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Practical Accountancy Training and Work Experience

Auditing qualifications

Auditing Qualification important to your career:

Audit is a regulated area in the UK. This means that audit work is undertaken by an individual holding UK statutory audit rights who:

  • RECOGNIZED MEMBER: The one who is a member of a recognized qualifying body (RQB)
  • HOLDING OF AUDIT QUALIFICATION: One who holds the Auditing qualifications.
  • PRACTICING CERTIFICATE: Holds a license to practice (known as a practicing certificate); and
  • TITLE OF RESPONSIBLE INDIVIDUAL: The one to which the title of 'Responsible Individual' has been granted by an RSB. You must be nominated for this title by your firm, or qualify under the EU Statutory Audit Directive as a migrant auditor.
  • SUPERVISION: Always supervised by a Recognized Supervisory Body (RSB)
  • RQB: Recognized Qualifying Body (RQB)

An RQB is a professional body that has been granted powers by the government in order to award the very appropriate part (i.e., Auditing qualification). They ensure that individuals have met both on the part, i.e., examination and also the practical training requirements that are basically specified for the qualification required by the Companies Act.

  • Aims and Achievement of Audit Qualification:

    Auditing is beneficial to us in many different ways. The aims and achievements of auditing courses are following:

    • Auditing skills:

      The auditing certificate provides the auditing skills required to establish the conformance of a system with quality standards and criteria.

    • Specifications:

      The auditing certificate also provides the skill of specifications.

    • Qualifies you in Audit Registered Firm:

      The auditing certificate qualifies you as counting towards the control percentage of an audit registered firm.

    • Important element of Application :

      Auditing qualifications also make up one of the required elements of your application for signing audit reports.

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