There are four essential elements of ACA qualification that must be successfully completed to be eligible for ICAEW membership. These are the 15 exams, practical experience (PWE), professional directors (PD) and ethics and professional skepticism (ELP). In addition, students must enter into a training contract lasting at least three years and submit regularly during this period to an evaluation/verification of progress with your employer. If you have completed these items in your training file and your employer has completed the final opt-out, you will be invited to become a member of the ICAEW after processing your training materials. It is important to keep us informed of changes to your training agreement. This includes a formal and written agreement between a student and an employer, which applies specifically to your ACA training. It describes the support you receive from your employer while you study and what is expected of you in return. You must agree on an accredited training phase that will allow your students to follow the required 450 days of practical experience: it is important that you read and understand the training contract before signing it, as it is a formal agreement. Your QPRT is required to inform us of the reason for the termination of your contract and whether you think you are appropriate and appropriate to continue ACA training if you wish in the future. You must therefore ensure that your behaviour is professional at all times. A potential employer will ask your current employer for a referral that will confirm that you are fit and regular to continue training with the ACA. ICAO rules state that the case study review can only be completed within the last 12 months of a training agreement. However, students may have entered into their training agreement before participating in the case study.
In this case, you don`t have to renew your training contract. If you have not completed your practical work experience (PWE) as part of your training contract, you must renew the contract to ensure that you have accumulated enough PWE to meet the requirements. Once you have submitted your training file, the qualified person responsible for your training (QPRT) must register and confirm on its online portal. If you don`t have a training agreement at this time, look on our training centre website for a list of organizations that offer training at the ACA: we have established a pro forma training agreement from the ICAEW. It offers the flexibility to insert your policy on evaluation tests, resaction costs and study leave.