Recognition of ACCA in Europe

Joint Exam Scheme in place.

No formal recognition.

Mutual Agreement with National Chamber for Statutory Auditors (KACR), Czech statutory auditors are exempted from 7 ACCA exams and ACCA members from 5 KACR exams; pending approval KACR business in finance – ACCA finance management exam exemption to be added. Good open relation, other joint initiatives.

The ACCA accreditation for the Czech Union of Accountants is pending, not yet been formally granted. As they are not an IFAC body, it is difficult to predict the outcome.

No formal recognition.

The Strategic Partnership Agreement with Compagnie Nationale des Commissaires aux Comptes (CNCC) previously Conseil Superieur de l’Ordre de Experts Comptable signed 2015.

ACCA and CNCC jointly developed Certificate in Business Valuation.

ACCA CNCC meeting at WCA in Mumbai 2022; Follow up discussions, investigate into cooperation with joint events, technologies supporting audit, talent shortage, CSRD are being investigated; no formal arrangements at this stage.

No formal recognition.

Building relations with Wirtschaftspruferkammer (Chamber of Auditors).

Possible joint events, conferences, reports in the future, cooperation under development.

Joint Exam Scheme in place. 

Partial formal recognition.

Once the mutual exemptions are agreed upon, we would be happy to sign an agreement of cooperation with the Chamber. The agreement could follow on from the Memorandum of Understanding which ACCA signed with the Chamber in February 2019 to develop further areas of cooperation, including, but not limited to the accreditation of Chamber of Hungarian Auditors exams in ACCA, joint events, and PI involvement.

There are currently 5 exemptions for statutory auditors, exemptions for ACCA members are still to be confirmed.

No formal recognition.

MoU with The Association of Accountants of the Republic of Latvia; their members exempted from three ACCA exam.

Partial formal recognition for EU citizens ACCA holders with PCs.

Ongoing discussion between Luxembourg CSSF – CSSF/ACCA/FRC on how to ensure recognition for all ACCA members (from third countries) – MoU needed in place.

FRC rejected the CSSF proposition; If CSSF change their position to be willing to consider a limited MOU (covering certain entry routes only) then FRC would be open to carrying out an assessment of their qualification.

No formal recognition.

However, very good relations with the local body (we signed a few pricing agreements along the years whereby we offered discounts for their members wanting to join ACCA).

Joint Exam Scheme in place. 

ACCA members and DipIFR are mentioned in an order from the Ministry of Finance (the authority granting exemptions from the path to audit and accounting qualifications) and obtain exemptions to all but “Law” exams, respectively exemptions from the “Financial accounting” exam.

No formal recognition.

MoU with local audit body. Their members are exempted from 9 ACCA exams ACCA Members recognized by the law to sit in the Boards of the State Owned Companies.

No formal recognition.

Exemption agreement between ACCA and Slovak Chamber of Certified Auditors (SKCU). There are 7 exam exemptions for statutory auditors, the number of exemptions for ACCA members is awaiting confirmation. 

No formal recognition.

Strategic Partnership Agreement signed with the Spanish Audit Body – Insitituto de Censores Jurados de Cuentas (ICJCE)) in September 2016. Further steps are planned to move from SPA.

Chance for MRA is limited due to Brexit impact. MoU with CGA (other Spanish body) on joint training programmes and on increasing employment opportunities was signed in 2020.

No formal recognition.

ACCA members can undertake audit work in Switzerland by obtaining the Federal Audit Oversight Authority license based on Irish/UK qualification requirements.

Further work in place to merge FRC and FAOA based on Swiss – UK trade agreement (it does not cover services).

Mutual formal recognition with The Audit Public Oversight Body of Ukraine.

Attestation Commission of the Audit Public Oversight Body in Ukraine published and acted on formal recognition of ACCA exams within audit qual process in Ukraine. Due to the Law of Ukraine act has been approved by the Ministry of Finance of Ukraine. It secures recognition of ACCA and enables members to be exempted from relevant exams. In practice, it means that ACCA members will be exempted from 9 exams, which are relevant to Applied Knowledge and Skills level. ACCA members will need to pass one Qualification Exam in order to become certified auditor in Ukraine. Qualification exams are taking place in June and November.

This document outlines the decision by The Audit Public Oversight Body of Ukraine to recognize ACCA as compliant with Ukrainian auditing exam standards.