ICB and IAB Exemptions - The Book-keepers Forum (UK)

AJR1712 · Member

ICB and IAB Exemptions

semsley · Guru

No, ICB don't accept exemptions form any other awarding body.

AJR1712 · Member

I was meaning the other way around.

Do IAB accept qualifications from ICB and therefore give exemptions?

attilabenko · Guru

from level 2 upwards. you can find the info on their website. routes to membership. the way it works you pass your relevant exams with ICB and apply for membership by exemption to IAB. Through the actual course there is no need for exemption as you don,t have to complete a course to take the exams.

AJR1712 · Member

Thank you.

If I have any more questions I might ask if that is ok

ICBUK · Guru

ICB do accept relevent qualifications for exemption if they are less than 2 years old.

However, as the ICB does not directly follow the QCF unitised structure it is not always simple exemptions, sometimes you are required to take additional assessments or examinations to 'fill the gaps' if you have not completed a full award.

Also as the ICB does not follow QCF its pass mark is a lot higher, sometimes 100%, so if you have a Level 1 with one awarding body, if the pass mark is 40% compared with ICB's 85% it may not be a valid exemption route.

Best thing to do is call 0845 060 2345 and speak to an advisor or email details of your qualifications.

Hope this helps.

louis · Veteran Member

In response to the ICBUK post, I had a chat with one of your advisers a few months ago and they told me they didn't accept AAT as an exemption to the ICB. I was astonished.

Can you explain this???

ICBUK · Guru

The ICB offers partial exemptions from AAT:

If you have AAT Level 2 + AAT Level 3 you can become an Associate after you pass an entry paper (home assessment)

If you have AAT 2, 3 and 4 you can become a Full Member after you pass an entry paper (home assessment)

Reason for the additional assessment is because the AAT don't cover VAT at the same level as ICB.

jerohm · Veteran Member

What about a reciprocal?

Does AAT (or other bodies) accept exemptions from ICB?

Quentin Pain · Senior Member

Hey Jerohm, love the picture, that's the patron saint of bookkeepers, Luca Pacioli is it not :)

jerohm · Veteran Member

Yes, it is Luca Pacioli (by Jacopo de Barbari)

Quentin Pain · Senior Member

Nice to see you have added it to your signature :) With my apologies for boring everyone to death did you know that modern double-entry was outlined in Benedetto Cotrugli's treatise Delia Mercatura et del Mercante Perfettoin in 1458 and expanded in Pacioli's Summa de arithmetica 36 years later?

Peasie · Expert

Quentin Pain wrote:
did you know that modern double-entry was outlined in Benedetto Cotrugli's treatise Delia Mercatura et del Mercante Perfettoin in 1458 and expanded in Pacioli's Summa de arithmetica 36 years later?

Yes.

Nah - I'm only kiddin'.

jerohm · Veteran Member

Actually I was an accounting (and commercial computing) trainer in France for 6 years... So I know 2 or 3 things about the (quite interesting) history of accountancy...

We often say that Luca Pacioli is the father of the double entry systems, but he has "only" expanded it in his Summa de Arithmetica.

Actually, accountancy exists since the Human Being was able to count... Egyptian and Babylonian people were great accounters and they had a sort of double entry system (rather different from ours of course).

In "la Vallée de l'Homme", in South West of France, we could notice signs of a sort of a double entry system too on the wall of "la grotte de Lascaux"...

Accountancy is unversal, and nobody cannot say how old it is... Maybe Adam and Eve were still the accountants of the Eden Garden ;)