پادکست شماره 4 - ICAEW International Exam
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This is episode #4 of Radio Accountant reaching out to you from PACT, the Professional Accountants Center for Training.
This is Roy.
And this is Kash.
In today’s episode we are going to talk to you about another prestigious international exam that is ICAEW. The reason we chose to talk about ICAEW is that PACT managed to become an Approved Learning Partner of this organization this year.
ICAEW is a world leading professional membership organization that promotes, develops and supports over 147,000 chartered accountants worldwide. ICAEW stands for The Institute of Chartered Accountants in England and Wales.
A lot of our listeners may wonder about the difference between an accountant and a chartered accountant.
I’m glad you brought that up! By law, anyone can call themselves an accountant. The title ‘chartered accountant’ and the letters ACA or FCA, however, indicates that the person has undertaken a minimum of three years in-depth training, passed a series of rigorous examinations in financial management, auditing, business strategy and taxation, and committed to continuing professional development to keep their skills up to date.
What do chartered accountants do?
Firstly, they provide public practice. Close to 30% of ICAEW members work within an accountancy firm and provide a range of accountancy and tax services to clients, including business advice, management consultancy and audits.
They could also occupy positions such as finance director or fund manager to help businesses grow. They also work in corporate finance and forensic accounting which is involved with investigations into commercial fraud, personal injury cases and civil cases that often require the testimony of expert witnesses in accountancy.
What are the advantages of being a member in ICAEW one of the greatest accounting associations in the world?
To answer this question we have interviewed Mr. Majid Mahalati, The fellow chartered Accountants of ICAEW and a member of Iranian association of chartered public accountants.
He said ….
We also asked him about, how this certification affects your professional life?
He answered …
Sounds great! And one last thing, where should I begin?
Training can be started after leaving school or college, after completing a university degree or other professional accounting qualifications, including: ACCA. To become an ICAEW Chartered Accountants, you must study and pass 15 exams modules and complete at least 3 years on-the-job training, while passing a series of exams.
Now like always it is time to review the vocabulary items in today’s episode:
Testimony: A formal statement that something is true
Prestigious: admired or respected as one of the best and most important
Deal with: to take the necessary action, especially in order to solve a problem
Challenge: problem or difficulty
Core reason: main reason
This is our last episode in this year and we’ll back in the new year with a bunch of new ideas. Send us your feedback at telegram address is @pact_ir and our Instagram page at pact.ir.
I wish you a year
White as milk,
Soft as silk,
Sweet as honey
And full of money.