Association of Accounting Technicians
The Association of Accounting Technicians (AAT) is an accountancy organization that has more than 120,000 members all over the world. The Association of Accounting Technicians is a qualification of technician level which gives the right to those who have cleared the exams and have appropriate supervised experience of work of accountants. The main branch of AAT is in London but it has many branches all over the United Kingdom and also in other parts of the world. AAT receives sponsorship from four chartered accountancy bodies of UK and they are ICAEW, ICAS, CIPFA and CIMA.
AAT and CAT
The Association of Chartered Certified Accountants (ACCA) is an accountancy body in UK that does not provide sponsorship to Association of Accounting Technicians (AAT). This body was previously a sponsor of the AAT, but later it broke away from AAT to form another body which is similar to AAT and which provides the qualification of Certified Accounting Technician (CAT). As the ACCA wished for a technician level qualification that would stick to the same model of business as itself, it implemented this policy.
Examinations and qualifications of AAT
There are a number of modules in every levels of the AAT qualification and each of the modules ends with an online assessment and this has been started since 2010.
The AAT Intermediate qualification is the first vocational qualification that has been approved for university entrance points system provided the value at A-level is more than an A grade. The final AAT qualification is equivalent to S/NVQ 4 level.
When an Accounting Technician is certified as competently qualified and experienced then like all Chartered Accountants, he can do the same tasks. The most important difference is that the UK Accounting Technicians are unable to sign off audit reports of companies and only a short time ago; they needed the Reporting Accountant status for examining and signing off the audit exempt charities’ financial accounts. Now the Reporting Accountant status is obsolete.
An AAT member who is also a Chartered Accountant is not necessarily a licensed AAT Member In Practice. They are needed to choose a preferred regulator and then apply for proper certificate or practicing license.