Recognition of professional qualifications and regulation of professions
Executive summary
We outline here:
- the customer protection impacts provided by our regulations
- the types of qualifications and training AAT students must undergo and how long it takes them
- how often we review our processes and standards
- whether our standards are a fair reflection of the level of skill, training, education, and experience required to practise in accounting and finance
- the requirements we place on the members we regulate and why they are necessary
- the continuous professional development (CPD) required for memberships to be renewed
- the steps we take to attract a diverse workforce to the profession.
Related consultation responses
Raising standards in tax advice: protecting customers claiming tax repayments
We support some of the proposals, but requiring professional body membership for anyone providing paid-for tax and accountancy services would be more effective.
Raising standards in the tax advice market
We support raising tax advice standards, but don't believe the proposed requirement to hold Professional Indemnity Insurance will improve trust in the market.
