Introducing IAB and LCCI’s partnership
One of the world’s most recognised business organisations, the London Chamber of Commerce and Industry has supported British businesses for more than 120 years. Throughout that time, its purpose has remained the same: to help businesses grow by developing the skills, knowledge and confidence of their people.
The IAB is proud to partner with such a respected business community. As the awarding organisation and education partner for LCCI qualifications, we are excited to continue the LCCI’s legacy with a new generation of finance professionals.
Awarding organisationInstitute of Accountants and BookkeepersHeritageMore than 120 years supporting British businessesFAQs
The IAB is the awarding organisation and education partner for LCCI qualifications, continuing the London Chamber of Commerce and Industry’s legacy of more than 120 years of British business standards.
Learners who successfully complete three Level 2 or three Level 3 qualifications also achieve an LCCI Diploma, recognising both specialist knowledge and a broader understanding of business and finance.
Centres must be approved by the IAB before entering learners. Approval is covered by an IAB Centre Agreement and ongoing quality assurance. Email the awarding team at ao@iab.org.uk or call +44 (0) 208 187 8888 to start the process.
Each qualification is assessed by one two-hour online examination, set and marked by the IAB and taken under controlled conditions. The paper has 30 questions worth 100 marks. Results are graded Distinction (90% and above), Merit (75% to 89%) or Pass (60% to 74%). Learners can resit once their previous result has been released.
Level 3 opens the door to IAB Member level and practice. Learners awarded IAB LCCI Levels 2 and 3 can achieve AIAB and MIAB professional recognition respectively, and can go on to further LCCI study or IAB Level 4 accounting qualifications.
There are no formal entry requirements for Level 1 or Level 2. For Level 3 Accounting, we recommend learners first achieve the Level 2 Certificate in Bookkeeping and Accounting or equivalent. Learners studying in a language other than English are recommended to have B1 level English (CEFR) or equivalent.
The Institute of Accountants and Bookkeepers has a new brand.
Our refreshed identity marks the beginning of an exciting new chapter
for us. One that reflects who we are and our ambitions for the future.
Inspired by our heritage, but designed for what comes next,
it represents a more connected and forward-looking IAB.
Join us on our journey.
