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07 Jul 2011
A NEW TAX qualification devised by ICAS will be solely taken by KPMG graduates in its first year, Accountancy Age can reveal.
The ICAS tax qualification will be taken either standalone or combined with the institute's existing CA qualification; it said the qualification had been developed "in consultation with tax practices" and is being supported by Tolley Tax Training.
Further reading
ICAS said the tax practices asked for confidentiality. However, a spokeswoman added: "Over 100 students will be starting the qualification in Autumn 2011, all of whom in the first intake will be from KPMG Tax Business School. We are also in discussion with a number of other firms, of all sizes, throughout the UK, for 2012 and beyond."
A KPMG statement said the firm had been involved in discussions with ICAS about the new qualification. "We have been working together with ICAS to develop the structure of the new qualification," the firm said. "We wanted a qualification that met our business needs together with deep technical and skills elements."
Both ICAS and KPMG said that the firm did not fund the qualification.
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Visitor comments Add your comment
Competition - good for candidates
Good to see some competition in the professional tax body market. We already have competition in the professional accounting bodies e.g. ACCA, ACA, ICAS etc. Therefore this approach does make sense.
It would be interesting to see what ICAS unique selling point would be for prospective candidates.
Also would be interested to know how they would accomodate for non-ICAS qualified accountants who would like to do undertake the ICAS tax exams.
Posted by: Aminoor Rashid, 07 Jul 2011 | 15:10
Open Invitation
This is more of a question than comment.
My question is, is this qualication open to everyone willing to take part ?
I currently work in the public sector and I have a professional accounting qualification (ACCA).
Thanks.
Posted by: George Dipe, 08 Jul 2011 | 07:08
Guinea Pig?
This is the course I'm starting with KPMG in september. When i applied to join as a tax graduate, I applied to do the joint ICAS & CIOT qualifications.
I hope this turns out to be something good and that my first graduate job doesn't involve a role as a qualification testing Guinea Pig.
Posted by: SEM, 29 Jul 2011 | 12:15