Plan: Principals and authorised supervisors are qualified accountants and eligible to act in this position.
A principal is defined as an appropriately qualified member of a professional body who has overall responsibility for supervising the training of up to 10 individuals towards ACCA’s practising certificates and acts as guarantor to ACCA that individuals have reached the required standards.
An authorised supervisor is defined as a qualified member of a professional accountancy body to whom the principal has delegated responsibility for reviewing and verifying ACCA training records for a practising certificate. This person does not need to be a qualified auditor.
However, the principal must ensure that an authorised supervisor has the necessary qualifications and experience. The authorised supervisor must be a senior staff member in the organisation, have knowledge of the individual’s work and the training undertaken.