Generic ACCA slide

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Generic ACCA slide
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ACCA Presentation Prague 25 May 2007

• CPD Requirements a refresher
• Global Practising Certificates
• Recruitment support

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CPD a refresher

• ACCAs global consultation findings
• Necessary to keep up to date
• Maintain position / increase career prospects
• Enhances professionalism
• For employers
• Competent employees
• Helps meet regulatory requirements
• Reduces risk / insurance premiums

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Whats required?
unit route
40 relevant units each year 21 relevant units
must be verifiable Evidence to be kept Carry
forward a maximum of 21 verifiable units No
reduction for contract staff, part-time workers
or semi-retired members Waivers available for
illness etc
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Whats required?
approved employer route
Are development needs assessed? Are relevant
learning opportunities available? Are
development records kept? Are staff appraised /
development needs re-assessed?
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Whats required?
other IFAC body route
Open to those with dual membership (ACCA and
another IFAC accountancy body) Other body must
be compliant with IES 7 Evidence in line with
other body's rules ACCA annual CPD return still
required
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The CPD process
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Whats relevant?

• The Key Test
• Is it relevant to your job?
• Is it relevant to your future?
• Can you demonstrate this?

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Whats available?

• ACCAs CPD support for members
• Ethics
• Professional Development Matrix (PDM)
• Knowledge Library
• Learning Opportunities
• E-learning
• Qualifications
• Networks and communities
• Evidence tool
• Your CPD return

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Global Practising Certificates Who needs
one? How do I get one? Where is it valid?
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Signing or producing any accounts or report or
certificate or tax return concerning any person's
financial affairs, whether an individual
sole-trader, an unincorporated body or a firm, in
circumstances where reliance is likely to be
placed on such accounts or report or certificate
or tax return by any other person, or doing any
other thing which may lead the third party to
believe that the accounts or report or
certificate or tax return concerning the
financial affairs of such a person have been
prepared, approved or reviewed by the
practitioner Regulation Changes January 2005
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• What does that mean
• accepting an appointment as an auditor
• signing or producing any audit report or
  certificate
• accounts concerning any person
• sole-trader or unincorporated body included
• reliance is likely to be placed on such report or
  certificate
• holding oneself out, or allowing oneself to be
  held out

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This includes. Being a partner or director in
a public practice firm, including being a
non-audit partner (eg tax, corporate finance
etc) You need an ACCA practising certificate!
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How do I get one?
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ACCA practising certificate
minimum of 3 years training (at least 2 years
after admission to membership) experience gained
in an Approved Employer Practising Certificate
Development supervised by appropriately
qualified Principal and records verified by this
person satisfy practical training
requirements record work in PCTR every 6
months meet practising certificate Competences
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PCTR Records
Summary Employment Records PCTR1 Record
Reflection and Review PCTR2 Summary
(incorporating a Summary of Competences and a
Time Summary
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PCTR Competences
5 Mandatory Professional Conduct elements 8
Technical elements including a minimum of 6 Key
Technical elements in at least two areas 2
Management elements including 1 key management
element
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(No Transcript)
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Highlight and overwrite dummy text with your
titles and texts. Restrict yourself to a maximum
of 6 points per slide. If you require more
points on a specific topic use as many following
slides as necessary. Do not change the fonts or
sizes used in the blanks. If you require more of
any slide, go to the Slide Sorter View, click
on the required slide and hit Control D, this
can be repeated to create as many duplicates as
required.
Alternatively..
Local body/authority allows you to engage in
public practice Do not have to complete a PCTR
work for an ACCA Approved Employer Must still
hold a practising certificate from ACCA Apply to
ACCA with evidence of ability to
practice Practising certificate only valid in
local country
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Where is it valid?

• An ACCA practising certifcate GLOBALLY PORTABLE
  (subject to local approval)
• Must work for an ACCA Approved Employer and
  complete the PCTR
• If work outside the UK, Ireland, Cyprus or
  Zimbabwe, check with local body

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Contacts / Websites
members_at_accaglobal.com stephanie.naylor_at_uk.accagl
obal.com Useful information http//www.accaglobal
.com/members/professionalstandards/prac_info/ htt
p//www.accaglobal.com/members/professionalstandar
ds/prac_info/practisingcertificates/pctr/ Faqs ht
tp//www.accaglobal.com/members/professionalstanda
rds/prac_info/practisingcertificates/faqs_row Kee
p personal details updated at myACCA
http//www.accaglobal.com/login/
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• Recruitment Services
• Post a Job
• ACCA Experience
• Salary Surveys

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Recruitment services

• Post a Job
• Free of charge
• Available to all employers with a vacancy
• Do not need to be an ACCA Approved Employer
• Online database accessed by ACCA students and
  members via myACCA

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Recruitment services

• ACCA Experience
• Free business e-tool for ACCA Approved Employers
  only
• Focused approach to recruiting ACCA students and
  affiliates
• Matches your requirements with those of trainees
  seeking a position
• Employers login via myACCA (www.accaglobal.com/lo
  gin)
• Request login details from ACCA Connect (email
  info_at_accaglobal.com)

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Recruitment services
Salary surveys Cover a range of global markets
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Thank you