| DESCRIPTION: |
| N/A |
| AWARDING CRITERIA |
| For the Professional Designation to be awarded, professionals must comply with the following minimum requirements: |
| Underlying Registered Qualification or Part Qualification: |
| A qualification in Law, Accounting or a Business Management with a minimum NQF Level 7. |
| Experiential Learning or Experience |
| An applicant should have at least five years' practical experience as a Practicing Accountant/Commercial Lawyer or a Business Manager. |
| Competency Assessment |
| A 3 hour written evaluation followed by a 2-hour oral evaluation, conducted by a registered IAC assessor. |
| Designation RPL Statement |
| This Designation may be awarded through Recognition of Prior Learning. |
| RETAINING CRITERIA |
| In order to ensure the currency of professional knowledge and to retain the Professional Designation, the professional must comply with the following minimum requirements: |
| Code of Conduct |
| Members must adhere to the Professional Body Codes of Conduct and Ethics. |
| Continuing Professional Development (CPD) |
| 20 hours per year in total, of which:
12 hours must be verifiable/structured.
4 hours must be business rescue related.
8 hours' non-core but have the elements of Tax, Finances, Company Law and Commercial Law.
8 hours not verifiable/unstructured, e.g., reading material, etc. |
| Fees |
| Ensure that the annual membership fee is paid. |
