Icaew Exemptions

Why would you want to become ICAEW if you are already ACCA. It makes no sense! I am a tax lecturer at BPP in London and train students for the ACCA and ICAEW exams. The ACCA exams are much much harder than the ICAEW exams. Both are chartered qualifications, both have the same remuneration levels, both are able to carry out the same work. The main differences are that the ACCA is more internationally recognised and the ACCA syllabus is more demanding.

Thank you for the great advice! I agree with you completely

At present do we have to pay any fees to claim exemption of ICAEW .
what are procedures to apply ICAEW and claim exemption.

How many exemtions shall one get for ICAEW, if he/she completes upto F9 in ACCA?

If you want to you can go ahead but you will still be a chartered accountant when you finished ICAEW just as when you finished ACCA. so you go from being a Certify Chartered Accountant to Chartered Accountant and then lose the certify status. LOL. or put it the way you will go from being a qualify Auditor or Tax adviser to a qualify Auditor or tax adviser and spend more time learning (again) corporate reporting P2, Business analysis P3, Governance Risk & ethics P1, P7and bit of P4 & P5, also doing a case study exam only to be qualify to be an Auditor or a tax adviser which you already are.
Advice… if you fancy more studies. Acca has an MBA scheme if you want to move to Business strategic management of if you want to study more management accountant or financial management you can just call ACCA to do P4 & P5. P4 syllabus are more advance than the CIMA financial strategy paper and P5 is more advance The Cima Advance Management Accounting paper and ICAEW don’t do much of these base on the comparison of the syllabus i did.

I was tempted to do Cima or Icaew after Acca but i change my mind since I contacted Acca and the told me I can do more than 2 option paper but i need to ring Acca to arrange it but then again why would need to pass the exam. i can just learner it and not sit the exam as once you qualify as an Auditor/Tax adviser you can go on and be a Finance director without setting any more exam all you need is good work experience. do you know lots of the finance directors are former auditors.
i understand from someone he works for an Icaew accounting firm and the partner want their employee to do Icaew but for me i see the opposite, I have seem a Boss who Icaew Qualified but everybody else working for him is doing/did ACCA.

do not get me wrong about CIMA/ ICAEW they are fantastic qualifications and am not trying to rate ACCA above them. just choose what suits you but my point was not to waste your time doing more of the same as the are very similar if not the same.
but if you are Cima qualify you cannot be an Auditor/tax adviser so in that case if you are Cima and want to be an Auditor/tax adviser you need to do ACCA/ICAEW.
Cima makes excellent management accountant/ finance managers/directors.

Icaew makes excellent Auditors/ tax advisers/finance manager/directors

Acca are also excellent in all kind of Accountants depending on what you want to specialise in i.e Tax Adviser, Auditor,management accountant or finance manager/director. this option which can be tailor to your personal need is the reason I choose Acca.

So do the maths and the decisions is yours.
thank for your time.
try lost of work experience, is worth far more than portfolio of certificate.

my opinion.

Hi, my question is, which variants i should select for P6 and P7 papers for ICAEW exemptions?If i am not wrong P6(UK) and P7(INT), am i right? kindly guide. Thanks

I have an accounting and finance degree that gave me exemptions to ACCA for level 1 & 2. My transcript shows exempted in each of these module and I have attempted P1 in the past and passed it. I’ve now in a position where I am being offered ACA fully financed by my firm. I cannot claim the CPL for 8 units with my degree as it is more than 5 years old. Can I use my ACCA transcript to get ACA CPL via professional qualification as an ACCA student while my transcript shows nearly all module exempted?

Anyone doing icaew?