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Institute of Chartered Accountants in Ireland
Overview• Background to ICAI• Why accreditation?• Overview of process• Questions
Institute of Chartered Accountants in Ireland
• Who are we?– Professional accountancy body established by Royal Charter in 1888– Recognised in Irish and Northern Ireland/UK law – 15,000+ members, 4,000+ students– Statutory Awarding Body (CA Amendments Act 1966)
Institute of Chartered Accountants in Ireland
• Who are we? – International network of reciprocity agreements– Active involvement with other EU leading institutes– EU impact on auditor qualifications– Regulated by FRC/POB in NI/UK, IAASA, DETE, IFSRA in Republic of Ireland etc.
Why HETAC Accreditation?
• Background• Drivers
– State recognition seen as supportive of our role as educator of members– Recognition of EU developments – ICAI strategic review 2004– Recognition at Level 9 seen as a strategic advantage– Educator demand for recognition
Quality Processes
• ICAI quality processes include: – Quality intake:– 98% of student intake are graduates– 25% of students have completed a post graduate
award– Minimum of 2.2 award to be eligible for exemptions – Exemptions are available and are verified 100%– Recognition of undergraduate and post graduate
programmes for exemption– Comparatively high pass rates and “throughput”
Quality Processes
Quality over education processes: • ICAI is both an educator and examiner: both roles are
separated• Courses operated in multiple centres around the
country including Northern Ireland• Standard course monitoring processes• Annual syllabus update and review
Quality Processes
• All students are educated whilst completing a recognised “training contract” in an authorised training firm
• Students required to achieve defined competencies in the workplace
• On-line web based diary for monitoring by ICAI used to capture experiential learning
• Specific additional requirements for auditors for example
Quality Processes
• Examinations processes– Examiner appointment – Paper setting and review– Post examination feedback from stakeholders– Marking, double marking, moderation and adjudication– Monitoring of results by course centre –4 stage appeals process
HETAC Review
• Pre review preparation: 6 man weeks est.• Appointment of international review panel by HETAC• Review process• Outcome
HETAC Process
• QA processes a key requirement• Presumption of existence of quality processes
– Requirement to have documented these.• Review was a learning process for us• Review panel familiar with accountancy bodies
– Reliance by HETAC on panel’s integrity• HETAC look for learners to have:
– Access to education– Progression beyond– Transfer