Chartered Accountants Ireland will recognise all exemptions granted by CPA Ireland and all examination passes achieved on the CPA Ireland syllabus. CPA Ireland students at the Foundation or Professional Level will be given the opportunity to transition to the Chartered Accountants Ireland syllabus with CAP1 or CAP2 subjects remaining as outlined below. Students at Strategic Level may continue on the CPA Ireland Strategic Level syllabus or switch to FAE. Students who transition to the Chartered Accountants Ireland syllabus will be eligible to sit their FAE exams after completion of the required CAP1 and CAP2 examinations.
| CPA Ireland Syllabus |
Chartered Accountants Ireland Syllabus |
| Students who have passed the below subjects on the CPA Ireland syllabus will be exempt from the equivalent subects on the Chartered Accountants Ireland Syllabus |
|
| Foundation Financial Accounting |
CAP1 Financial Accounting |
| Foundation Management Accounting |
CAP1 Management Accounting |
| Foundation Taxation |
CAP 1 Taxation |
| Professional Corporate Law |
CAP 1 Law |
| Professional Managerial Finance |
CAP 1 Finance |
|
Professional Financial Reporting
|
CAP2 Financial Reporting |
| Professional Performance Management |
CAP2 Strategic Finance & Mananagemnt Accounting |
| Professional Advanced Taxation |
CAP2 Tax |
| Professional Audit & Assurance |
CAP2 Audit & Assurance |
For example, a CPA Ireland student who has completed some or all of the Foundation Level exams and are in a position to sit some Professional Level exams in August 2024 are advised to select Professional Level Corporate Law and Professional Managerial Finance as this will enable them to transition with CAP1 Level complete.
Students who have completed some Professional Level examinations and are eligible to complete their Professional Level in August 2024 are advised to select their remaining Professional Level examinations. This will enable them to transition with only the Strategic Level exams remaining.
At the AGM on 17 May 2024, members of CPA Ireland voted to approve a resolution that would adopt changes to its constitution to facilitate the amalgamation with Chartered Accountants Ireland. Members also voted at a court ordered meeting of members on 17 May 2024 to approve the scheme of arrangement by which the amalgamation is being effected. This follows the mandate of members to amalgamate both Institutes. As Chartered Accountants Ireland members also approved its bye-law amendments, the two Institutes are now continuing to work towards a joint future.
The date of 11 July 2024 has been set for the hearing before the High Court necessary to sanction the scheme of arrangement.
As soon as this phase is completed, we will be in touch with students to advise of next steps where appropriate.
It is anticipated that, subject to approval of the amalgamation by the High Court, that the amalgamation will take effect on 1 September 2024.