Training firms

When a new Registered Training Office (RTO) is getting started, there are a few points to consider. RTOs covers both training in practice and training in industry. There is no fee to apply or to keep your registration.

Requirements to become a RTO

We required that one member of the Institute (ACA or FCA) act as the training manager/ partner.  The role takes overall responsibility for overseeing the training contract.  Day-to-day management can be overseen by a mentor.

Experience has to be sufficient in depth and range to give trainees skills in Financial Reporting, Professional Values, Business Environment and one area from Finance, Tax, Audit or IT.

An outline of the training policy on study leave, and payment of student fees should be available to Chartered Accountants Ireland.

Student quota

A student quota is calculated using the number of qualified accountants within the company. For further information contact Caroline Conlon, Training Support Unit.

Nominate a mentor

The Training manager/ Partner can decide to nominate a mentor in the business to oversee and sign off the training experience on the CA Diary. Any member of IFAC and this includes all ACCA, CPA, CIMA as well as ACA andFCAs.

Audit experience

You do not have to give audit experience as audit is one area of four from which the trainee needs one area of experience in depth to qualify.

Amount of experience to give trainees in different areas

RTO do not need to give set amount of days experience to trainees as the trainees use a competency based model. They have a list of competencies that they need to evidence, showing depth and progression over their training contract.

RTO responsibility

RTO should ensure that the trainees CA Diary is reviewed twice a year, with the mentor submitting a six monthly review.

Study leave

The Training Package document found outlines best practice for Practice. RTOs training through Industry are required to outline their study leave package at the time of the authorisation visit.

Hire Students

Once you become a RTO, you can log vacancies within your firm that are open to students.

Have a query?

If you have a query, please refer to our Support & Services page and contact the relevant department with your query.

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