PROFILELast Updated on Tuesday, 23 July 2013 14:15
AIA was founded in the UK in 1928 as a global accountancy body and now provides qualifications and services for over 7,000 Members and 8,500 Students in over 85 countries worldwide.
AIA is recognised by the UK Government as a Recognised Qualifying Body for statutory auditors under the Companies Act 2006, as a Prescribed Body under the Companies (Auditing and Accounting) Act 2003 in the Republic of Ireland, and members qualified as a statutory auditor and registered with a Recognised Supervisory Body (RSB) are able to seek registration as a statutory auditor across the European Union. In the UK, AIA also has supervisory status for its members in the Money Laundering Regulations 2007 and has recognition to operate in the Qualifications and Credit Framework (QCF) as an Awarding Body. The AIA professional qualification is currently recognised in over 30 countries worldwide.
AIA exams are held twice a year around the world and are split into three blocks, each of which build on the knowledge and skills achieved in the previous level. The exams are based on International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA), complemented by a range of variant papers applicable to local tax and company law in key jurisdictions.
Successful completion of the exams and three year’s relevant work experience is required before qualification to full membership. AIA members are equipped with the relevant skills to explore a wide range of career options and are part of a growing network of professionals who hold key positions in multinationals, SMEs, private practice and the public sector across the globe.
AIA members use the designatory letters FAIA, as a Fellow and AAIA as an Associate.
Those who achieve the AIA Recognised Professional Qualification (RPQ) as a statutory auditor are able to register with a Recognised Supervisory Body (RSB) and undertake statutory audits of companies of all sizes in the UK in accordance with the UK Companies Acts.
All AIA members must undertake Continuing Professional Development, are subject to Disciplinary Procedures and adhere to the International Federation of Accountants (IFAC) Code of Ethics. AIA is regulated by the Financial Reporting Council (FRC) and the Irish Auditing & Accounting Supervisory Authority (IAASA).
REPUTATION & GLOBAL NETWORK
The AIA is constantly working with our people and partners in financial centres around the world, to encourage trust, clarity and shared international standards in the accounting profession. Many of our members are at the top of the industry, from senior management to director level, representing some of the most important and profitable firms in the world. With a select membership demographic including high numbers of these influential decision makers, the AIA is a truly prestigious organisation.