Can someone please explain to me the fundamental differences between the two as I am at a loss.
I need to decide which to go for.
Both the ACA and the ICAEW are indeed highly recognised and valued across the globe. The ACA as a premier financially-based business qualification and the ICAEW as a world leader in the accountancy and finance profession. The reference to 'England and Wales' in the company name stems from our foundation in 1880 by Royal Charter. Clearly, there is a balance between preserving a heritage which has been granted by Royal Charter and showing our global influence. We increasingly use the term ICAEW rather than the full name, and we have a website with a .com address rather than a UK specific one. I have also added some global facts about the ACA and ICAEW below:
More than 84% of FTSE 100 companies have at least one ACA on their board. Of the 20 professional accountants on the '2009 Financial Power list', 75% are ACA qualfied (source: Accountancy Age). 55 FDs in the FTSE 100 are ACA qualified vs 5 who are ACCA qualifed (from Accountancy Age April 2009). ICAEW past presidents (Arthur Cooper, William Welch Deloitte, Edwin Waterhouse etc) have gone on to form today's global Big Four firms.
The ICAEW is the only professional body to be invited to join the World Economic Forum. We were a founder member of the Global Accounting Alliance (GAA) which represents 775,000 professional accountants around the world. We have been appointed by the World Bank to help further develop the accountancy profession in key African countries and to develop their university accountancy curriculum and we were appointed by the United Nations (UN) to provide a detailed assessment of IFRS throughout Europe.
You can get more information about ACA on our website.
Or if you would like to talk to someone at ICAEW about ACA you can contact us on call us on +44 (0)1908 248 250 or email us at: firstname.lastname@example.org
My favorite is ACCA