Institute of Chartered Accountants of Scotland
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| Abbreviation | ICAS |
|---|---|
| Predecessor |
Edinburgh Society of Accountants, Glasgow Institute of Accountants and Actuaries, Aberdeen Society of Accountants |
| Formation | December 11, 1854 |
| Legal status | Chartered body |
| Website | www |
Edinburgh Society of Accountants, Glasgow Institute of Accountants and Actuaries,
The Institute of Chartered Accountants of Scotland (ICAS) is the world's first professional body of Chartered Accountants (CAs). It is a regulator, educator, influencer and thought leader.
ICAS act as a thought leader and voice of the professional business community. Although other British accounting bodies use the title Chartered Accountant, the CA designation is unique to ICAS in the UK.
ICAS has more than 21,000 members and students worldwide. ICAS provides support, advice and services to its CAs throughout their professional lives. ICAS members are business advisors, business leaders and entrepreneurs. They play leading roles in 80% of the FTSE 100 companies. Half of ICAS members are based in Scotland; the other half work in England and around the globe.
The Institute of Chartered Accountants of Scotland (ICAS) is the world's first professional body of accountants, receiving its Royal Charter in 1854. The institute originated from:
These three bodies merged to form the Institute of Chartered Accountants of Scotland in 1951. It was the first to adopt the designation "Chartered Accountant" and the designatory letters "CA" are still an exclusive privilege in the UK for ICAS members.
In addition to the CA qualification, ICAS delivers the ICAS Tax Professional (ITP) qualification in partnership with Tolley Tax Training. Those completing the qualification are awarded the designiation 'ITP'.
It takes generally 3 years to qualify as a CA during which students will combine structured work experience with classroom-based study of relevant education syllabus. The training programme enables students to develop the professional knowledge, skills and attributes essential to qualify as a CA.
In order to be eligible to enter training to become a chartered accountant, prospective CA students must hold a UK degree (or overseas equivalent). The UK NARIC provides a service to individuals seeking confirmation on comparability between international qualifications and UK qualifications. In addition prospective CA students must obtain a training contract with an authorised employer.
The Institute has mutual recognition agreements in place with:
ICAS members may admit to full memberships of the above institutions after passing an aptitude test or subject to other specific requirements.
Members of equivalent bodies in other European Economic Area member states and Switzerland may also be admitted to membership after passing an aptitude test, provided they are a citizen of an EEA state or Switzerland.
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