home  news  study zone  career advice  pq awards  free mag  advertise  contact  nq mag
PQ magazine is for part qualified accountants.

Read the latest web issue here if you like what you see sign up today

Latest News


Making the right choices

27 June 2017

The ICAEW has been told by the Financial Reporting Council (FRC) that students who sit and pass the Financial Accounting & Reporting: UK GAAP exam and the future Corporate Reporting: UK GAAP exam will not be eligible for the Audit Qualification (AQ).

However, the FRC has agreed that any student who sits Financial Accounting & Reporting: UK GAAP at the March, June, September and December 2017 exam sittings (including any resits) will be able to obtain the AQ by sitting Corporate Reporting: IFRS. Students will have to pass both exams and will still need to satisfy all other requirements of the AQ.

That this point any student who sits the Financial Accounting & R: UK GAAP and then Corporate Reporting: UK GAAP will not be eligible for the AQ.

ICAEW told PQ that it will continue to work with the FRC and will keep students informed of further developments.

[«all news]
preload preload preload preload
Subscribe to RSS