Chartered Institute of Financial Accountants

Definition:

a professional institute for internal auditors and others engaged in internal accounting. There are three grades of membership: Licentiate, designated LFA, Associate, designated AFA, and fellow, designated FFA. Licentiates are styled ‘incorporated accounting technicians’. Associates and fellows are styled ‘incorporated financial accountants’. All members must have satisfied the institute’s examination requirements or hold equivalent qualifications. Associates must have been engaged in, or lectured in, accountancy for three years. Fellows must have held a senior position in, or been a senior lecturer in, accountancy for five years.



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