In 2008, ICAI signed an historic Memorandum of Understanding with the Institute of Chartered Accountants of England and Wales. The arrangement provides that existing members of ICAI will be eligible for ICAEW membership on passing the ICAEW's final advanced level papers.
Now ICAEW and ICAI are giving you the best opportunity to become an ICAEW member. They have both accredited specialist tuition provider Get Through Guides (GTG) to be its exclusive provider of training to help ICAI members pass the Advanced level papers first time. GTG is already well known in India as one of the premier training organisations for the top corporates and multi-nationals and writes materials for the Indian Institute of Insurance amongst others.
The syllabus has been designed to develop core technical, commercial, and ethical skills and knowledge in a structured and rigorous manner. Progression through the ACA modules, in combination with integrated and monitored work experience, will equip and prepare candidates for the demanding multi-disciplinary case study. This final module assesses key skills of analysis, synthesis and communication, commercial and ethical awareness and the application of professional judgement.
The diagram above shows the twelve modules at the Professional Stage, where the focus is on the acquisition and application of technical skills and knowledge, and the Advanced Stage which comprises two technical integration modules and the Case Study.
Ethics is embedded throughout the qualification and there are specific learning outcomes included in a number of the modules. The syllabus has been designed to ensure candidates understand the fundamental principles of ethics, can apply relevant ethical guidance and are able to recommend actions to resolve ethical issues
The Advanced Stage of the ACA qualification is designed to ensure that candidates are able to integrate and apply their technical, professional and ethical skills in a variety of business environments.
The Advanced Stage has been constructed to ensure that candidates:
- are able to identify and evaluate a broad range of business issues and communicate appropriate advice
- provide relevant and correct technical advice, whilst ensuring that the business implications
of the advice given are understood
- apply the highest level of professional and ethical skills to business and technical issues
- maintain their awareness of important emerging business issues
- are provided with the platform to develop their skills within a continuing professional development framework
Structure and progression
There are three Advanced Stage modules: the Case Study and two underpinning technical integration modules. The two technical integration modules are Business Reporting and Business Change.
The Professional Stage consists of knowledge modules and application modules. The Knowledge modules introduce the core technical knowledge and skills required by a chartered accountant. The application modules further develop and assess practical application of technical knowledge and skills.
The technical knowledge acquired at the Professional Stage is developed to an advanced level and integrated in a broader range of business scenarios in the Advanced Stage technical integration modules. The application of technical knowledge in these modules requires an appreciation of the typical issues and problems facing businesses and their relationship to corporate reporting, assurance and taxation. A greater depth of business and financial analysis will be required to understand the implications and risks arising from the business issues.
Candidates will also be required to apply professional knowledge using more advanced skills. These professional skills are then examined to a greater extent in the final ACA module: the Case Study. This module requires higher level cognitive skills, analytical and evaluative skills and emphasises the importance of communication and articulation skills.
This document presents the high level learning outcomes for the two technical integration modules and sets out the skills requirements for the Case Study. The appendix contains details of the technical knowledge required for the Advanced Stage.
The two technical integration modules will be examined using traditional paper based assessments. Each paper based exam will be 3.5 hours in length. These exams will contain questions requiring the integration of knowledge both within technical disciplines and across technical disciplines. Questions integrated across all subject streams are an essential step towards the Case Study but will generally have more structure and guidance than those at the Case Study.
The Case Study will continue in its present format of a 4 hour written exam with ‘advance information’ provided to candidates ahead of the exam and ‘impact information’ issued in the exam, containing the Case Study requirements.
Open Book Policy
Candidates may take any written or printed material into the exam hall subject to practical space restrictions.
|Assessed Skills||Advanced Stage|
| ||Technical Integration||Case Study|
|Understanding the subject matter and identifying issues||Complex scenarios||Unstructured complex business scenarios|
|Accessing, evaluating and managing information||Multiple information sources provided||Multiple information sources including own research|
|Using technical knowledge and professional experience||Structured application of integrated and non-integrated knowledge and experience||Unstructured application of integrated knowledge and experience|
|Structuring problems and solutions|
|Using analytical tools||Tools inferred by nature of problem||Unspecified tools|
|Analysing and evaluating problems||Specified integrated and non- integrated problems||Defined output but unspecified problems|
|Assessing quality of information||Specified in complex scenario||Underlying requirement within complex scenario|
|Assessing options and priorities including ethical issues||Options included in complex scenario||Balanced judgment of priorities and risks in unstructured scenario|
|Considering other perspectives||Alternative(s) provided||Alternatives identified using professional experience|
|Conclusions and recommendations and communication|
|Drawing conclusions and making recommendations||Specified conclusions and recommendations in complex scenarios||Conclusions and recommendations supported by own evidence|
|Presenting data and written work||Short written professional presentations||Professional report with appendices and executive summary|