Examination, Exemption and Membership Fees

Fees & Guidance Notes

* An additional annual subscription of £15.00 is payable for each Diploma or Certificate designation which a member is entitled to use (e.g. a Member who has additionally been awarded the Diploma in Computerised Bookkeeping can use the designatory letters MICB. CB.Dip and would pay an annual fee of £66.00 + £15.00 = £81.00)

** A person who at the time of application or renewal, is receiving benefits (contact the ICB for up-to-date list of allowable benefits) or who has reached 60 years of age (whether or not they have actually retired) is entitled to a 50% reduction in his or her membership fee. Photocopies (not originals) of supporting documentation should be attached to your application. Please note that examination fees, upgrade fees, Practising Certificate fees and exemption fees are not subject to this reduction.

*** Any member in practice must apply for an annual Practising Certificate. They must hold a current Certificate of Professional Indemnity Insurance and be willing to abide by the Rules of Professional Conduct of the Institute. Practising Certificate application forms and details of the Institute’s Professional Indemnity Insurance scheme are available from the Membership Department.

Notes

1. Annual subscriptions cover a full twelve month period commencing on the first day of the month immediately after the month that an application is approved and thereafter fall due on the first day of that month in each successive year unless written termination of membership is received at least one month before the end of the current subscription year.

2. Students and members who satisfy the relevant assessment criteria or who gain the required working experience may apply in writing to upgrade their membership at any time. Members wishing to apply for upgrade through work experience should submit names and addresses of two qualified accountants (ICAEW, ACCA OR CIMA) who are willing to support their application.

3. Exemptions from sitting an assessment level will be granted where suitable evidence of comparable achievement exists.

4. All supporting documentation should accompany the application form. All supporting documents should be photocopies only - do not send originals.

5. No designatory letters accompany the grades of Registered Student or Affiliate Member (unless the relevant additional qualifications have been completed).

6. Improper use of Institute designatory letters is strictly forbidden.