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Is IAB a ‘not for profit’ organisation and how does it operate?
As a non-profit membership organisation, the IAB focuses on providing support and guidance throughout a member’s career and our new name will ensure that we can continue to do this for future generations as the financial industry evolves in its roles and responsibilities.
How Do I Apply for Membership?
To register for membership, please complete the application form on the IAB Website here.
Who can become a member of the IAB?
IAB-UK membership is available to residents of England, Wales, Scotland, Northern Ireland, The Channel Islands and the Isle of Man.
Overseas residents are eligible to join with IAB-Overseas membership
What is IAB Professional Membership and what does it cost?
Professional membership is available for those who have gained a relevant bookkeeping qualification from IAB or another awarding body.
Alternatively, you can also become a member of the IAB by assessment, in a short knowledge test if you have no relevant qualifications. The cost to complete the test is £60.00 (£75 if you take it independently, outside of the IAB)
Professional membership provides access to IAB services, resources and many exciting benefits and members are entitled to use the designatory letters: AIAB, MIAB or FIAB.
Membership Levels and fees effective October 2020 are as follows:
AIAB – Associate £100 per year
MIAB – Membership £125 per year
FIAB – Fellow £145 per year
Alumni – For those who are no longer practicing but still wish to keep in touch and up-to-date. £225 for 3 years
To ensure all our members meet the same high standards; we require proof of an annual basic DBS check, dated less than 6 months old, on application or renewal of membership
To undertake the knowledge test please contact the membership team on +44 (0)208 187 8888 or membership@iab.org.uk.
To register for membership, please complete the application form on the IAB Website here.
What is IAB Professional Membership? How is IAB involved with government and standard setting bodies to promote the professional integrity of bookkeepers?
The IAB works with government as well as standard setting bodies to promote the professional integrity of bookkeepers.
IAB is connected at national level and represents its members and students professional needs. Including for example
• UK National Risk Assessment (Publication)
• Sector Guidance – Information Sharing Expert Working Group)
• AML Supervisors Form
• AASG (Accountancy AML Supervisors Group)
• Treasury Employment & Payroll Group
• Agent Support Group
• Companies House Accountancy Round Table
• AML Supervision Ministerial Round Table
What qualifications do I need for professional membership?
Membership is available for those who have gained a relevant bookkeeping qualification at minimum, Level 2 from IAB or another awarding body.
Alternatively. for those who are skilled in bookkeeping but do not yet hold a formal qualification we offer a route to membership by undertaking an industry standard online knowledge test.
To undertake the knowledge test please contact the membership team on +44 (0)208 187 8888 or membership@iab.org.uk.
To register for membership, please complete the application form on the IAB Website here.
I am a skilled bookkeeper but without formal qualifications can I still be a member of IAB?
Yes, you can. IAB recognise that many practitioners may have experience and training without having obtained a formal qualification. We provide a route to membership using a professional and widely recognised online test provider. You can take a test to demonstrate your Bookkeeping knowledge and qualify for IAB Membership.
To undertake the knowledge test please contact the membership team on +44 (0)208 187 8888 or membership@iab.org.uk.
What are the different grades of professional membership?
The IAB offers 3 three levels of professional membership:
Associate (AIAB)
Member (MIAB)
Fellow ( FIAB)
We also offer Alumni – for those who are not practising anymore but still want to keep in touch and up-to-date.
When does my membership start and when will I need to renew?
IAB membership commences from the month your application is accepted, upon receipt of your membership fee and proof of a basic DBS check, which dated within the past 6 months.
Membership is renewable every twelve months. You will receive reminders, commencing 6 weeks prior to your expiry date, to ensure you do not allow your membership to lapse. You will also be required to provide an annual DBS check upon renewal, dated within the past 6 months.
What are the benefits of IAB membership?
The moment you join the IAB as a fully-fledged member, you open the door to exclusive opportunities to grow your career – and build your future.
