Frequently asked questions

Does CIMA have a consumer credit licence?

• How are members in practice fees calculated?
• Is there a list of CIMA members?
• Can CIMA members audit? What is a reporting accountant?
• Why am I not listed on the practising certificate holders' database?
• What is a continuity arrangement and why do I need one?
• What is professional indemnity insurance and why do I need it?
• What is a reporting accountant and how do I become one?
• Why do I have to be supervised under AML if I only have a few clients and my business has a small turnover?
• Can I use the CIMA logo to promote my services?
• I have been selected for Mandatory Requirement Monitoring. What does CIMA need from me?
• My practising certificate has no expiry date on it. When should I apply for a new one?
• What is CPD and its requirements?
• Can a CIMA student or student with exams completed become a member in practice?
• Why can't I sign a client reference mortgage application?
• I am going to work as a member in practice overseas - can I do this if registered?
• How do I complain about a CIMA member who I feel has overcharged me?
• Does CIMA have a fee arbitration scheme?
• How do I handle a new client whose previous accountant is retaining client information for fee disputes?
• What is CIMA's policy on becoming incorporated? How do I set up my own business?
• Does CIMA have guidelines for fee rates charging?
• Does CIMA have a consumer credit licence?
• Where can I find CIMA's royal charter, byelaws and regulations?
• Would becoming bankrupt or taking an IVA affect my CIMA status?
• What do I do if someone is falsely claiming to be a CIMA member or student?
• What publications are available to CIMA members and students?
• How do I report suspected illegal and fraudulent practices in my organisation?
• Do I need to register as a member in practice to provide services for free?
• How do I access the practising certificate holder logo?
• Do I need to register as a member in practice if I work part time?
• Can CIMA help me in a dispute with my employer?
• Where can I find information about anti money laundering legislation?
• The police have asked me for information about a client. What does CIMA advise?
• Can I become a registered auditor and regulated by another body without joining it?
• Can I use chartered management accountant after the name of a practice with shared ownership?
• Can I sign off club and charity accounts?
• Can I sign off accounts for a charity with an income above GBP500,000?