Institute Of Chartered Accountants In England and Wales (ICAEW
- A group of accountants and finance professionals who have met various industry competency standards in England and Wales. To become a chartered accountant and be designated an Associate of the Institute of Chartered Accountants in England and Wales (ACA), ICAEW members must:
- Complete 450 days of relevant work experience (generally three to five years)
- Pass stringent exams on financial management, auditing, business strategy, taxation and IT
Similar to most professional trade organizations, the ICAEW helps to ensure that potential employers receive assistance from ACA- and FCA-certified accountants by insisting that its members demonstrate a certain level of expertise. In the United States, the American Institute of Certified Public Accountants performs a similar service, although one needn't be a member to be designated a certified public accountant (CPA).
Investment dictionary. Academic. 2012.