These three bodies merged to form the Institute of Chartered Accountants of Scotland in 1951. It was the first to adopt the designation "Chartered Accountant" and the designatory letters "CA" are still an exclusive privilege in the UK for members of the Scottish Institute.
ICAS members may admit to full memberships of the above institutions after passing an aptitude test or subject to other specific requirements.
Members of equivalent bodies in other European Economic Area member states and Switzerland may also be admitted to membership after passing an aptitude test, provided they are a citizen of an EEA state or Switzerland.
A mutual recognition arrangement between the Institute and the Chartered Institute of Public Finance and Accountancy (CIPFA) was put in place in 1996. However this was terminated by ICAS in 2005. Details
ICAS is a Designated Professional Body under the Financial Services and Markets Act, licensing firms of CAs to conduct a range of incidental investment business activities. It is a Recognised Professional Body under the Insolvency Act to issue permits to individual CAs to conduct insolvency appointments. ICAS is also a Recognised Qualifying Body and Recognised Supervisory Body in relation to company auditing under the Companies Act 1989.
Voluntary annual report disclosure: what users want. (Books).(Institute of Chartered Accountants of Scotland, Research Committee, 2002.)
Feb 01, 2003; Institute of Chartered Accountants of Scotland, Research Committee, 2002. Stg [pounds sterling]15.00. During the last decade, the...
Fast-track membership of ICAS for CIPFA members ends.(In Brief)(Institute of Chartered Accountants of Scotland)(Chartered Institute of Public Finance and Accountancy)(Brief Article)
Dec 01, 2005; The Institute of Chartered Accountants of Scotland (ICAS) has closed a scheme which offered Chartered Institute of Public Finance...