Is an ACCA Professional Course Holder Eligible to Supervise Others Post-ACCA Course?

Dear Piyush,

We appreciate your detailed question and would like to clarify a few points to provide you with a clear understanding. Your original query seems to be regarding the eligibility of an ACCA professional to act as a supervisor for another person post-ACCA course. This topic involves several important aspects, including the status of the supervisor (affiliate or member), the requirement to be IFAC registered, and the role of a supervisor in signing off PER (Professional Experience Report).

Firstly, ACCA (Association of Chartered Certified Accountants) is a globally recognized qualification in the field of accounting and finance. If you are referring to whether an ACCA-qualified professional can serve as a supervisor for someone else's ACCA-related activities, this can indeed be conducted under certain conditions. The eligibility of an ACCA professional to act as a supervisor depends on several factors, including their current status within the organization and the requirements set by the professional body.

Eligibility Based on Status

For Affiliates: An affiliate of ACCA is not qualified to practice as an accountant. They can, however, provide support and guidance in the form of a supervisor. However, they are not allowed to sign off on the Professional Experience Report (PER) unless they hold a higher designation, such as a member of ACCA. For Members: ACCA members are eligible to practice as professional accountants. If a member is acting as a supervisor, they are required to have IFAC (International Federation of Accountants) registration. This registration is necessary to ensure compliance with the standards and guidelines set by the professional bodies.

According to ACCA's guidelines, if a member is required to supervise and sign off on the technical objectives for the PER, they must meet the IFAC registration requirement. This is a mandatory requirement to ensure that the supervisor is competent and compliant with the professional standards.

Supervision and PER

Regarding your specific question about whether ACCA members can sign off on PER for students and affiliates, the answer is yes, they can. According to ACCA's practices and policies, any accountant affiliated with any IFAC body, including ACCA, can sign off on the technical experience or objectives for PER. However, it is important to note that the time can be signed off by a supervisor who may not be an ACCA member, as long as the 9 technical objectives are approved by an IFAC-registered supervisor.

It is crucial to ensure that the supervisor has the appropriate qualifications and compliance with the IFAC body to maintain the integrity and credibility of the Professional Experience Report.

Conclusion

In summary, an ACCA professional course holder can supervise and sign off on PER, provided they meet the necessary conditions. Affiliate members can provide support, but they must be supervised by an IFAC-registered ACCA member to sign off on PER. This ensures compliance with the professional standards and guidelines set by ACCA and IFAC.

We hope this information clarifies your query. If you have any further questions or need more detailed information, please do not hesitate to reach out.

Thank you for your inquiry!

Sincerely,

Zaheer Sayed