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Thank you for your thoughts and input Kim, it has been good to discuss the situation.
I will contact ACCA and clarify with them if I am able to work under an alternative bodies licence.This is exactly my point, to be in public practice whilst registered with ACCA would mean needing their licence, which at the moment is not possible as a student member.
If I suspended membership from ACCA I would be able to be licenced via AAT, and engage in many of the above services (that are beyond basic bookkeeping) under their licence.This leads me back to my original query, as I don’t like to think the time and effort I have already invested in to ACCA would be completely wasted, what happens with the exam passes I have already gained if I suspended membership? Would I be able to re-instate my membership at some point in the future (if I discontinued public practice) and pick up where I left off?
Feasibly due to work and life commitments I am looking at 2+ years to complete ACCA exams if I continue with them at the present time, plus 2 years post membership experience on top of that to meet ACCA’s practicing certificate requirements – that’s a very long time to wait when an opportunity has arisen now.
Hi Kim,
Thank you for your reply.
The issue is not with my employer, it is with ACCA deeming me to be in “public practice” if I chose to provide services as a self employed individual.
My employer is happy for me to undertake additional work outside of my employment.
From what I understand ACCA students are not permitted outside of employment to undertake work beyond basic bookkeeping, otherwise they are deemed to be in public practice?
So to be able to provide services beyond basic bookkeeping, as a self employed individual I would need to suspend my student membership?
