Self-employed members offering bookkeeping or accountancy services
All AAT members offering bookkeeping or accountancy services to clients must hold a valid AAT licence.
It is in the public interest for AAT to be satisfied that all applicants for an AAT licence demonstrate technical competence, adhere to practice assurance standards, and demonstrate their status as 'fit and proper' persons to hold a licence.
An AAT licence entitles members to call themselves an AAT Licensed Accountant or AAT Licensed Bookkeeper, depending on the type of services they have been approved to offer clients.
AAT licence requirements
Client Care policy
Sets out the requirements for client care placed on those holding a licence to provide self-employed accountancy services. Download AAT's Client Care policy (PDF)
Clients' Money policy
A Firm must receive or hold clients' money only in accordance with the Clients' Money policy. Download AAT's Clients' Money policy (PDF)
Continuity of Practice policy
Details AAT’s requirement for all licence holders to have cover in place to ensure their practice can continue in the event of long term absence or cessation of the firm. Download AAT's Continuity of Practice policy (PDF)
Professional Indemnity Insurance policy
AAT requires that all licence holders have professional indemnity insurance covering the services they provide. Download Professional Indemnity Insurance policy (PDF)
Practice Assurance Standards
AAT firms must demonstrate that their procedures achieve the standards set by AAT’s Practice Assurance Standards. Download AAT's Practice Assurance Standards (PDF)
Practice assurance reviews
All AAT licensed members are subject to practice assurance monitoring, in order for AAT to ensure their practice is compliant with AAT’s regulatory and technical framework. During the review, an AAT representative will assess a firm’s compliance with AAT’s standards, policies and regulations in addition to statutory requirements and Anti Money Laundering legislation.
Anti Money Laundering supervision
AAT is recognised as a statutory supervisor for supervising the compliance of AAT licensed members, as detailed in schedule 3 of the Money Laundering Regulations 2007.
AAT has a responsibility to:
- Help AAT licensed members understand relevant legislative requirements
- Ensure that AAT licensed members comply with the law
In return, AAT licensed members must register for Anti Money Laundering supervision and put in place control systems to assess the risk of their firm being used by criminals to launder money.
A member may not undertake self-employed accounting or bookkeeping services unless licensed to do so in accordance with the Licensing Regulations. Download AAT's Licensing Regulations (PDF)
Sets out the terms upon which AAT will grant a licence. Download AAT's Licensing policy (PDF)
Licence Exemption policy
Sets out the criteria upon which AAT may exempt associate, full and fellow members from holding a licence. Download AAT's Licence Exemption policy (PDF)