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FAQs about The ICAEW Certificate in Insolvency

Do you have a question about The ICAEW Certificate in Insolvency? Our frequently asked questions could have the answer.

General queries about The ICAEW Certificate in Insolvency

What areas does The ICAEW Certificate in Insolvency cover?
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The certificate covers four key areas: legal and regulatory framework (English law), principles of insolvency, corporate and personal insolvency.
Do I need any prior knowledge or formal academic qualifications to register for The ICAEW Certificate in Insolvency?
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No. There are no entry requirements. The programme is open to anyone who wants to gain essential, practical knowledge of the principles of insolvency.
How long does it take to complete The ICAEW Certificate in Insolvency?
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ICAEW doesn’t impose any timeframe within which candidates must take the assessment. Study and assessments can be planned to fit in with your workload and business priorities. However, ICAEW encourages candidates to do so within no more than a few months of completing the modules, as the question banks are updated to reflect changes in legislation and insolvency guidance. Candidates can confirm with their tuition provider the exact dates from when questions may be updated. Candidates are limited to four attempts.
Does the The ICAEW Certificate in Insolvency count towards my ACA or CFAB studies?
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No. The ICAEW Certificate in Insolvency is a stand-alone programme. However it can be studied as an additional module to complement existing ACA or CFAB studies.

Will I be eligible to sit the Joint Insolvency Examination Board (JIEB) examinations if I pass The ICAEW Certificate in Insolvency?
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There are no academic eligibility requirements to sit the JIEB examinations, although you must be registered with a Recognised Professional Body. ICAEW is a Recognised Professional Body and The ICAEW Certificate in Insolvency could serve as a solid basis for study towards the JIEB examinations.
Does The ICAEW Certificate in Insolvency grant me an exemption to any part of the JIEB exams?
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No. The certificate can serve as a basis for further study towards the JIEB examinations, but it does not provide any exemptions to those examinations.

Costs

How much does The ICAEW Certificate in Insolvency cost?
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Registration fee *
(non-ICAEW students or members only) 
£140 + VAT 
Computer-based assessment
(per sitting) 
£300 + VAT 
Tuition and learning materials  The cost of learning materials will be advised by the tuition provider

* If you are already an ICAEW registered student or member you are not required to pay this fee.

 

 

 

Are there any additional or ongoing costs once I have successfully completed the assessment?
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There are no additional fees or CPD requirements once you have gained the certificate, although we recommend that you maintain and enhance your knowledge by continuing your professional development.

Registering for The ICAEW Certificate in Insolvency

How do I register for The ICAEW Certificate in Insolvency learning and assessment programme?
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You must complete the following three stage process to study for The ICAEW Certificate in Insolvency and to book an assessment.

Stage 1 - Register with the ICAEW

Register as an ICAEW Certificate in Insolvency student, via our online student registration.

Stage 2 - Begin your studies

Register with our tuition provider to be able to purchase the learning materials. You can download a booking form from the BPP website. 

Stage 3 - Book an assessment

Computer-based assessments are held at approved assessment centres operated by the tuition provider and sittings must be booked via the tuition provider.

How can I purchase the learning materials I need?
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You can purchase the learning materials directly from the tuition provider.

How does the assessment work?
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Assessments are held at approved assessment centres in England and Wales on the last Thursday of each month and candidates will have 2.5 hours to complete it. The pass mark is 55% and candidates may attempt the assessment a maximum of four times.

Credit for prior learning/exemptions

I have already studied finance at college/university. Can I apply for credits or exemptions towards The ICAEW Certificate in Insolvency?
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No. There are no credits for prior learning or exemptions.

International students

Can I study for The ICAEW Certificate in Insolvency outside of the UK?
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The ICAEW Certificate in Insolvency is based on English law and exams can currently be taken at assessment centres in the UK only. However, the certificate may be of interest for professionals based in places such as Gibraltar or Cyprus, where legislation is largely based on UK law. 

Assessment

Will I be entitled to use any designatory letters after my name when I have successfully completed The ICAEW Certificate in Insolvency?
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No designatory letters are awarded with The ICAEW Certificate in Insolvency. You will receive a certificate as a formal record of achievement when you successfully complete the assessment.
Who will receive my assessment result?
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You are the only person who will be able to access your assessment result online. You can forward your result to a third party from your online results page if you wish.
When can I sit the assessment for the ICAEW Certificate in Insolvency?
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ICAEW doesn’t impose any timeframe within which candidates must take the assessment. Study and assessments can be planned to fit in with your workload and business priorities. However, ICAEW encourages candidates to do so within no more than a few months of completing the modules, as the question banks are updated to reflect changes in legislation and insolvency guidance. Candidates can confirm with their tuition provider the exact dates from when questions may be updated. Candidates are limited to four attempts.
Where are the assessment centres?
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The computer-based assessment may be taken at a choice of approved assessment centres in England and must be booked via the tuition provider. To book your assessment in other parts of the world, please contact your nearest assessment centre directly.
How long is the assessment?
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You are allowed a maximum of 2.5 hours to complete the assessment.
What is the pass mark for the assessment?
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The pass mark for the assessment is 55%.
How many times can I attempt the assessment?
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You may attempt the assessment a maximum of four times.
Can I practise the assessment?
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An example of the assessment in paper-format is available to give students an idea of the style of questions they will be expected to answer in the actual assessment. Your learning materials will also include sample questions reflecting the style and difficulty of the assessment questions. These can be used for practice and revision purposes.