The Benefits of Full Membership.
If you don’t have any other accountancy qualifications, full membership is the only way you can undertake IE at the higher level. (i.e. above £250,000 in England & Wales and Northern Ireland and the examination of accruals accounts in Scotland). Full membership is also be a demonstration of your commitment to upholding best practice. In the words of someone who recently achieved full membership:
“Compliance for the majority of charities under the audit threshold is really important and that means Independent Examination. Independent Examination is not just “audit light” but the best fit for these charities. As the partner in a firm specialising in the charity sector it is crucial that the appropriate compliance aspect is done well. I chose full membership of ACIE because it would demonstrate this commitment for myself and our charity team.”
Full members are registered on the ACIE website in the ‘Find an Examiner’ facility. Potential clients can contact you directly to discuss their requirements and fees.
To become a Full Member, you must first join as an Affiliate Member.
Full Membership is open to anyone who can demonstrate that they have an appropriate level of experience to conduct independent examinations to a high standard.
Full Members receive all the benefits of Affiliate Members, and additionally receive:
Full Membership is awarded in one of two categories along with a Licence to carry out independent examinations:
Associate (ACIE) –is awarded to independent examiners who work with smaller charities. The Licence for an Associate is at one of five levels depending on experience and competence
Fellow (FCIE) – the Licence for Fellows is up to the legal limit for IE (currently £500,000 in Scotland and Northern Ireland, and £1m in England and Wales) including any charity accounts with a higher income for which a dispensation from audit has been granted by the relevant Charity Regulator.
If you are interested in making an application for Full Membership, contact email@example.com for further details. However, you are strongly encouraged to take ACIE courses before submitting an application, as the assessment process is stringent.
There is a £50 processing fee for applying for Full Membership.