chartered institute of ireland
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CharteredAccountantsIreland
Prepared by;D.M.R Gunawardane
MC 53917CPM 3909
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Governance of Ireland
Republic of Irelandby Government of Irelandact 1920
Northern IrelandConflict between Nationalist and Unionist
Belfast Agreement
32 Counties
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Ireland
Source: Wikipedia
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Quick Glance - Ireland
By 2007, the fifth richest country in the world interms of GDP per capita
Dublin is the largest city on the island
Ireland act as a single entity in a number of areasUses two distinct currencies ( and )
Most of commercial activities carried out on anall-island basis
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AccountingEducation
Ireland
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"ProfessionalAccounting Body"
Institute is a membership based organization that educates, certifies,regulates and develops accountants and auditors
Education and Training
Continuing Professional Development
Technical StandardsMembership
Practice
Investigations
Discipline
Professional Standards
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Accounting Education
Institute of Accounting Technicians IrelandA leading professional body for Accounting Technicians on Ireland.Established in 1983, Represent 10,000 members. A member of theInternational Federation of Accountants.
Institute of Certified Public Accountants in Ireland (CPA)
First accountancy body to introduce a mandatory regime ofContinuing Professional Education, and a founding member of theIFAC. Fulfils its statutory role as a recognized body by overseeingthe professional activities.
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Accounting Education
The Institute of Incorporated Public Accountants
One of Irelands six Recognized Accounting Bodiesregulated by the Irish Auditing and AccountingSupervisory Authority, focusing on the provision of
professionals specializing in the Small and MediumBusiness Sector
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Institute of
CharteredAccountants
Ireland
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CharteredAccountancy
Provides essential strategic guidance, expertiseand consultancy across a vast array of businessactivities
Greater ability to analyze and interpret businessproblems in multiple dimensions and developdynamic solutions
Brings global mobility
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Institute of CharteredAccounts Ireland
Formed by Royal Charter in 1888
Adopts IFRSs, IASs & IFRIC interpretations
endorsed by the European Union in their F/S18,000 members
6,500 students
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Become a member
Through traditional route
Elevation program
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Traditional Route
School leavers
Adhering to Training contract
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Elevation program
Entry CriteriaHolders of undergraduate degrees
Graduates of ICAI sister body, IATI
+
4 years work experience
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The elevationprogram
Upon entering students have a period of8 years tocomplete studies and to gain requisite experience
Students not required to enter into a trainingcontract, However it require to select a mentor whois a Chartered Accountant
The course allows to sit two subjects at a time upto CAP2 level
Experience requirements depends upon the entryqualification of students.
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Academic Levels
Three academic levels
CA Proficiency 1 (CAP1)
Finance
Management Accounting
Financial Accounting
Law for Accountants
Taxation
complete a hands-on IT assessment
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
CA Proficiency 2 (CAP2) Auditing & Assurance Strategic Finance & ManagementAccounting Financial Reporting Taxation II
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Fees
ICAI has a single fee structure that covers all costs associated withthe education.
The single course fee provides for:
Exemption / Eligibility Assessment
1st attempt education program fees1st 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.
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Comparison withICASL
ICAI has extended reach to studentsICAI is more Innovative
New elevation program
Fee structureICASL has 3000 members, & over 25000 registered studentswhich is the reciprocal of the member student ratio of ICAI
ICASL offers subjects, Business Mathematics & Statistics
Management, Business Economics, Businesscommunication and Information Technology in addition tosubjects offered by ICAI
C l i
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Conclusion
Training contract relates to theattractiveness of the qualification
Ability to enhance the reach of ICASL
ICASL is more popular within highereducation seekers
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Thank You
Source: Wikipedia
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