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Beware 7-year rule
25 January 2018
Professional level ACCA students need to be more aware that they now have seven years to complete their exams before the results ‘expire’.
Previously students were removed from the register if they had not completed the exams within 10 years of their initial registration dat. This never really happened as the 10 years were reinstated every time the syllabus was changed!
The seven-year time limit starts as soon as you pass your first professional level exam.
So, if you passed P1 in December 2010 it would have been given an ‘expiry date’ of December 2017. If you did not complete all exams by December 2017 then you will be required to re-take P1. There is an added complication because of the changes to the professional qualification come September.
The ACCA has said that if difficult personal circumstances have prevented you from taking exams you can apply for an extension to the time limit. But it said that extensions will only be granted under the most extenuating of circumstances. And the maximum extension it will grant is one year (fore exam sessions).
* Students who’s first exam session was December 2015 or earlier still have a 10-years time limit to complete the qualification. But this is from the date they registered as a student.
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