Admission

All admissions to membership shall be by the Council who shall be satisfied as to the applicant's good and moral character and is competent to pursue the profession of chartered accountancy and provided that such applicant is

                  (a)     a person who has fulfilled all of the educational, practical experience and examinations as prescribed by the Council and set out in theStudents Regulations, or


                 (b)    a person who is a member of one or more of the approved professional bodies as listed. These are –

•     The Chartered Association of Certified Accountants
•     The Institute of Chartered Accountants in England & Wales
•     The Institute of Chartered Accountants of Scotland
•     The Institute of Chartered Accountants of Ireland
•     The Chartered Institute of Management Accountants in England
•     The Canadian Institute of Chartered Accountants
•     The Certified General Accountants Association of Canada
•     The Society of Management Accountants of Canada
•     The Institute of Certified Public Accountants of the United States of America
•     The Institute of Chartered Accountants of Australia
•     The Institute of Chartered Accountants of New Zealand, and
•     Any other body of accountants that may from time to time be so recognised by         
  
•     Council.

Recognition of these bodies has been determined against an assessment using the International Education Guidelines of the International Federation of Accountants. ICAB has also agreed that there cognition of all new bodies will be subject to consultation with the Institute of Chartered Accountants of the Caribbean.                    



Pubic Practice

A member is entitled to engage in public practice –

•     As a sole practitioner
•     As a partner in a firm
•  In any other form of organisation recognised by law, whose articles and by-laws conform to the regulations of Council with respect to practising as a body corporate     as  may, from time to time, be approved by the Institute.

A member is entitled to hold a practising certificate if –

•    He/she held a practising certificate prior to the enactment of the By-laws; or, if admitted    after that date, he/she has obtained approved practical experience in accordance with    the regulations and has complied with such other conditions as the Council may from    time to time prescribe, and
•    He/she pays the prescribed fee.
  

There are two classes of practising certificates, namely general and specialty.

A general practising certificate is issued to suitably qualified members who intend to engage in all areas of public practice, without limitation.

A specialty practising certificate is issued to members who intend to engage in public practice but whose practice will be restricted to one or more fields or areas of accountancy. These areas are taxation and consulting.