The Association of International Accountants (AIA)
AIA was founded in the UK in 1928 as a global accountancy body and¬†now provides qualifications and services for over 7,000 Members and¬†8,500 Students, Graduates and Affiliates in over 85 countries worldwide.
AIAis recognised by the UK Government as¬†a¬†Recognised Qualifying Body¬†for statutory auditors under the¬†Companies Act 2006, as a¬†Prescribed Body¬†under the Companies¬†(Auditing and Accounting) Act 2003 in the Republic of Ireland, andmembers qualified as a statutory auditor and registered with a¬†Recognised Supervisory Body (RSB) are able to seek registration as a¬†statutory auditor across the European Union. In the UK, AIA also has¬†supervisory status for its members in the Money Laundering Regulations¬†2007 and has recognition to operate in the Qualifications and Credit¬†Framework (QCF) as an Awarding Body. The AIA professional qualification¬†is currently recognised in over 30 countries worldwide.
AIA exams are held twice a year around the world and are split into¬†three blocks, each of which build on the knowledge and skills achieved¬†in the previous level. The exams are based on International Financial¬†Reporting Standards (IFRS) and International Standards on Auditing¬†(ISA), complemented by a range of variant papers applicable to local tax¬†and company law in key jurisdictions.
Successful completion of the exams and three year‚Äôs relevant work¬†experience is required before qualification to full membership. AIA¬†members are equipped with the relevant skills to explore a wide range of¬†career options and are part of a growing network of professionals who¬†hold key positions in multinationals, SMEs, private practice and the¬†public sector across the globe.
AIA¬†members use the designatory letters FAIA, as a Fellow and AAIA as an Associate.
AIA is an¬†awarding body¬†in the¬†Qualifications and¬†Credit Framework (QCF)¬†and offers nineteen Accountancy and Finance¬†units within the¬†Register of Regulated Qualifications.
These units can be taken on their own, or combined towards achieving¬†three different accountancy qualifications, and ultimately, the AIA¬†Professional Accountancy Qualification:
- AIA Level 5 Certificate in Accountancy (QCF)
- AIA Level 6 Diploma in Accountancy (QCF)
- AIA Level 7 Diploma in Professional Accountancy (QCF)
|Level 5 Certificate in Accountancy||600/4633/8||5||36|
|1||Applying Financial Accounting Theory to Practical Situations||K/503/6994||5||8|
|4||Principles of Law for Accountants||Y/503/6991||4||5|
|5||Theory and Application of the Principles of Audit||A/503/6997||5||5|
|6||Application of the Underlying Principles of Personal and Business Tax||F/503/6998||5||5|
|7||Principles of Statistical Sources and Data Collection||D/503/6992||4||2|
|8||Business Information Processing||H/503/6993||4||2|
|Level 6 Diploma in Accountancy||600/4634/X||6||65|
|9||Managing Internal and External Audit Procedures||M/503/7001||6||11|
|10||The Application of Company Law in Financial Settings||T/503/7002||6||10|
|11||Analytical Skills for Business||J/503/6999||5||5|
|12||Designing a Management Information System||K/503/7000||5||5|
|13||Business Management Principles for Accountants||A/503/7003||6||10|
|14||Financial Accounting for International Accountants||F/503/7004||6||12|
|15||The Use of Cost Control and Cost Management in Operational and Strategic Decision Making||J/503/7005||6||12|
|Level 7 Diploma in Professional Accountancy||600/4632/6||7||80|
|16||Corporate Accounting and Reporting||D/503/7009||7||20|
|17||Financial Management with an International Perspective||R/503/7010||7||20|
|18||Professional Practice in Auditing||Y/503/7011||7||20|
|19||Taxation and Tax Planning||Y/503/7011||7||20|
AIA¬†tests the learning outcomes and assessment criteria of each unit by a three-hour written exam in English.
AIA exams take place twice a year in May and November over four days; the exam entry deadline is the¬†1 April and the¬†1 October¬†respectively.
The exam is for a three-hour period and you will be given an additional 15 minutes reading and planning time.
In order to take a unit at a particular level, you are required to¬†hold a full qualification at either the same level or at the level¬†immediately below.¬† For example, if you want to take a unit at¬†level 7, you need to hold a qualification at level 7 or level 6.¬†¬†Please see further information about¬†QCF¬†Units¬†and¬†Qualifications.
AIA Level 5 Certificate in Accountancy(QCF)Eight Months
AIA Level 6 Diploma in Accountancy¬†(QCF)Eight Months
AIA Level 7 Diploma in Professional Accountancy (QCF)Eight Months