A person may be admitted as an Associate Member if he passes all the papers of CPA program, and shall be entitled to use the designatory letters ACPA.
An Associate Member of the institute, who has attained the practical experience aggregating to at least five years or more, shall be entitled to use the designatory letters FCPA. Upon completion of such period, an associate member shall apply for fellow membership of the institute, who shall upon assessment/verification of his requisite experience be granted a certificate of fellow membership of the institute.
The Fellow member of the institute who has attained a professional and extensive experience aggregating to at least ten years shall be entitled to the designation of the Practicing Member by obtaining License to practice as a Certified Accountant (CPA) on payment of the prescribed fee.
CPA members in practice are governed by a set of rules that ensure best practice and protection of the public.
1.A member in practice is a member who, under the auspices of CPA, offers or provides accountancy services to the public, either in a personal capacity, or as a sole proprietor of a business, or as a director of a company or partner in a partnership providing accountancy services, and
2.‘Accounting services’ includes advice and services in connection with
3.The following shall not be regarded as ‘accounting services
4.All members in practice must register with the institute. Every application for registration as a members in practice shall be accompanied by
5.Every applicant for the practising certificate shall satisfy a panel of assessors that he / she meets the eligibility criteria for the award of a practicing certificate. The Institute shall give guidance to unsuccessful applicants as to how to meet the criteria.
6.Members in practice are required to
7.The requirements of rule 6 may, where appropriate, be discharged on behalf of a member in practice by his/her partnership or company, provided that, if such requirements are not so discharged, the member in practice shall remain personally liable in respect of any disciplinary proceedings arising from non-compliance.
8.Members in practice must comply with any scheme operated by the Institute, which includes procedures for monitoring compliance with the provisions of these rules.
9.The disciplinary committee has power to suspend or cancel the registration of a member in practice or withdraw a practicing certificate.
10.A practicing certificate shall remain the property of the Institute and must be returned if withdrawn under 9 or when a holder ceases to be registered as a member in practice.
11.There shall be no other privileges or qualifying description afforded to a holder of the practicing certificate, except that his / her name shall be shown as such in the list of members, on any separate lists specific to holders of the practicing certificate, and that he/she shall have the use of the Institute’s logo, as adapted for practicing certificate holders, subject to his agreement to the terms of a specific license agreement.
12.Any member found to be providing accounting services to clients whilst not registered as a member in practice and who fails to register after having been asked to do so shall be liable to disciplinary action by the institute, and members are warned that failure to register for anti-money laundering supervision may be a statutory offense.
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