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ACCA MEMBERS APPLYING FOR HKICPA MEMBERSHIP

1. Under this MRA, who is eligible to apply for membership of HKICPA?

The MRA applies to ACCA members who were registered as ACCA students in Hong Kong and the UK after 15 August 2004.

An applicant who is a member of ACCA applying for membership of HKICPA must have:

  • an Accounting Degree or a Non-Accounting Degree accredited or recognised by HKICPA;
  • passed the ACCA Professional Examination in Hong Kong or the UK which must include:

 

ACCA syllabus before December 2007ACCA syllabus effective from December 2007
Paper 3.1 - Audit and Assurance ServicesP7 - Advanced Audit and Assurance
Paper 3.2 (HKG) – Advanced Taxation (Hong Kong)P6 (HKG) – Advanced Taxation (Hong Kong)
Paper 3.7 - Strategic Financial ManagementP4 - Advanced Financial Management


  • completed and passed the workshops of any one of the four modules of the HK QP;
  • passed the Final Professional Examination of the HK QP;
  • has at least three-years' practical experience in accountancy which has been gained under an Authorised Employer or Authorised Supervisor complying with the HK Practical Experience Requirement;
  • registered as an ACCA student in Hong Kong or the UK.

ACCA members who were registered as ACCA students on or before 15 August 2004 fall under the transitional arrangements.  Further information on transitional arrangements is available on this page.

 

2. What do 'Accounting Degree' and 'Non-Accounting Degree' mean?

'Accounting Degree' means a university degree in accountancy accredited or recognised by HKICPA for registration as a student of HKICPA.

'Non-Accounting Degree' means a university degree (other than an Accounting Degree) accredited or recognised by HKICPA for the purpose of its Conversion Programme for non-Accounting Degree holders who wish to register as a student of HKICPA.

 

3. I registered as an ACCA student outside Hong Kong. Am I covered by the MRA?

No. The MRA applies to ACCA students registered in Hong Kong or the UK only.

4. If I have been awarded exemption(s) from any paper of the ACCA Professional Examination, am I eligible to apply for HKICPA membership under the MRA?

Yes. Any applicant who has been exempted by ACCA from sitting any of the 14 papers of the ACCA Professional Examination shall be subject to competency assessment by HKICPA on a case-by-case basis for the purpose of determining whether HKICPA's full competency requirements have been satisfied.

5. If HKICPA has accredited my degree, do I need to go through the competency assessment and pay the fees?

Yes. HKICPA requires the assessment of all applicants' university transcripts, and may sometimes impose conditions on mandatory subjects that a graduate of an accredited degree must complete.

6. If I have been awarded exemption(s) on ACCA papers 2.2 (HKG) / F4 (HKG) Corporate and Business Law and/or 2.3 (HKG) Business Taxation (Hong Kong) / F6 (HKG) Taxation (Hong Kong), do I need to take the HK aptitude tests in order to apply for HKICPA membership under the MRA?

No aptitude text is required under the MRA.

7. If I did not choose to attempt or did not pass any of the ACCA papers required under point one in this section, am I eligible to apply for HKICPA membership under the MRA?

The MRA requires that all applicants have successfully completed Paper 3.1 / P7, Paper 3.2 (HKG) / P6 (HKG) and Paper 3.7 / P4.  Members will have the option to attempt these papers with ACCA in addition to the option papers they have previously sat.

Alternatively, members can complete and pass the corresponding HKICPA QP Module in the following table:

Corresponding papers

ACCA Qualification
effective from
December 2007
ACCA Qualification
effective before
December 2007
HKICPA alternative
P4 - Advanced Financial ManagementPaper 3.7 - Strategic Financial ManagementModule B (Financial Management)
workshop and examination
P6 (HKG) - Advanced Taxation (Hong Kong)Paper 3.2 (HKG) - Advanced Taxation (Hong Kong)Module D (Taxation)
workshop ONLY
P7 - Advanced Audit and AssurancePaper 3.1 - Audit and Assurance ServicesModule C (Auditing and Information Management)
workshop and examination


8. If I had passed paper 3.7 Strategic Financial Management, but had chosen to obtain the credit for P1 during the conversion to the new ACCA Qualification commenced in 2007, do I need to attempt P4 in the new ACCA Qualification under the MRA?

No. Your choice of conversion between the old and new ACCA Qualification does not affect your eligibility. What matters is which examination you actually passed. Please refer to the Corresponding Papers table on this page. 

9. What are the practical experience requirements to apply for HKICPA membership?

An applicant must satisfy HKICPA that he has at least three years of practical experience in accountancy which has been gained under an Authorised Employer or Authorised Supervisor complying with the HK Practical Experience Requirement. For full details of the practical experience requirements, please visit HKICPA's website

 

10. When can I start taking HKICPA's module workshops?

Students of ACCA are not eligible to enroll for the module workshops.

Members and Affiliates of ACCA, who hold an Accounting Degree or a Non-Accounting Degree, are eligible to enrol for a module workshop.

 

11. Will completion of the module workshop count towards my CPD requirements for ACCA membership?

Yes. ACCA members will be entitled to the award of 13 CPD units for attending the module workshop and an additional three CPD units for completing the module workshop.

 

12. When can I start taking HKICPA's Final Professional Examination?

Students of ACCA are not eligible to take the Final Professional Examination.

Members of ACCA who have completed and passed a module workshop are eligible to take the Final Professional Examination.

ACCA Affiliates who have completed and passed a module workshop are eligible to take the Final Professional Examination, providing that they do not sit the Final Professional Examination at any time prior to the expiry of the later of:

  • 24 months from the date when they have been granted an Accounting Degree or a Non-Accounting Degree; and
  • 24 months from the date when they commenced training for the purpose of gaining practical experience in accountancy under an Authorised Employer or Authorised Supervisor complying with the HK Practical Experience Requirement.

 

13. Do I need to register as a student of HKICPA before attempting the workshop of a QP module or the Final Professional Examination?

Yes.

 

HKICPA MEMBERS APPLYING FOR ACCA MEMBERSHIP

1. Under the MRA, who is eligible to apply for membership of ACCA?

HKICPA members applying for ACCA membership must meet the following criteria:

  • qualified through the HKICPA's QP
  • registered as an HKICPA student in Hong Kong
  • are an HKICPA member in good standing
  • fulfil the standard membership application requirements of ACCA (e.g. fit and proper, not subject to any adverse disciplinary findings or pending complaints or investigations).

 

2. Will there be any difference for me in applying for ACCA membership if I fully complete HKICPA's QP before or after 1 July 2015?

No.

 

3. I am a HKICPA QP student in Mainland China, does the MRA apply to me?

No, the MRA applies only to HKICPA members who were registered as a student in Hong Kong.

 

4. What are the practical experience requirements to apply for ACCA membership?

An HKICPA member is required to have at least three-years' practical experience in accountancy which has been gained under an Authorised Employer or Authorised Supervisor complying with the HK Practical Experience Requirement.

 

5. When can I apply for ACCA membership?

Once you have become an HKICPA member, you are entitled to apply for ACCA membership.

 

6. Will I have the right to practice or conduct statutory audit in the UK once I have become an ACCA member under the MRA?

No, the MRA relates to ACCA membership only.

 

Last updated: 17 Jul 2015