The Association of Authorised Public Accountants (AAPA) was a British professional body for public accountants.
The AAPA was formed in 1978 as a professional body for auditors recognised individually under the Companies Act 1948. AAPA achieved formal recognition by the Department of Trade and Industry in 1989 when the Companies Act received Royal Assent. In September 1991, AAPA achieved the status of a Recognised Supervisory Body and eligible AAPA members have since been entitled to use the designation Registered Auditor.
AAPA was not an examining body: all of its members had been admitted either because they have individual audit authorisation or because they have obtained a qualification from another body which was recognised for audit purposes in the UK.
At an Extraordinary General Meeting on 24 June 1996, members of AAPA voted for the body to become a subsidiary company of the Association of Chartered Certified Accountants (ACCA). AAPA was, therefore, a company limited by guarantee and registered in England. While maintaining its own separate and distinctive identity constitutionally, AAPA benefited from a wide range of authorisation and support facilities through the ACCA.
At the Annual General Meeting in October 2016, a resolution was passed to allow all AAPA members to become members of the Association of Chartered Certified Accountants (ACCA) with effect from the 1st January 2017. The Association ceased to generate income from 1st January 2017 as all subscription income and practice certificate income was invoiced to the ACCA. As part of the decision all assets and liabilities of AAPA was transferred to ACCA and the Association effectively became dormant. The transfer was finalised after the completion of the Association's accounts on the 31 March 2017. [1]
Membership is available to those who are in public practice (as principals or employees) in the following categories:
(Members in good standing of ACCA and of the Institutes of Chartered Accountants in England and Wales, Scotland and Ireland, who are eligible to hold practising certificates, also have the right to apply for membership of AAPA under the terms of its bye-laws.)
As of 2008 [update] the admission fee is £175. The annual subscription becomes payable from 1 January following the date of admission.
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