AIA members are professional qualified accountants having undertaken the AIA’s professional qualification, or equivalent. All AIA members must undertake Continuing Professional Development, adhere to AIA practising regulations and abide by the International Federation of Accountants (IFAC) Code of Ethics.
AIA is regulated by the Financial Reporting Council (FRC) and the Irish Auditing & Accounting Supervisory Authority (IAASA), and has supervisory status for its members in the Money Laundering Regulations 2007.
AIA QUALITY ASSURED
AIA monitors practices to ensure that our members are maintaining the high level of professionalism expected from them. The AIA Practice Monitoring programme incorporates quality assurance and anti money laundering compliance aspects. Upon successful completion of a Practice Monitoring visit, the practice will be awarded the 'AIA Quality Assured' logo and is given in recognition that the practice has committed to:
- Maintaining high professional and ethical standards;
- Implemented robust and suitable anti money laundering measures; and
- Establishing the appropriate systems and procedures to comply with the AIA’s practising regulations.
WHAT DOES THIS MEAN FOR CLIENTS?
Using a professionally qualified accountant means you are putting your business in safe hands. AIA members have committed to a professional qualification and are required to undertake continuous study to ensure they are up-to-date with changes in the profession.
Whilst AIA makes every effort to ensure all members meet high professional and ethical standards, are abreast of changes in the profession and maintain their career knowledge through CPD, AIA Quality Assured status does not guarantee the accuracy of technical advice, however, AIA members in public practice must have professional indemnity insurance to cover the risk in the unlikely event that they give you bad advice or are negligent in handling your affairs. On those rare occasions when something does go wrong, you can complain about their behaviour to AIA, who can begin disciplinary action.
Members that are supervised by AIA under the Money Laundering Regulations 2007 are also subject to a Practice Monitoring process.