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Special Exemptions for ICAEW Qualified Members

Fast track your way to success –ICAEW and the ACT have worked closely together to map our syllabi  and where there is overlap, exemptions apply. If you are a reciprocal member from any of the following accountancy bodies, the same exemptions apply:

  • CAANZ – Chartered Accountants of Australia and New Zealand
  • CPA Canada - Chartered Professional Accountant Canada
  • HKICPA – Hong Kong Institute of Certified Public Accountants
  • SAICA – South African Institute of Chartered Accountants


Treasury and accountancy as professions go hand-in-hand. The Association of Corporate Treasurers (ACT) works closely with the ICAEW and other accounting bodies to raise the profile of finance professionals, connect like-minded individuals and open doors for opportunities.

The ACT offers exemptions to ICAEW qualified accountants, so that they can fast-track to their globally recognised qualifications.

  • What is treasury?
    Businesses must raise money to pay for what they need to run that business. Treasury knows how and where to raise money and how to get this money, together with the money from profits, to where it needs to be. Treasury knows how to invest spare cash safely. It understands the risks a business faces and how to measure and respond to them. Treasury is a key enabler of business strategy and driver of shareholder value.
  • What is the difference between accountancy and treasury?

    Treasury is not accountancy, however the two complement each other perfectly. 

    Accountancy is a key function in any organisation keeping all financial transactions in order. Treasurers are strategic financial managers managing the liquidity of a business and their decisions directly impact the profit, loss and financial health of a company. The most effective CFO’s combine the two skill sets to ensure they’re approaching all their decisions in the most informed manner. 

  • Where can I find out more about treasury?

    The Association of Corporate Treasurers (ACT) is the chartered body for treasury professionals. ICAEW and the ACT are partner professional bodies, working together to further the development and raise the profiles of finance professionals.

  • How can I expand my skill set?
    If you’re looking to open doors to further career opportunities, then look no further. The ACT sets the industry benchmark qualifications in treasury.
Certificate in Treasury Fundamentals (CertTF) You are eligible for a full exemption. Find out more
Certificate in Treasury (CertT)
  • Exemption from the following units of the CertT: Unit 1 I Unit 2 I Unit 3 I Unit 5.
  • Mandatory unit you need to take to qualify: Unit 4.
Find out more
Diploma in Treasury Management (AMCT)
  • Exemption from the following units of the Diploma: Unit 1 I Unit 3 I Unit 4B.
  • Mandatory units you need to take to qualify: Unit 2 I Unit 4A.
Find out more
Award in International Cash Management (AwardICM) You are eligible for a full exemption. Find out more
Certificate in International Cash Management (CertICM) With your AwardICM exemption, you can fast-track to the Certificate in International Cash Management. Find out more

As a qualified ACA with over 10 years’ experience, I already had a base of financial knowledge, but the ACT qualification materials were additive to what I already knew- and therefore extremely beneficial. What made it particularly rewarding was that I was soon applying new knowledge in a practical setting.

Mark Withecombe Senior Treasury Manager, Anglo American PLC

Get in touch

If you’d like to find out more about treasury, speak to someone about how treasury can complement your career or find out more about any of the qualifications give the ACT learning team a call on +44 (0) 20 7847 2529 or drop us a line at learning@treasurers.org

Download the brochure

All exemption information and fees correct at time of publication August 2022. For the latest updates please check back regularly.