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ACA training in Sri Lanka

The ACA from ICAEW is internationally recognised as a premier financial business qualification in more than 160 countries around the world.

Who can study for the ACA?

You will need to meet one of the criteria to be able to study for the ACA from ICAEW.

  • Members of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) living in Sri Lanka who have obtained CA Sri Lanka membership by complying with its training and examinations requirements can study for the ACA and apply to join ICAEW.
  • Members of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) living in other countries who have obtained CA Sri Lanka membership by complying with its training and examinations requirements can study for the ACA and apply to join ICAEW.
  • Members of another internationally recognised professional accountancy body (such as ACCA, CIMA etc) living in Sri Lanka may be able to apply for ICAEW membership through the Pathways to Membership route.
  • Currently CA Sri Lanka members are exempt from paying credit for prior learning (CPL) fees. This offer is available for a limited period of time.

What does the ACA look like for you?

The ACA from ICAEW is a combination of exams and ethics training. CA Sri Lanka members are eligible for credit for prior learning (exam exemption) on 12 of the 15 ICAEW exam modules. This would mean that to become an ACA chartered accountant, you would need to sit three ICAEW exams and take the online ethics training programme.

Members of other professional bodies living in Sri Lanka, please go to Pathways to Membership section.

Steps to completing your ACA training

Step 1: Register with ICAEW

CA Sri Lanka members must register with ICAEW to study for the ACA qualification and become eligible to join ICAEW.

If you are an CA Sri Lanka member, you will automatically be awarded credit for prior learning (exam exemption) as part of your registration process.

What do I need to register?

When you register with ICAEW, you will need to complete an application form and include some supporting documents. These must include:

  • a copy of your CA Sri Lanka membership certificate;
  • a letter of good standing from ICASL; and
  • payment of fees.

Registration costs

There is a one-off ICAEW registration fee to pay. This is £165 sterling (+VAT where applicable).

Where do I send my completed application form?

Please return your fully completed application form and all required supporting documentation to: ICAEW Finance, PO Box 6173, Milton Keynes, MK10 1TW, United Kingdom.

Step 2: Exams

ICASL members and non-CA Sri Lanka members eligible for credits will need to pass ICAEW's final three examinations. The three ICAEW exams which you must sit and pass are:

  • Corporate Reporting
  • Strategic Business Management
  • Case Study

The Corporate Reporting and Strategic Business Management papers cover all aspects of the syllabus, and require you to demonstrate your knowledge, ability to plan, analyse, interpret and give advice. Each paper is three hours and 30 minutes long.

The Case Study covers all areas of the syllabus and tests your professional skills in the context of a specific business issue. It is four hours long.

To qualify for ICAEW membership, you must also complete ICAEW's Ethics Learning Programme (ELP), an online training and assessment programme. We strongly recommend that you have completed this ethics training before attempting the Case Study.

Exam applications

As an ACA student, you must apply online for each of the exams you will sit. There are no restrictions on the number of attempts you are allowed at each of these Advanced Stage exams. However, we would always recommend that you are fully prepared for each exam. You can also find past papers, examiners comments and support for these exams at icaew.com/examresources.

The ACA exams you need to sit and pass are held in July and November each year.

Please make sure you understand the relevant exam dates and deadlines and the ACA exam regulations before your exams.

ICAI members in Sri Lanka: Exams are held at the British Council in Colombo. Details of the exam venue will be sent to you approximately two weeks before the examination date.

ICAI members located outside of Sri Lanka: A full list of UK and international exam centres can be found on the examination entry form (PDF 202KB/7 pages) or once you have registered will be available on the exam applications online section.

Exams costs

The Corporate Reporting and Strategic Business Management exams costs £155 sterling per sitting.

The Case Study exam costs £255 sterling per sitting.

ACA learning materials

You will need to buy the learning materials for the ACA exams. For the The Corporate Reporting and Strategic Business papers, the learning materials are a study pack which includes a study manual and a question bank. The 2015 study pack covers both modules and costs £150 sterling (plus postage and packing).

The Case Study 2015 learning materials cost £75 sterling (plus postage and packing) and consist of a study manual and practise case studies, a marks key and answer book.

Buy now from www.gillards.com/icaew.

Tuition

A number of tuition providers offer ACA tuition in a variety of delivery methods around the world. To find out what tuition is available in your region, please go to ACA tuition providers page.

Exams support

ICAEW provides ACA students with a range of exam resources to help you study for each exam module. You can access:

Exam results

Exam results for paper-based exam sessions are usually released five weeks after the exam week.

For all questions relating to exams, see Exam FAQs.

Step 3: Ethics and Professional Scepticism

As professionals, ICAEW members have a duty to act ethically and in the public interest at all times and not just in isolation whilst they are working. Therefore, all students studying for the ACA qualification have to complete ICAEW’s Ethics Learning Programme (ELP). Ethics is also embedded in all relevant ACA exam modules.

The learning element of your ethical training also includes an online learning programme based on the ICAEW Code of Ethics. The devolved assessment is a test that assesses your ethical progress. It is recommended that you aim to complete the ethics learning programme and the devolved assessment before attempting the Case Study. The ELP and devolved assessment will be accessible through your online training file.

For all questions relating to ethics and professional scepticism, see ELP FAQs.

Step 4: Apply for ICAEW membership

You will be invited to apply for ICAEW membership once you have passed all of your three ACA examinations and completed the Ethics Learning Programme (ELP). You will be advised of ICAEW membership costs when you are invited to join ICAEW. You will need to apply within 12 months of finishing your exams.

Once your ICAEW application has been successful, you will be able to use the prestigious designation 'ACA'.

While you are an ICAEW member, you must make sure you comply with ICAEW CPD regulations and Code of Ethics.

Practising certificates and regulated areas

Membership of ICAEW does not by itself grant practising rights. ICASL members who join ICAEW will be eligible for a practising certificate on the same terms as other ICAEW members.

UK audit rights are controlled by the Professional Oversight Board (POB) and are not awarded to CA Sri Lanka members joining ICAEW.