 🦉
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    Yes but I still have to pay ICAEW the fees for the credits (exemptions), so it would work out more expensive (but easier as you say).
  • Adam144
    Adam144 Registered Posts: 28
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    I have actually done all AAT levels and picked Personal Tax, Business Tax and Audit, so technically I would get 5 exemptions from ACA... But I wanted to do ACCA, which is why I dont like the fact that ACCA gives you less exemptions...
  • CSan89
    CSan89 Registered Posts: 200
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    @adam144 I did those options as well but luckily I am doing ACA so I get the exemptions, however I am doing the ACA-CTA joint programme under a level 7 apprenticeship so i have to do 4-5 more exams so still a lot of work ahead of me. :scream:

    Give with one hand and take with another :lol:
    AAT Level 2&3 - 2016
    AAT Level 4 - 2017
    Personal Tax, Business Tax and External Auditing

    ACA/CTA -
    Certificate Level - Jan 2019
  • Adam144
    Adam144 Registered Posts: 28
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    oo? Does that mean you get ACA and CTA at the end? Have you got any links to this course content? Who are doing the apprenticeship with? Is it Kaplan?
  • CSan89
    CSan89 Registered Posts: 200
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    Yes you get both but it will take about 3-4 years with the exemptions but I think it's worth it.

    The link to kaplan is financial.kaplan.co.uk/TRAININGANDQUALS/ACCOUNTANCY/ACA(ICAEW)/Pages/ciot-aca-joint-programme.aspx

    However the ICAEW information is better.
    https://icaew.com/-/media/corporate/files/qualifications-and-programmes/aca-evolved/icaew-aca-cta-programme-brochure.ashx?la=en

    With the apprenticeship, you have to complete an end of training assessment ( which is like an essay on what you have learnt) and you have to have 20% off-the-job training, which can be job shadowing, classroom courses,etc. But it does mean that your employer can either use there apprentice levy or only pay 10% of the course cost (about £1900).

    Kaplan sent me a sample timeline for the ACA-CTA apprenticeship which i have attached below.

    AAT Level 2&3 - 2016
    AAT Level 4 - 2017
    Personal Tax, Business Tax and External Auditing

    ACA/CTA -
    Certificate Level - Jan 2019

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