It is a commonly held misconception that to qualify as a CA, students must train in a traditional public practice. 65% of CAs work in business or public sector organisations and the Institute is very supportive of CAs training in such environments.
Training CAs in your organisation differs from other accountancy qualifications. As well as providing you with direct access to trainees of Irelands premier accountancy qualification, the CA programme offers your organisation flexible training options, along with guaranteed of staff retention.
Features of the CA Programme:
The Training Contract
A unique benefit to organisations is the training contract which all trainees are bound to. In the current competitive marketplace, the contract helps to retain high-calibre staff for a period of 3 - 3.5 years.
Study Leave - a flexible approach
Training organisations are encouraged to adopt a study leave policy that will suit their operational needs. The quantum, and timing of, study leave is a matter for individual organisations to agree with the Institute when they register as a Training Organisation.
Employee Status & Salaries
Students following this route are employees of the organisation. Although they are participating in a formal training scheme with the Institute, all questions relating to his / her employment are matters primarily between the student and the employing organisation.
Chartered Accountants Ireland does not have direct involvement in the remuneration of students following this route. Issues such as salaries, bonuses, overtime and time-in-lieu are all decided by the organisation and discussed with the Institute at the time of registering as a Training Organisation.
Work Experience & Mentoring
At the heart of the CA programme is the mentoring relationship between a qualified CA and a trainee. The qualified CA has responsibility for overseeing the work which trainees are exposed to, and their development within the organisation. In this regard they are in the position of mentor reviewing the trainees Diary of Professional Development. The following broad areas are seen as being central to the work of a Chartered Accountant:
- Financial Accounting & Reporting
- Business Finance / Treasury Taxation:
- Tax planning
- Management Accounting
- Auditing: internal control, corporate governance
- Information systems
Recognition of prior experience
The training in business route is of particular interest to individuals who have significant experience in the above areas, but do not hold a formal accounting qualification. Chartered Accountants Ireland recognises prior experience and, where applicable, reduces the length of the training contract accordingly.
For further information on Training Chartered Accountants in your organisation, please contact the Training Support Unit:
Robert Crosbie on T: 01 637 7345 (direct), or E: firstname.lastname@example.org