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The UK government has a list of professional associations approved for tax purposes (this includes some non-UK based associations, which are not included here). [1] There is a separate list of regulators in the United Kingdom for bodies that are regulators rather than professional associations.
Professional bodies are also responsible for administering training and examinations for students and members. The primary bodies in each country are affiliated to the International Federation of Accountants while a few do not belong to IFAC as they operate more like specialist bodies helping the work of accountants and auditors such as the ...
Membership is available to those who are in public practice (as principals or employees) in the following categories: those who can demonstrate that they obtained individual authorisation to undertake the audit of limited companies under Sections 389(1)(b) or 389(2) of the Companies Act 1985 [as these sections provided prior to their repeal by Companies Act 1989] immediately before 1 January ...
British Chambers of Commerce (BCC) - A national representative body for accredited Chambers of Commerce across the UK, supporting and lobbying on behalf of businesses of all sizes and sectors. Confederation of British Industry (CBI) - An organisation that speaks on behalf of 190,000 businesses, including 140 trade associations.
The association admits members based on either their existing professional accounting body memberships, accountancy qualifications, or experience. [4] As of April 2015 it was pursuing Ofqual recognition as an awarding body; a 2018 document stated that by 2022 it could begin preparations for an application to Ofqual. [5]
In 2023, AAT confirmed to the Financial Reporting Council (FRC) that the professional body and qualifications provider had 50,945 professional members and 76,416 students sitting its qualifications in 2022. [1] AAT is the largest provider of accounting apprenticeships in the UK.
The institute is a member of the Consultative Committee of Accountancy Bodies (CCAB), formed in 1974 by the major accountancy professional bodies in the UK and Ireland. The fragmented nature of the accountancy profession in the UK is in part due to the absence of any legal requirement for an accountant to be a member of one of the many Institutes, as the term accountant does not have legal ...
CIMA is one of the professional associations for accountants in the UK and Ireland. Its particular emphasis is on developing the management accounting profession. CIMA is the largest and the oldest management accounting body in the world, with 115,000 members and 6,500 CGMA students in 2020. [3]