Audit qualification requirements

Regulations for the Audit Qualification

Under the provision of the Companies Acts (both UK and Ireland) members are not entitled to work in audit practice, unless they have met the educational and training requirements set out in the Acts.

Confirmation that members have met the educational requirements for the Audit Qualification, does not imply they are registered with the Institute to undertake audit work or sign off audit accounts.  If a member intends to undertake audit work, they must subsequently apply formally for audit registration with the Professional Standards Department.

Educational Requirements for the Audit Qualification

A member of the Institute (admitted on or after 1 January 1990) shall be deemed eligible to have met the educational requirements for the Audit Qualification if and only if they have met the undermentioned criteria;

  1. He or she has been admitted to membership following training under a Training Contract (minimum 3 years) and or under the Elevation Programme (Flexible Route) (minimum 3 years, applicable from 1 January 2014) in a Recognised Training Firm supervised by a Statutory Auditor or in a firm which is recognised as a Training Firm supervised by a Statutory Auditor by the Institute of Chartered Accountants in England and Wales or the Institute of Chartered Accountants of Scotland.

  2. He or she has, in the course of his or her period of Training Contract and or under the Elevation Programme (Flexible Route) in a Recognised Training Firm supervised by a Statutory Auditor, or thereafter, received at least forty-six weeks practical training:

In the case of the Republic of Ireland:

(i) statutory audit (as defined under Section 1461 the Companies Act 2014)

In the case of Northern Ireland, either:

(i) statutory audit work (as defined under the Companies Act 2006), or

(ii) other audit work, similar to statutory audit work (as approved by the Secretary of State under Schedule 11 paragraph 9 (1) (b) of the Companies Act 2006)  of which at least twenty-three weeks shall have been in statutory audit work as defined in the Companies Act 2006.

3. He or she has met the educational and training requirements outlined under the Acts, inclusive of the Audit Elective option in the Final Admitting Examination, where applicable from 2010 onwards.

4. He or she has during the period post admission to membership (if any), complied with regulations on the completion of Continuing Professional Development as adopted from time to time by the Council.

 

Audit Qualification application form 

Download the Audit Qualification Application form here.

Completed application forms and supporting documentation should be submitted to:

Ms Judy Waters
Training Support Unit
Chartered Accountants Ireland
Chartered Accountants House
47-49 Pearse Street
Dublin 2

Have a query?

For queries regarding Audit Qualification Requirements please contact Judy Waters in our Training Support Unit at Trainingsupport@charteredaccountants.ie 

Audit Qualification FAQs

If you have any queries regarding the Audit qualification requirements application, please refer to the Audit Qualification Requirements FAQs.

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