What rights does ACCA recognize in different countries?

1. United Kingdom and Ireland

ACCA professional qualifications are recognized by the laws of the United Kingdom and Ireland (Companies Act 1989, Insolvency Act & Financial Services and Markets Act), which empowers Chartered Certified Accountants (ACCA) to perform statutory auditing, bankruptcy administration, and business investment advisory work in the local area.

ACCA’s professional qualifications have been awarded the Royal Charter title by the British royal family.

The Association of Chartered Certified Accountants (ACCA) is a member of the Accounting Professional Body Advisory Board (CCAB) in the United Kingdom and Ireland. The other members are the Institute of Chartered Accountants in England and Wales (ICAEW) and the Institute of Chartered Accountants in Scotland (ICAS). , Institute of Chartered Accountants of Ireland (ICAI), Chartered Institute of Management Accountants (CIMA), and Chartered Institute of Public Accountants (CIPFA). All professional accountants who are members of the British Accounting Professional Body Advisory Board (CCAB) enjoy the same professional status in the UK and Ireland and are qualified accountants (Qualified Accountants) in the UK and Ireland.

However, in the United Kingdom and Ireland, only Chartered Certified Accountants (ACCA), Chartered Accountants of England and Wales (ACA), Chartered Accountants of Scotland (CA), and Chartered Accountants of Ireland (CA) have the authority to Provided local statutory audit, bankruptcy administration, and commercial investment advisory services. In addition, according to the British law Companies Act 1989, the British Association of International Accountants (AIA), which is one of the British recognized qualification members (Recognised Qualifying Body), its members (AAIA or FAIA) also have the right to serve as statutory auditors in the UK. Work.

As long as you have been a member of ACCA for 5 years and meet some specific conditions, you can become a member of the Institute of Chartered Accountants in England and Wales (ACA). ACCA professional qualifications are recognized in the UK and Ireland as at least equivalent to a local honors bachelor's degree in accounting.

2. European Union (EU), European Economic Community (EEA), and Switzerland

According to the EU Mutual Recognition Agreement (Mutual Recognition Directive), ACCA professional qualifications have been approved by European Legal recognition by member states of the Union, European Economic Community countries, and Switzerland gives Chartered Certified Accountants (ACCA) the legal authority to practice locally. However, a Chartered Certified Accountant (ACCA) who can enjoy this EU Mutual Recognition Agreement must be a citizen of a member state of the European Union or a member state of the European Economic Community or Switzerland.

3. Turkey

ACCA and the Union of Chambers of Certified Public Accountants of Turkey have signed an accreditation agreement in 2004. ACCA members meet some specific conditions You can become a Turkish Certified Public Accountant (CPA), and a Turkish Certified Public Accountant can become a Chartered Certified Accountant (ACCA) by taking some of the exams in the ACCA professional qualification.

4. Others

ACCA qualifications are recognized locally in European countries including Cyprus, Malta, Armenia and Georgia. At the same time, ACCA also holds joint accountant examinations with the local accounting associations in these four European countries.

ACCA’s recognition rights in the Americas include:

1. United States

ACCA and the American Institute of Certified Public Accountants (AICPA) are currently discussing a mutual recognition agreement. Eventually, members of the two guilds can become members of each other's guild. The Colorado State Board of Accountancy (Colorado State Board of Accountancy) currently waives the 150 credit and experience requirements for ACCA members.

2. Canada

The ACCA qualification is recognized by the Canadian government and gives legal authority to perform statutory audit work for Canadian government agencies. According to the evaluation results of Canada's academic evaluation agency (World Education Services), the ACCA professional qualification is at least equivalent to a Canadian four-year accounting bachelor's degree.

Beginning in January 2007, ACCA and the Canadian Institute of Certified Public Accountants (CGA-CANADA) signed a global mutual recognition agreement. Members of the two associations can become members of the other association as long as they complete the legal and tax review respectively.

3. Central America, South America and the Caribbean

ACCA qualifications are available in local countries and regions including Jamaica, Trinidad and Tobago, Guyana, Barbados, The Bahamas, Local accreditation in Belize, Dominica, Saint Lucia, the British Virgin Islands, the British Cayman Islands, British Bermuda and French Guiana, directly confers statutory authority on the Chartered Certified Accountants (ACCA) or through accreditation with the local accountants association This allows you to practice locally.

