3 Mergers, Acquisitions, and Corporate Restructuring25%
4 Ethics, Governance, and Sustainability20%
Exam Details
Question TypesMultiple Choice (Certificate Level), Written (Professional and Advanced Level)
FormatComputer-based (Certificate Level); Written paper (Professional and Advanced Level)
Online ProctoringNot available
ID RequirementsValid government-issued photo ID. ICAEW student registration number required for booking. Name must match ICAEW registration.
RenewalNot required -- ACA qualification does not expire. ICAEW members must complete a minimum of 40 CPD hours per year to maintain membership and practising certificate. Ongoing CPD is mandatory for practising members.
PrerequisitesAll three ACA Professional Level papers must be passed before attempting Advanced Level.
Retake PolicyExams are offered in March/June/September/December windows. Students may attempt each paper multiple times; full fee required for each attempt. No maximum attempt limit, but progress reviews apply under training contract rules.