Chartered Accountants who work in practice provide professional financial services to businesses. Auditing, taxation, accounting, financial analysis, risk management and advising on financial structures, are just some of the wide-ranging services provided by Chartered Accountancy Firms.
How to become a Chartered Accountant
Registration of Articles
The student should:
- Register as an articled clerk with an accredited training office (ATO) in Zimbabwe, the list of these ATOs can be found at the ICAZ reception or downloaded here.
- Through the ATO, register as an ICAZ student accountant
The entry requirements to becoming a chartered accountant are as follows:
- You should have an accounting degree of not more than three years
- If your degree is more than 3 years you will have to do a one-year bridging course before proceeding to ZCTA
- Be attached to an accredited training office. You can do the CTA and ITC program without the training but you will not be allowed to sit for the final APC exams without these (more detail on the attached list)
We have three service providers for the CTA program CAA, NUST and UNISA, these service providers only enrol students who have accounting degrees which are not more than 3 years.
For the UNISA program, the ZCTA program is offered by UNISA in conjunction with ICAZ where 4 modules are offered by UNISA and one module Zim Tax module is offered by ICAZ. This program has no exemptions, all five modules are written in one sitting and all have to be passed at once. It’s very unfortunate that ICAZ is no longer facilitating registrations on behalf of students as such you are required to log onto the UNISA website at www.unisa.ac.za and submit your online application. Applications are expected to open during August/ September please log onto the UNISA website during this period and apply.
We also encourage you to place your application for CTA with our local service providers CAA (Chartered Accountants Academy) or NUST.
- Requirements for Membership ApplicationsFor one to apply for membership they need to submit the following: Registration FeeUSD 402.50PAAB Registration FeesUSD 402.50Annual Subscriptions(pro-rata basis)The following Certified documents are required:
- Degree Certificates
- ZCTA Certificate
- FQC Certificate
- Letters discharging your training records and training contract
- Application Form duly completed.
- Requirements for a Letter of Good Standing
- CPD HRS It is a requirement that all members serve at least 20 CPD hours a year and cumulative 120 CPD hours over three years. This determines if you are technically up-to-date. Please indicate the number of CPD hrs over the above periods in your application and also provide a confirmation letter from your organization (where you attended the courses) of the CPD hours that you attained.
- SUBSCRIPTIONS Current-year subscriptions should be fully paid. ii. CODE OF PROFESSIONAL CONDUCT Please state if you have abided by the legislation and by-laws that govern the accounting profession conduct in Zimbabwe or the country you are residing in. Click here for your copy. iii. EMPLOYERS LETTER A letter from your current employer stating that you have been acting in a professional manner during the conduct of your duties. iv. CURRICULUM VITAE Please provide us with a copy of your CV. v. PAYMENT You will be required to make a payment of USD50 for the letter. We will start processing the letter as soon as you submit the requirements also note that it takes a maximum of three working days to be ready.
- Completion of the form below: Letter of Good Standing Declaration and Clearance FormWe will start processing the letter as soon as you submit the requirements also note that it takes a maximum of three working days to be ready.
- Requirements for Membership Applications those wishing to convert under the reciprocal agreement’s member of a body that has a reciprocal agreement with ICAZ can become a member of ICAZ after producing the following:
- Letter of good standing from the reciprocal body
- Membership application form and its requirements
- Paying the required application fees.
- Requirements for Application for a Practising CertificateFor one to apply for a practising certificate, they need to:
- Be a fully registered member of ICAZ
- Have attained at least 20 CPD hours for the current year
- Complete the Practising Certificate Application
- Form Provide proof of professional Indemnity or subscribe through ICAZ
- Requirements for Application to PAABFor one to be registered with PAAB, they need to:
- Be a fully registered member of ICAZ
- Complete the PAAB Application Form
- Pay the required fees
- Fees for different registrations
- ICAZ Registration USD402.50
- ICAZ Practising Certificate Application Fee USD200
- ICAZ Certificate Replacement Fee USD80
- PAAB Registration USD250
- PAAB Practising Certificate Registration USD300
- PAAB Certificate replacement Fee USD150 Student Initial Registration Fee USD60
- Application for Remission of Training Contact Fee USD20
- Application for Transfer of Training Contact Fee USD20
- Application for Suspension of Training Contact Fee USD20
- Current subscriptions
- Local member USD530
- Non-Resident USD403
- Articled Accountant Zimbabwe USD300 Articled Clerks Annual Subscription USD95
- Requirements to Register a Training OfficeFor an organization to be registered as a training office the following should be satisfied:
- At least 1 Chartered Accountant within that organization
- The application form should be completed and submitted to ICAZ for the Education Committee
- The registration fee (USD1000) is to be paid upon Accreditation.
- PC Form
- Cancellation form
- Member’s Application form
- Form P A A B 1 Application Form for Registration as a Public Accountant
- Form P A A B 2 Application Form for Registration as a Public Auditor
- Remission Form
- Suspension Application Form
- TIPP Accreditation form
- TOPP Accreditation application form
- Training Contract Form
- Transfer Application Form
On completion of the APC and after training records have been discharged one can then apply to become a member of the Institute of Chartered Accountants of Zimbabwe. After which one can use the designation CA(Z). Please note that it is an offence to use the designation CA(Z) if you are not a member of ICAZ.
How long does it take to become a CA in Zimbabwe?
After completing the whole three years and all exams, one can then apply to be admitted as a member of the Institute of Chartered Accountants in Zimbabwe upon approval begin to use the designation CA (Z).
How much do Chartered Accountants earn in Zimbabwe?
Chartered Accountant (CA) Jobs by Salary
|Chief Financial Officer (CFO)||Range:$72k – $143k||Average:$117,916|
|Financial Controller||Range:$0 – $0 (Estimated *)||Average:$25,000|
|Accountant||Range:$0 – $0 (Estimated *)||Average:$34,000|
|Audit Clerk||Range:$0 – $0 (Estimated *)||Average:$27,500|
How long does it take to complete CTA in Zimbabwe?
Lectures and examinations for the part-time CTA program are held at our Harare campus and our mobile campus in Bulawayo. Students go through the CTA part-time program over a two-year period broken down into CTA 1 and CTA 2.
What qualifications do you need to become a chartered accountant?
To qualify as chartered and retain that status, they must:
- Pass a series of demanding accredited exams in financial management, auditing, business strategy and taxation, after a minimum of three years of training.
- Get relevant work experience across a wide range of clients and industries approved by their professional bodies.
Where can I study ACCA in Zimbabwe?
ACCA Fundamentals | business-courses | Schools | Speciss College Zimbabwe.