Chartered Accountants

Ireland

Prepared by; D.M.R Gunawardane MC 53917 CPM 3909

Governance of Ireland

Republic of Ireland by Government of Ireland act 1920 Northern Ireland Conflict between Nationalist and Unionist Belfast Agreement 32 Counties

Ireland

Source: Wikipedia

Quick Glance - Ireland

By 2007, the fifth richest country in the world in terms of GDP per capita Dublin is the largest city on the island Ireland act as a single entity in a number of areas Uses two distinct currencies ( and ) Most of commercial activities carried out on an all-island basis

Accounting Education
Ireland

"Professional Accounting
Education and Training Continuing Professional Development Technical Standards Membership Practice Investigations Discipline Professional Standards

Body"

Institute is a membership based organization that educates, certifies, regulates and develops accountants and auditors

Accounting Education
Institute of Accounting Technicians Ireland A leading professional body for Accounting Technicians on Ireland. Established in 1983, Represent 10,000 members. A member of the International Federation of Accountants. Institute of Certified Public Accountants in Ireland (CPA) First accountancy body to introduce a mandatory regime of Continuing Professional Education, and a founding member of the IFAC. Fulfils its statutory role as a recognized body by overseeing the professional activities.

Accounting Education
The Institute of Incorporated Public Accountants One of Irelands six Recognized Accounting Bodies regulated by the Irish Auditing and Accounting Supervisory Authority, focusing on the provision of professionals specializing in the Small and Medium Business Sector

Institute of Chartered Accountants

Ireland

Provides essential strategic guidance, expertise and consultancy across a vast array of business activities Greater ability to analyze and interpret business problems in multiple dimensions and develop dynamic solutions Brings global mobility

Chartered Accountancy

Institute of Chartered Accounts Ireland

Formed by Royal Charter in 1888 Adopts IFRSs, IASs & IFRIC interpretations endorsed by the European Union in their F/S 18,000 members 6,500 students

Become a member

Through traditional route Elevation program

Traditional Route
School leavers Adhering to Training contract

Elevation program
Entry Criteria Holders of undergraduate degrees Graduates of ICAI sister body, IATI + 4 years work experience

The elevation program

Upon entering students have a period of 8 years to complete studies and to gain requisite experience Students not required to enter into a training contract, However it require to select a mentor who is a Chartered Accountant The course allows to sit two subjects at a time up to CAP2 level Experience requirements depends upon the entry qualification of students.

Academic Levels
Three academic levels
CA Proficiency 1 (CAP1)

CA Proficiency 2 (CAP2) Management Accounting Auditing & Assurance Financial Accounting Strategic Finance & Management Accounting Law for Accountants Taxation Financial Reporting complete a hands-on IT Taxation II assessment
Finance Final Admitting Exam (FAE) FAE Core and FAE Elective FAE is examined over three days Core is examined by integrated case-study papers in the first Two days FAE Elective is examined on the third day -Advanced Audit and Assurance - Advanced Taxation -Advanced Performance Management

Fees
ICAI has a single fee structure that covers all costs associated with the education. The single course fee provides for: Exemption / Eligibility Assessment 1st attempt education program fees 1st examination fees All text books, toolkits, and notes Access to online education resources In addition, there is no registration fee, no any yearly subscription fee.

Comparison with ICASL

ICAI has extended reach to students ICAI is more Innovative New elevation program Fee structure ICASL has 3000 members, & over 25000 registered students which is the reciprocal of the member student ratio of ICAI ICASL offers subjects, Business Mathematics & Statistics Management, Business Economics, Business communication and Information Technology in addition to subjects offered by ICAI

Conclusion
Training contract relates to the attractiveness of the qualification Ability to enhance the reach of ICASL ICASL is more popular within higher education seekers

Thank You

Source: Wikipedia Official websites of Accounting Bo