What is ICAEW?
The Institute of Chartered Accountants in England and Wales (ICAEW) is a professional membership organization of accountants and finance professionals. With its headquarters in London, the ICAEW was created in 1880 and today boasts over 180,000 members
- The Institute of Chartered Accountants in England and Wales (ICAEW) is a professional organization for accounting professionals.
- It is headquartered in London, with additional offices and local branches throughout the world.
- To become members of the ICAEW, candidates must first complete a series of rigorous exams, in addition to maintaining professional education and ethical conduct requirements.
How the ICAEW Works
- As with other organizations such as the United States’ American Institute of Certified Public Accountants, the purpose of the ICAEW is to ensure that those entering the accounting professional are equipped with consistently high standards of professional knowledge, competence, and ethical conduct. To that end, the ICAEW administers exams, provides career support services for accounting professionals, and publishes a Code of Ethics which its members are required to adhere to at all times.2
- Although it is headquartered in London, the ICAEW has offices throughout the world, including branches in Beijing, Brussels, Dubai, and Vietnam.3 To become a member of the ICAEW, candidates must first obtain the ICAEW Chartered Accountant (ACA) designation. To do so, candidates must first complete at least three years of relevant work experience. Once they are ready to write the ACA exams, candidates must complete 15 modules of coursework focused on areas such as accountancy, finance, and business management. The ACA exam also places a strong emphasis on professional ethics.4
- To help that their curriculum reflects new developments in the accounting profession, the ICAEW includes ten faculties, each dedicated to a specific area of focus within the industry and staffed by experienced professionals within each field. Through these faculties, the ICAEW develops new material in areas ranging from taxation and audit practices to information technology
There are over 1.8m chartered accountants and students around the world − talented, ethical and committed professionals who use their expertise to ensure we have a successful and sustainable future. More than 184,500 of these are ICAEW Chartered Accountants and students. We train, develop and support each one of them so that they have the knowledge and values to help build local and global economies that are sustainable, accountable and fair. We’ve been at the heart of the accountancy profession since we were founded in 1880 to ensure trust in business. We share our knowledge and insight with governments, regulators and business leaders worldwide as we believe accountancy is a force for positive economic change across the world.