AIA Audit Training

AIA is recognised by the UK Government as being eligible to train you to become a qualified statutory auditor, as a Recognised Qualifying Body (RQB) for statutory auditors under the Companies Act 2006.

Training

Through a combination of study and work experience, the AIA Statutory Auditor Training Programme will provide you with a Recognised Professional Qualification (RPQ) and will ensure you are equipped with the relevant skills and competencies required to work confidently and efficiently in this challenging profession.

Students should inform AIA that they wish to undertake the statutory auditor qualification (Recognised Professional Qualification [RPQ]) at the earliest possible time, either by completing the appropriate section on the student registration form or by contacting AIA Membership Services.

Exemptions are available to those wishing to undertake AIA Audit Training, and AIA will consider qualifications that you have completed in the last five years. To apply for exemptions, you should complete the Exemption Application form which is downloadable from the Exemptions Database, and AIA will make an assessment and exemption offer in line with professional and regulatory requirements.

Audit candidates must complete all sixteen exams, either by exam or exemption. Paper 4 Law, Paper 5 Auditing & Taxation, Paper 8 Company Law and Paper 16 Taxation and Tax Planning must be completed by exam. Having completed the Foundation level, you have a further five years to complete the remaining exams. In addition you will need to complete a multi-disciplinary case study and oral test. On successful completion of all the required elements, you must register with a Recognised Supervisory Body (RSB).

For Audit students, the relevant UK accounting standards are Financial Reporting Standards (FRS) and Statements of Standard Accounting Practice (SSAPs) issued by the Accounting Standards Board (ASB). In respect of auditing, the relevant UK standards are all current Auditing Standards (ISAs [ UK and Ireland]) issued by the Auditing Practices Board (APB). You will also be expected to refer, where appropriate, to the Ethical Standards (ESs) published by the APB.

Further information can be found in the Guide to becoming a Statutory Auditor which can be downloaded from this page.