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Public practice
All of those admitted to membership of AAPA are, by definition, eligible to enter into practice and to describe themselves as “Authorised Public Accountants” and to obtain a non-statutory practising certificate and an auditing certificate (if the relevant ongoing conditions are met). Any AAPA member undertaking work under AAPA's definition of public practice must hold a non-statutory practising certificate. There is no fee for a non-statutory practising certificate. If an individual/firm is involved in statutory audit work, audit registration should also be obtained (see below).
Audit Registration
AAPA members who hold non-statutory practising certificates are entitled to apply for ACCA auditing certificates for their firms. Such certificates are issued under ACCA's Global Practising Regulations, which have been adopted by AAPA.
Partnerships applying for ACCA auditing certificates must be wholly composed of AAPA members or at least 51% controlled by AAPA members or holders of other relevant qualifications (i.e. ACCA or ICAEW/ICAS/ICAI members holding practising certificates/audit qualifications). Incorporated firms must be similarly controlled by appropriately qualified directors.
Audit registration costs £350 (2009) per principal per calendar year.
Bye-laws and Practising Regulations
A booklet containing AAPA's articles, memorandum and bye-laws is available on request from ACCA.
ACCA's Global Practising Regulations, which have been adopted by AAPA, are circulated automatically to all AAPA members holding non-statutory practising certificates, each year in the ACCA Rulebook. Further copies are available on request.
A schedule of applicability of the ACCA Rulebook to AAPA members is contained in the above mentioned booklet containing the AAPA articles, memorandum and bye-laws.