ACCA’s recognition rights in Oceania include:

1. Australia

According to Australian legislation Corporation Act 2001, section 1282 & Practice Statement 180 Auditor recognition, a license is granted Certified Accountants (ACCA) can perform statutory auditing and bankruptcy administration work in Australia. The ACCA professional qualification is recognized locally in Australia as being at least equivalent to an Australian accounting bachelor's degree.

ACCA members can become members of the National Institute of Accountants (National Institute of Accountants) or Professional National Accountant (PNA) of Australia as long as they take the two exams of Australian Taxation and Law. In addition, ACCA members can also directly participate in the Chartered Accountant Course (CA Program) of the Institute of Chartered Accountants of Australia (ICAA), so that they can become an Australian Chartered Accountant (CA).

2. New Zealand

According to New Zealand legislation Section 199 of the Companies Act 1993: Qualifications of Auditors, Chartered Certified Accountants (ACCA) are authorized to perform statutory audit work in New Zealand.

According to the latest recognition agreement between the Association of Chartered Certified Accountants (ACCA) and the New Zealand Institute of Chartered Accountants (NZICA), as long as ACCA members meet some specific conditions, they can become a New Zealand Chartered Accountant (CA). NZICA terminated mutual recognition with ACCA in 2003.

ACCA’s recognition rights in Africa include:

1. South Africa

ACCA qualifications are recognized by the Institute of Certified Public Accountants of South Africa , you can directly become a South African CPA. According to South Africa’s official Qualifications Framework (National Qualifications Framework), ACCA professional qualifications are recognized locally in South Africa as equivalent to a South African master’s degree.

2. Zimbabwe

ACCA is a member of Zimbabwe’s Public Accounting and Auditing Board (PAAB) and has the authority to formulate and modify local accounting and auditing-related laws. and directly giving statutory authority to Chartered Certified Accountants (ACCA) to practice locally.

3. Others

ACCA qualifications are also available in African countries including Egypt, Botswana, Ethiopia, Lesotho, Malawi, Lion Rock, Swaziland, Zambia, Mauritius, and Nigeria Local recognition, through recognition with the local accounting association, allows Chartered Certified Accountants (ACCA) to practice locally.

ACCA’s recognition rights in Asia include:

1. Mainland China

ACCA and the Chinese Institute of Certified Public Accountants (CICPA) are currently discussing a mutual recognition agreement. In the end, members of the two guilds can easily become members of the other guild. Through the continuous influx of foreign capital into China and ACCA's international influence, ACCA qualifications are highly recognized by a wide range of employers, especially foreign-funded enterprises, in the Chinese recruitment market.

2. Hong Kong

ACCA and the Hong Kong Institute of Certified Public Accountants (HKICPA) have signed a mutual recognition agreement. Members of the two institutes can become members of the other institute as long as they can meet certain conditions. In addition, through historical reasons and ACCA's international influence, ACCA qualifications are highly recognized by a wide range of employers in the Hong Kong recruitment market.

3. Taiwan

ACCA qualifications are recognized by the Taiwan government. ACCA members or chartered certified accountants can become Taiwanese accountants (CPA) by taking some of the subjects of the Taiwan Accountant Examination.

4. Singapore

ACCA has signed a mutual recognition agreement with the Institute of Certified Public Accountants of Singapore (ICPAS) and holds a joint accountant examination. Through recognition by the Institute of Certified Public Accountants of Singapore (ICPAS), ACCA can practice in Singapore.

5. Malaysia

The ACCA qualification is recognized by the Malaysian Institute of Accountants and can directly become a Malaysian Chartered Accountant (CA).

6. Pakistan

A Chartered Certified Accountant (ACCA) can directly serve as the Qualified Company Secretary (Qualified Company Secretary) of a listed company in Pakistan. At the same time, ACCA members can become Pakistani Chartered Accountants (CA) as long as they take part in some subjects of the Institute of Chartered Accountants of Pakistan (Institute of Chartered Accountants of Pakistan) examination.

7. Others

ACCA qualifications are also recognized by Macau, Vietnam, Brunei, Cambodia and Laos, and are conferred on chartered certified accountants through recognition regulations with local accounting associations. (ACCA) can practice locally.