Institute Of Chartered Accountants In England and Wales (ICAEW

AAA

DEFINITION of 'Institute Of Chartered Accountants In England and Wales (ICAEW'

A group of accountants and finance professionals who have met various industry competency standards in England and Wales. To become a chartered accountant and be designated an Associate of the Institute of Chartered Accountants in England and Wales (ACA), ICAEW members must:

  1. Complete 450 days of relevant work experience (generally three to five years)
  2. Pass stringent exams on financial management, auditing, business strategy, taxation and IT

INVESTOPEDIA EXPLAINS 'Institute Of Chartered Accountants In England and Wales (ICAEW'

Similar to most professional trade organizations, the ICAEW helps to ensure that potential employers receive assistance from ACA- and FCA-certified accountants by insisting that its members demonstrate a certain level of expertise. In the United States, the American Institute of Certified Public Accountants performs a similar service, although one needn't be a member to be designated a certified public accountant (CPA).

RELATED TERMS
  1. The Institute Of Chartered Accountants ...

    The world's first professional body of financial bookkeepers. ...
  2. Chartered Accountant - CA

    An accounting designation given to accounting professionals in ...
  3. Associate In Premium Auditing - ...

    Professional designation awarded by the Insurance Institute of ...
  4. Accountant

    A professional person who performs accounting functions such ...
  5. Security Analyst

    A financial professional who studies various industries and companies, ...
  6. Certified Public Accountant - CPA

    A designation given by the American Institute of Certified Public ...
Related Articles
  1. Budgeting

    Find The Right Financial Advisor

    Learn how to weed out those who are just out to make a quick buck.
  2. Taxes

    Surviving The IRS Audit

    Keeping thorough records and knowing the penalties make this experience easier than you'd expect.
  3. Brokers

    Top Tax Deductions For Brokers

    If you are paying out of pocket, you can make your business expenses work for you at tax time.
  4. Options & Futures

    The Alphabet Soup Of Financial Certifications

    We decode the meaning of the many letters that can follow the names of financial professionals.
  5. Taxes

    Making Sense Of The Tax Code

    If tax rules and regulations are Greek to you, read on to learn how to decipher them.
  6. Investing

    What's a Debit Note?

    A debit note is a document used by a seller to inform a purchaser of a dollar amount owed. As the name indicates, it is a note from the seller that a debit has been made to the purchaser’s account. ...
  7. Investing

    What's Capitalization?

    Capitalization has different meanings depending on the context.
  8. Fundamental Analysis

    The Best 5 Online Accounting Systems For Small Business

    Running a small business can be difficult, but thanks to these online accounting services, taking care of payroll doesn't have to be.
  9. Investing

    Understanding Cost Accounting

    Cost accounting is the method of financially allocating expenses to goods that are manufactured for resale. Cost accounting is also referred to as managerial accounting, because managers use ...
  10. Investing

    What are Prepaid Expenses?

    A prepaid expense is an asset on the balance sheet. Due to accounting principles, expenses are often accrued on the balance sheet and expensed in a later period.

You May Also Like

Hot Definitions
  1. Fixed-Charge Coverage Ratio

    A ratio that indicates a firm's ability to satisfy fixed financing expenses, such as interest and leases. It is calculated ...
  2. Efficiency Ratio

    Ratios that are typically used to analyze how well a company uses its assets and liabilities internally. Efficiency Ratios ...
  3. Fixed Cost

    A cost that does not change with an increase or decrease in the amount of goods or services produced. Fixed costs are expenses ...
  4. Subsidy

    A benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction. The subsidy ...
  5. Sunk Cost

    A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business ...
  6. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as ...
Trading Center