I’m almost finished with my ICB studies and will have to start looking for work soon. What is the difference between the ICB and ICBA, and which one can offer me professional membership?
The ICB used to have two main roles:
- Assessing qualifications (exams)
- Operating as a professional body – awarding designations, and offering a range of benefits to members.
But in 2013, these two roles were separated. The professional body elements were moved, and put under the banner of a new organisation: The Institute of Certified Bookkeepers and Accountants (ICBA). The ICBA and the ICB have been working very closely together, but for legal and administrative reasons, they are now two separate organisations.
Here’s the difference between the ICB and ICBA:
If you are still currently studying, then your ‘home’ is probably with the ICB. If you have started working or are looking for employment, then it’s a good idea to apply for membership with the ICBA.
Hope that helps!
Don’t forget that I’m here to answer your questions about the ICBA, or just queries about your accounting at work. All you have to do is email me!