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ILR as self-employed.
Posted: Tue May 15, 2012 6:36 am
by redviv
Hello all,
Am due for my ILR this month. I have just realised that my accountant acually holds ACMA which I think is Associate Chartered Management Accountant Certifcate. Does he still qualify to be my accountant as per home office regulation? Just worried as he is not fully qualified but just an associate member. Please advice seniors.
Thanks
Red
Posted: Tue May 15, 2012 9:47 am
by linkers
Posted: Thu May 17, 2012 1:03 pm
by redviv
Thanks Linkers
Posted: Thu May 17, 2012 2:47 pm
by AccountantMatthew
If the accountant isn't fully qualified then it's a no:
112. Where an applicant is providing evidence from an accountant or accountancy firm the accountant must be either a fully qualified chartered accountant or a certified accountant who is a member of a registered body. If the earnings were for work done while the applicant was in the UK, such evidence must come from an accountant or accountancy firm in the UK who is a member of a recognised supervisory
body. These are: The Institute of Chartered Accountants in England and Wales (ICAEW); the Institute of Chartered Accountants in Scotland (ICAS); the Institute of Chartered Accountants in Ireland (ICAI); the Association of Chartered Certified Accountants (ACCA); the Chartered Institute of Public Finance and Accountancy (CIPFA), the Institute of
Financial Accountants (IFA); or the Chartered Institute of Management Accountants (CIMA). If the earnings were made while the applicant
was not in the UK, the evidence must come from one of the above accountants or from an accountant or accountancy firm on the list
of full members given on the website of the International Federation of Accountants, on
http://web.ifac.org/about/member-bodies
However do check what is meant by the term 'associate'. I say this as the designation you get on qualification in my Institute (ICAEW) is an ACA - and the A stands for Associate!