ICAS opens accelerated route to UK AQ for overseas auditors

The Institute of Chartered Accountants of Scotland (ICAS) has launched a caller pathway for experienced overseas auditors to get UK Audit Qualification (AQ) and determination much swiftly to ICAS rank and chartered accountant status.

The scheme, which has received support from the Financial Reporting Council (FRC), is aimed astatine elder members of a scope of internationally recognised nonrecreational accountancy bodies.

It is structured truthful that candidates implicit lone UK-specific competencies required by the regulator, backed by applicable applicable audit experience.

By limiting the syllabus to areas mandated by the UK regulatory framework, the pathway reduces the measurement of assessments compared to erstwhile UK programmes.

The ICAS expects that astir suitably qualified candidates volition beryllium capable to implicit the AQ successful astir 2 to 3 years, depending connected their existing credentials and post-qualification experience.

ICAS CEO Gail Boag said: “This pathway recognises the extent of audit expertise already held by elder planetary professionals and channels it efficiently into UK practice.

“It reflects ICAS’ committedness to opening a faster, much streamlined way for talented auditors to summation the UK Audit Qualification and play a captious relation successful upholding audit prime crossed the UK.”

To beryllium eligible, applicants indispensable beryllium members successful bully lasting of their location nonrecreational body, employed by an ICAS Authorised Training Office and person the backing of their employer.

Recently, the ICAS urged the FRC to supply clearer safeguards and hazard disclosures successful its projected impermanent amendment to the UK’s Third Country Auditor policy.

"ICAS opens accelerated way to UK AQ for overseas auditors" was primitively created and published by The Accountant, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.