- Being a member
- CIMA Professional Development
- Members in Practice
- Members' Handbook
- Royal Charter, Byelaws and Regulations
- Governance structure
- Code of ethics
- UK and International legislation
- Regulators
- IFAC
- CCAB
- FEE
- Additional members' guidance
- Part A: Members in Practice general information
- Part B: Members in Practice support information
- Part C: Practising Certificate information
- CPD policy and framework
- Professional conduct process
- AADB scheme
- AIDB regulations
- Technical resources
- FAQs
- Money laundering regulations
FAQs
I do part-time accountancy work – do I need to register as a Member in Practice? |
| Answer Council Regulation 7 refers directly to Members in Practice. In particular, Council Regulation 7.1.1 and Council Regulation 7.1.2 contain CIMA’s definitions of ‘accounting services’ but, generally, if the part-time work is done for a fee, you must register as a Member in Practice and meet the mandatory requirements. You should also visit CIMA’s Code of Ethics - Part B of the new Code will apply exclusively to Members in Practice, but all Parts apply generally |
- Can I sign off the accounts of a club/charity? Do I need to register as a Member in Practice to do this? Do I need to register as a Member in Practice if I’m not going to be paid for the work?
- I have been asked to sign off accounts for a charity with and income above GBP250,000 although the Ltd. Company threshold is GBP5.6million. Which rule overrides and can I sign off accounts of this size?
- I have a practice with shared ownership and am wondering if I can use the term 'Chartered Management Accountants’ after the company name. What are the rules governing use of the CMA descriptor?
- I have been asked to sign a client reference/mortgage application but it has not been accepted by the bank/building society, as I am a CIMA member and not a Registered Auditor. What can I do?
- I wish to become a Registered Auditor and wish to be regulated by another body e.g. ACCA without becoming a member of that body. Can I do this?
- I am going to work as a Member in Practice in a practice overseas. Will registering as a Member in Practice allow me to do this?
- I have recently acquired a new client whose previous accountant is retaining client information due to fee disputes. Are they allowed to do this?
- I wish to make a complaint against a CIMA member who I feel has overcharged me. What can I do?
- Does CIMA have a fee arbitration scheme?
- Does CIMA have any guidelines for charging fees/rates?
- Does CIMA have a Consumer Credit Licence?
- Do I need client validation letters to register as a Member in Practice?
- Is there an Institute policy on becoming incorporated? How do I set up my own business?
- Can a CIMA student/passed finalist become a Member in Practice?
- I have checked the Practising Certificate Holders’ database and I am not listed even though I am a Member in Practice. How can this be resolved?
- Is there an online list of Members in Practice and where can I find it?
- Is there an online list of members and where can I find it?
- Does CIMA provide standard letters of engagement or continuity agreements?
- What are the current UK audit exemption thresholds?
- What is a Reporting Accountant and how do I become one?
- Where can I obtain the CPD guidelines?
- What is CIMA Professional Development (CPD) and what are the requirements?
- What is a Continuity Arrangement and why do I need it/how do I create one?
- What is Professional Indemnity Insurance (PII) and why do I need it/where do I obtain it?
- Where/how can I obtain the Practising Certificate Holder logo?
- Can I use the CIMA logo?
- How do I apply for a Practising Certificate?
- Does CIMA provide Client validation letter templates?
- I have been asked to provide accountancy services for free – do I need to register as a Member in Practice?
- I do part-time accountancy work – do I need to register as a Member in Practice?
- How do I register as a Member in Practice and what are the requirements?
- I have been approached by the police to disclose information about a client/employer. What does CIMA’s Code of Ethics advise?
- I have a dispute with my employer. Can CIMA assist me?
- Where can I get more information about current money laundering legislation?
- I believe someone in my organisation/client is money laundering, Can CIMA advise me on what I should do next?
- I have discovered what I believe to be illegal and fraudulent practices in my organisation and wish to report the situation. How do I do this and where can I obtain further advice?
- I have discovered someone who I believe is falsely claiming to be a member/student of CIMA. What should I do?
- What publications are available to CIMA members/students?
- Where can I obtain the Royal Charter, Byelaws and Regulations?
- I have become bankrupt/taken an IVA. How does this affect my CIMA status and what can I do?
- I would like a letter confirming my CIMA membership. Where can I obtain one?
- I have a criminal conviction but still wish to register as a CIMA student. Can I still register and what does the process involve?
- Does CIMA have a trade union to represent its members/students?
- Does CIMA offer legal advice or services?
- Does CIMA still provide copies of Financial Reporting Standards (FRSs) for free?
- Can I perform an audit?
- Can CIMA provide information about its members/students to third-parties/potential clients?