Overview: FAE

The objective of the FAE examination is to assess candidates’ total competency.  With the cumulative principle, the FAE education programme is designed to integrate the knowledge, skills and values derived from earlier studies and the work environment.

Subjects

FAE is broken down into two elements known as FAE Core and FAE Elective. FAE Core is comprised of FAE core comprehensive and FAE core simulations. FAE Elective offers a choice of three electives for candidates to choose from, these are Advanced Auditing andAssurance, Advanced Performance Management and Advanced Taxation (ROI/NI).

With the cumulative principle, what you learned at CAP1 and CAP2 will be expanded in FAE.

The following course completion criteria are applicable for the 2016/2017 academic year:
“All the seven integrated case study workshops within FAE Core education programme are deemed mandatory lectures with full attendance expected. The specific workshops are: Boyne, Claddagh, Finn, Lagan, Lee, Liffey and Shannon”.

Students who are absent from more than two of the above workshops will be deemed to have not successfully completed the FAE Programme and consequently become ineligible to sit the FAE examination in the 2016/2017 academic cycle.

Delivery

FAE runs in Belfast, Cork, Limerick, Waterford/Kilkenny and Dublin centres.  There are also distance programmes in Belfast, Galway and Dublin.  Timetables can be viewed on the student portal. 

Within FAE Core, the traditional education programme gives students a blend of single and multidisciplinary case based teaching. This will continue with the distance programme; however there will be a greater focus on integrated casework in contact sessions. Single discipline and technical content will primarily be delivered online.

Distance learning is a good way for students to organise their studies around their work, social or family commitments in a structured, supported environment. Chartered Accountants Ireland is committed to ensuring students achieve success by providing comprehensive materials, online resources, and ensuring that individual support is available. Students who have proven themselves to be self-motivated, disciplined and committed enough to take responsibility for their own learning will benefit most from this course.

Integrated case study workshops provide an environment for students to hone their skills of analysis and application which are critical to success in the FAE examination.

For more information on the Distance Programme, please go to the Overview: Distance Programmes page.

Exams

The FAE examination is very different to exams previously sat. The case studies give no specific requirements, there are no specific mark allocations and subjects are not examined in the single discipline. FAE assumes your knowledge and tests your understanding and application of that knowledge in a real business-type scenario. FAE expects students to think like a professional, in an integrated manner, and give the professional analysis and advice expected of a chartered accountant.

The FAE exam contains two elements:

FAE Core: Comprises of FAE core comprehensive and FAE simulations

FAE Elective: One of the electives detailed below must be completed.

  • AAA: Advanced Auditing and Assurance
  • APM: Advanced Performance Management
  • ATR/ATN: Advanced Taxation (ROI/NI)

Completion of the Advanced Auditing and Assurance elective is a pre-requisite for gaining an audit qualification. Electives are also available for completion post-FAE, as CPD.

Recommended downloads: FAE

The Learning Journal includes the summer 2016 exam past-papers along with the suggested solutions and examiner reports.

Key dates: FAE

Closing date for FAE revision course Elective interim assessment
Dates What's happening
04 September 2017 Opening date for FAE enrolments
27 October 2017 Publication of FAE 2016/17 exam results
07 November 2017 Closing date for applications for FAE 2016/17 information and appeals schemes
31 January 2018
 Closing date for FAE exams for 2017/18 exam
23 March 2018  Closing date for FAE revision course
21 April 2018  Elective interim assessment
12 May 2018 FAE AAFRP interim assessment (only for students repeating FAE Core in 2017)
03 July - 06 July 2018 FAE mock exams (05 July: break day)
28 August - 31 August 2018 FAE 2017/18 exams (30 August: break day)

Booklist: FAE

Book names ISBNs

FAEGeneral

Student Technical Handbook 2017-18

9781910374788

FAE Core

Cases and Solutions in IFRS 4 ed by Cotter

Problem solving and the FAE 3 ed by Cotter

AAFRP Toolkit 2017

Information Management Principles

Corporate and Individual Tax Planning ROI 2017-18

Corporate and Individual Tax Planning NI 2017-18

Corporate Strategy for Irish Companies 2 ed by Gallagher

Corporate Strategy Toolkit

Business and Ethics: FAE Business Leadership Toolkit

FRS 102 - The Financial Reporting Standard applicable to the UK and Republic of Ireland

9781910374306

9781910374962

9781910374795

9781908199706

9781910374900

9781910374917

9781907214653

9781907214818

9781908199423

9781910374450

FAE Electives

Audit - Advanced Auditing and Assurance

APM - Advanced Performance Management 

Tax ROI- Business Decisions and Transaction Taxes (ROI) 2017-18

Tax ROI - CATCA 2003 & SDSA 1999

Tax ROI - Taxes Consolidation Act 1997

Tax NI - Business Decisions and Transaction Taxes (NI) 2017-18

Tax NI - CCH Red Books 2016**

**Not available until December, book will be distributed in class.

9781908199362

9781908199997

9781910374924

9781910374764

9781910374740

9781910374931

TBC

 

Additional FAE Books (for students who have not come through the CAP2 Programme)

IFRS Standards 2017

External Auditing and Assurance 2 ed (Revised) by Nolan/Nangle

Ethical and Auditing Standards 2016 (FRC) (NI ONLY)

Ethical and Auditing Standards Ireland 2017 (IAASA) (ROI ONLY)

9781911040446

9781910374696

9781910374948

9781910374955

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