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MEMBERSHIP
There are two grades of membership, Fellows and
Associates, who are entitled to
designate themselves as "Incorporated Executive Accountant" and to use
the
distinctive letters F.C.E.A. and A.C.E.A. respectively.
REGISTERED
STUDENTS
The Examinations of the Institute are limited
to Registered Students (and Associates for the Fellowship Examination). No one
will be admitted as a
Registered Student unless:
- He/She is at least 18 years of age (or the
age of Matriculation in those
countries where this is lower).
- He/She declares that it is his intention to
sit for the Institute's
Examinations.
- He/She is recommended as a fit and proper
person by a Member of the Institute or
a person of official standing recognised by the Council.
- He/She has two Advanced and three Ordinary
level passes at A, B or C grades in the General Certificate of Education or
equivalent or three years' practical experience in accounting and/or allied
work.
A Registered Student can neither claim to be a Member of the Institute nor
can
he use designatory letters
A Registered Student can neither claim to be a
Member of the Institute nor can he/she use designatory letters after his/her
name.
FELLOWS (F.C.E.A.)
Fellowship is the senior grade of Membership.
Most applicants should be Associates at the time of application. No person shall be eligible for admission
as Fellow of the Institute unless:
- He/She is at least 21 years of age.
- He/She has passed the Fellowship Examination
of the Institute.
- He/She proves to the satisfaction of the
Council that he/She has competence
- To
show the ability to exercise management principles and accounting
techniques in a professional manner (application of accounting and
reporting techniques),
- To provide information for planning,
controlling, measuring and reporting
functions,
- To provide suitable background for
progression into a position
of decision-making level,
- To provide financial and non-financial
data in a form useful for strategic decision-making and
- For direct participation and
personal involvement in organisational decision-making.
- He/She proves to the satisfaction of the
Council that he/She has at least five years' experience and is in all other
respect a fit and proper person to be so admitted.
ASSOCIATE (A.C.E.A. )
An Associate is one who is elected to
Membership by the Council on compliance
with the following conditions:
- He/She must be at least 20 years of age.
- He/She must have passed the Examination of
the Institute or such other examination or examinations as the Council may
from time to time prescribe or
approve.
- He/She proves, to the satisfaction of the
Council that he has at least three years' experience and he can maintain a
full set of accounts, prepare management
information, submit returns and effectively administer the department.
- He/She is in all other respects a fit and
proper person to be so admitted.
An Associate must have: "Competence in the
pursuit of a high occupation or
profession - as an employee or as a self-employed person - including the ability
to apply a significant range of fundamental principles and techniques, which
enable an individual to assume personal responsibility in design, analysis and
diagnosis, planning and problem-solving. Extensive knowledge and understanding
will be required to underpin competence at this level, together with capability
in management and supervision in executive and some professional fields."
(NCVQ
Level V requirements).
TECHNICIANS IN
COSTING & ACCOUNTING (TCA)
A Registered Student who has passed or has been
granted exemption from the Associateship Levels I and 2 examinations can apply
for a certificate of Technician in Costing & Accounting while he pays his
Annual Subscription provided he has at least two years' practical experience and can maintain
ledgers, daybooks, prepare statements, etc., using both manual and computerised
systems and is able to answer queries. The holder of the Certificate can use the
designatory letters "TCA" after his name and describe himself/herself
as an "Incorporated Cost Accounting Technician".
A Technician must have "competence in the performance of complex,
technical,
specialised and professional work activities, including those involving design, planning and problem-solving, with a significant degree of personal
accountability. In many areas competence in supervision or management will be required at this level". (NCVQ Level IV requirements).
CERTIFICATE OF
MEMBERSHIP
Every member shall be entitled to a certificate
of membership indicating the degree of membership. Every such certificate shall at all times remain the
property of the Institute and shall, on demand, be returned to the Institute.
RETIREMENT OF
MEMBERS
Any Fellow, Associate or Technician, provided
he is not under any obligation to the Institute, shall be entitled to resign
membership on giving notice in writing of intention to do so, not less than six months before the end of the
period covered by the annual subscription, and such notice shall be accompanied by the certificate of membership.
Any Fellow, Associate or Technician, failing to give such six months' notice, shall be liable for the annual subscription for the ensuing year.
A Member whose subscription is in arrears can neither vote nor enjoy the practical advantages of membership, such as receiving journals.
A Member who is over 65 may apply for the status of Retired Membership and
thereby pay a reduced annual subscription. A Retired Member is not entitled to vote at meetings.
PRACTISING
CERTIFICATE
Any Fellow or Associate, engaged in public practice, who
undertakes the duties of an Auditor/Accountant, may, subject to the conditions
of the Institute's Bye-Laws and at the discretion of the Council, be issued annually a "Practising
Certificate" on application in the prescribed form and on payment of the
prescribed fee in addition to the Annual Subscription. Members are not permitted
to use the Institute's designatory letters in public practice without holding a
current practising certificate. The Institute maintains a Professional Indemnity
Insurance Scheme with Sun Alliance Insurance Group at a reduced rate for its members, Fellows and Associates.
DISCIPLINARY
CONTROL
A Member may only use the ICEA's designatory
letters and/or describe
himself/herself as an "Incorporated Executive Accountant" in the event
that he/she is a Member in good standing, i.e. his/her annual subscription is paid
up-to-date, a current Practising Certificate is held (if applicable), his/her indemnity insurance is paid up-to-date (if applicable) and he/she has not been
found guilty of a breach requiring action under the disciplinary procedures.
This clause has been registered with the Office of Fair Trading under reference
RS2508. As a result, this clause is binding among Members of the Institute, third parties and the OFT, and is enforceable by law.
Disciplinary action will be taken if any Member or registered person infringes the Institute's professional and ethical guide.
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