AUDIT TRAININGLast Updated on Saturday, 22 February 2014 19:22
AIA is recognised by the UK Government to train you to become a statutory auditor. AIA is a Recognised Qualifying Body (RQB) for statutory auditors under the Companies Act 2006.
AIA STATUTORY AUDITOR TRAINING PROGRAMME
Through a combination of study, exam and work experience, the AIA Statutory Auditor Training Programme will provide you with a Recognised Professional Qualification (RPQ) and will equip you with the relevant skills and competencies required to work confidently and efficiently in this challenging profession.
If you wish to undertake the AIA Statutory Auditor Training Programme, you must inform us at the earliest possible time, either by completing the appropriate section on the student registration form, or by contacting Membership Services.
Exemptions are available to those wishing to undertake the RPQ, and we will consider qualifications that have been completed in the last five years. To apply for exemptions, please complete the Exemption Application Form which is available to download from the Exemptions Database. We will undertake an assessment of your qualifications and make an exemption offer in line with professional and regulatory requirements.
Audit Students must complete all sixteen exams, either by exam or by exemption. Paper 4 Law, Paper 5 Auditing & Taxation, Paper 8 Company Law and Paper 16 Taxation and Tax Planning must be completed by exam only. On completion of the Foundation level exams, you have a further five years to complete the remaining papers. In addition, you will need to complete a multi-disciplinary case study and an oral test. On successful completion of all the required elements, you must register with a Recognised Supervisory Body (RSB).
For Audit Students, the relevant UK accounting standards are Financial Reporting Standards (FRS) and Statements of Standard Accounting Practice (SSAPs) issued by the Accounting Standards Board (ASB). In respect of auditing, the relevant UK standards are all current Auditing Standards (ISAs [ UK and Ireland]) issued by the Auditing Practices Board (APB). You will also be expected to refer to the Ethical Standards (ESs) published by the APB.
More information can be found in the Guide to becoming a Statutory Auditor.