Level 7 Professional Accountant apprenticeship standard - status
The apprenticeship standard for the Level 7 Professional Accountant is expected in the coming months, subject to approval by the Department of Education. Current information on the standard can be found on GOV.UK.
We are continuing to update this page, and our employer partners, as further information becomes available.
What will CIPFA offer?
As an organisation that is approved to deliver apprenticeship training for employers using the apprenticeship service, CIPFA is on the Register of Apprenticeship Training Providers (RoATP).
AAT Levels 2, 3 and 4
Through the CIPFA Education and Training Centre (CETC), we are a registered training provider for Levels 2, 3 and 4 Accountancy Apprenticeships. Our intention is to work with AAT as the End Point Assessment (EPA) organisation. Further information on our AAT apprenticeships is available here.
Proposed Level 7 Professional Accountant
Through CETC we are a registered training provider for the proposed Level 7 Professional Accountant Apprenticeship. Our intention is for CIPFA (the Institute) to be the EPA organisation at Level 7.
What does this mean in practice?
Employers in England will be able to use their Apprenticeship Levy accounts to fund the training costs of their new and, in some cases, their existing finance trainees who are eligible to transfer across to the new Level 7 Apprenticeship programme when available.
The new Apprenticeship incorporates additional requirements to the existing professional qualification such as employer visits, regular reviews with apprentices and the employer. However, the additional requirements are designed to support the apprentice through the programme and ensure they are fully prepared to successfully complete the programme - and ultimately satisfy the requirements to become a chartered accountant.
The proposed Level 7 Professional Accountant Apprenticeship funding value has yet to be confirmed, however we expect to be offering a pricing structure which is extremely competitive.
What about Northern Ireland, Scotland and Wales?
Although the changes outlined here apply in the main in England alone, we are continuing to work in Northern Ireland, Scotland and Wales to understand the impact of the Levy and how organisations are intending to work around the recruitment and training of AAT and Professional Accounting trainees and apprentices.
We're continuing to work with our current employer organisations and students over the coming weeks, in order to understand requirements, questions and assess the impact around Levy-funded Apprenticeships.
We’ll also be developing systems and processes to ensure that the new methodology is the least bureaucratic it can be.
Since this is a rapidly evolving landscape, we will continue to share information as it becomes available.
A new online learning option for the CIPFA PQ - introducing CIPFA Learning
In addition to the changes around the Apprenticeship Levy, we have some exciting changes for students and employers around the way that students can study the CIPFA PQ.
This summer the CIPFA Education and Training Centre (CETC) we launch our brand new virtual learning environment 'CIPFA Learning'.
Offering a single, integrated suite of interactive teaching and learning tools, CIPFA Learning provides students training for the CIPFA Professional Accountancy Qualification (CIPFA PQ) with an improved, more flexible, learning experience. Find out more.
If you have any questions on the new apprenticeship arrangements, starting a new apprentice - or our new online learning platform, please let us know using the using the appropriate contact forms at the top of this page.
Useful Apprenticeships links:
GOV.UK Apprenticeship funding
Skills Funding Agency