Membership with the IAB offers our members’ a variety of exciting benefits. You become part of a larger family which is run by Bookkeepers for Bookkeepers. You’ll benefit from:
• Access to the Croner-i helpline, where you can receive free tax, payroll and HR advice, normal cost is £3500 per year.
• Use of designatory letters
• Access to a wide range of support, resources and discounts on professional products.
• Receiving all the latest industry updates and news from the IAB through our monthly e-newsletter, podcasts, and the highly commended quarterly printed magazine, ‘IAB Connect’.
• Opportunity to join one of our UK based Ambassador networking groups where you can share your experience and gain valuable support from your fellow members.
• Monthly coffee mornings with guest speakers on a live Q&A call, where we provide industry related information, which count towards your CPD points
• Resources, Webinars, templates and guidance notes
• IAB Benefits: Exclusive discounts
• Social Media and Facebook Groups
Does IAB provide ‘Anti Money Laundering Supervision’ for my practice?
Yes, the IAB is an approved statutory AML supervisor and has authority to supervise its professional members operating in the UK.
Since 2007, any person offering services for bookkeeping, accounting or payroll administration must have a valid licence issued by a Professional body Supervisor, such as IAB.
If you require Anti-Money Laundering supervision with the IAB, you will need to hold Professional membership at either Member (MIAB) or Fellow (FIAB) status
The IAB annual AML Supervision fee is £175
Once registered for AML supervision with the IAB you are then able to provide services to the public.
IAB Supervision provides:
• Certificate of AML Supervision for your business practice.
• Access to best practice and up-to-date legislative guidelines.
• Guidance and access to training in relation to the Anti Money Laundering Regulations.
• Oversight to check that your practice is compliant and to identify gaps and areas for improvement.
In turn, as a supervised practice you must put in place the necessary procedures to deter money laundering and terrorist financing and comply with the regulations.
For further information on AML Supervision please take a look at the IAB website here.
For further assistance please contact the membership Team on +44 (0)208 187 8888 or membership@iab.org.uk.
Is AML Supervision included within my IAB Membership?
No, Separate registration for AML supervision is necessary. There is an application process, and you will need to prepare so that your business practice is compliant with AML Regulations.
For further information on AML Supervision please take a look at the IAB website here.
For more advice on how to apply for IAB supervision, please contact the Membership Team on +44 (0)208 187 8888 or membership@iab.org.uk.
What are DBS checks and why are they necessary?
Integrity is a key issue across the financial services sector and IAB requires evidence of a DBS check to approve your membership application, which is dated within the past 6 months. The IAB will require proof of an DBS check annually, dated within the past 6 months, upon renewal of your membership.
DBS checks are a government service that confirms there are no convictions for a ‘relevant offence’ under the AML Regulations.
(Relevant convictions would also legally prohibit registration for AML Supervision)
There are different levels for DBS checks. IAB require only the ‘Basic’ version. These are arranged by the individual direct with the DBS service who will provide them with a certificate (or similar electronic version) which the individual then forwards to IAB.
All DBS check information provided to IAB is treated carefully and confidentially.
This UK government site provides information and guidance about DBS checks:
https://www.gov.uk/guidance/basic-dbs-checks-guidance
IAB recommends that members use one of the three UK devolved Government DBS.
England & Wales : https://www.gov.uk/request-copy-criminal-record?
Northern Ireland: https://www.nidirect.gov.uk/campaigns/accessni-criminal-record-checks?
Scotland: https://www.mygov.scot/disclosure-types/?
The IAB will only accept a DBS certificate from the Gov.uk site or one of the following recommended Government Responsible Organisations.
Responsible Organisations – GOV.UK (www.gov.uk)
Note: Proof of your DBS certificate will only be accepted if it is dated within the past 6 months, upon application or renewal of your membership.
For more information regarding DBS Checks, please take a look at the IAB Website here.
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