Once a staff member has successfully completed the Level 4 AAT Diploma in Accounting (Professional) they can go on to study chartered accountancy. This is an extremely popular route - a third of all AAT students go on to chartered studies.
Chartered status supports a wide range of managerial finance roles across every sector.
How chartered staff will boost your business
Chartered accountants offer financial advice, audit records, manage finance systems and budgets. They generally play a strategic role by providing professional advice aimed at maximising profitability for their employer.
By supporting your staff to become chartered, you will increase engagement and talent retention in your business. You will be seen to be developing your existing team into future business leaders.
Chartered qualification will build on your employees' technical knowledge, professional skills and practical experience, to ensure that they continue to add value to your organisation throughout their careers. Chartered qualification is a commitment for the employee and they will need to work under a mentor programme for at least three years.
Which employers train their staff to chartered level?
Although the majority of training opportunities for chartered accountants are in public practice, more and more employers are offering training contracts for chartered status.
- Public practice
Including international accounting organisations or smaller accountancy firms, known as small and medium practices (SMPs) - all providing a variety of accounting and business services to clients.
- Industry and commerce
Including major commercial companies, such as those in the manufacturing, retail and telecoms industries.
- Public sector
Including local and central government, educational institutions, charities and not-for-profit organisations. Historically, the public sector has not been a big recruiter/trainer of chartered accountants, but this has increased in recent years.
What is an AAT Accountant (MAAT)?
If your staff don't wish to become chartered they can still can gain professional accountant status with AAT.
To apply to become a full AAT member they will need to successfully complete AAT's Advanced Diploma in Accounting (Level 4), meet our work experience requirements and submit a professional referee. If successful, they will be entitled to use the designatory letters MAAT after their name.
An AAT Accountant (MAAT) can perform the same accounting tasks as a chartered accountant, however they are unable to sign off an auditor's report. AAT professional members are globally recognised - AAT is a full member of IFAC (the International Federation of Accountants).
We're here to help
If you would like advice on AAT's fast track route to chartered status or training for your business, speak to one of our helpful advisors on +44(0)20 3735 2434. Our lines are open Monday to Thursday 09.00-20.00 and Friday 09.00-17.00 UK time. You can also request a call back.