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Becoming a student

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  • FAE

Overview: FAE

The objective of the Final Admitting Examination (FAE) is to assess candidates’ total competency.  With the cumulative principle, the FAE education programme is designed to integrate the knowledge, skills and values derived from earlier studies and the work environment.


Subjects

FAE is broken down into two elements known as FAE Core and FAE Elective. With the cumulative principle, what you learned at CAP1 and CAP2 will be expanded in FAE.

The following course completion criteria are applicable for the 2022/2023 academic year:
“All seven integrated case study workshops within FAE Core education programme are deemed mandatory sessions  with full attendance and engagement expected. The specific online workshops are: Boyne, Claddagh, Finn, Lagan, Lee, Liffey and Shannon”.

Integrated case study workshops provide an environment for students to hone their skills of analysis and application which are critical to success in the FAE examinations.Students who are absent from more than two of the above workshops will be deemed to have not successfully completed the FAE Programme and consequently become ineligible to sit the FAE examination in the 2022/2023 academic cycle.

FAE is broken down into two elements known as FAE Core and FAE Elective.

FAE syllabus (subjects)
FAE Core (compulsory) FAE Elective (choose 1 from below)
FAE core comprehensive Advanced Auditing and Assurance

Advanced Taxation (ROI/NI)
Advisory
  Financial Services *NEW
   Public Sector *NEW 
FAE syllabus (subjects)FAE Elective (choose 1 from below)
 Advanced Auditing and Assurance    

This elective is designed for students who expect to follow a career in auditing. It provides an opportunity for students to obtain the necessary skills to manage audit assignments in conjunction with the Audit Engagement Partner. 

It should be noted that the Audit Elective is a pre-requisite for gaining an auditing certificate for all students qualifying under the FAE programme. For auditing certificate purposes, the elective may be completed as part of the FAE OR post-qualification (in the event that a student chooses an alternative elective for the FAE examination).

Advanced Taxation (ROI/NI)    

This elective is designed for students who would like to strengthen their taxation skills; it gives a deeper understanding of the framework in which taxation operates and focuses on VAT and Capital Taxes in particular.

It should be noted that candidates that successfully pass the Advanced Taxation elective at FAE will be eligible for an exemption from the first stage of Chartered Tax Consultant programme. Candidates can progress directly to the final stage of the CTC programme and achieve the professional tax qualification in six months.

 Advisory    
This elective is designed for students working, or seeking to work, in industry or advisory departments of practice firms. The elective will cover the strategic models that are used to assist organisations/clients in strategic decision making and the implementation and evaluation of business strategies.

 Public Sector   
 This elective is designed for students working, or seeking to work, in the public sector. The focus of this elective is the strategic financial management issues facing those working in, managing and leading finance functions in the public services.
 Financial Services   
This elective is designed for students who are working, or are seeking to work, in the banking or investment funds industries. The focus of this elective is the strategic financial management issues facing those working in, managing and leading finance functions in the Banking and Investment Fund Services industries.

IOB membership for the Financial Services Elective

As part of our partnership with the IoB, students on our Financial Services Elective are eligible for a free membership of the IoB for one year from 1 January to 31 December. To avail of this students will need to fill out a free online registration form on the IoB website.  
Students who would like to continue their membership with the IoB must pay their membership directly thereafter, which is an annual fee of €90.
 
The IoB will contact you when membership is due for renewal. Any queries on this, please email info@iob.ie or call 01 611 6500 and ask to speak with the membership team. Membership of the IoB is optional and has no impact on the Chartered Accountants Ireland qualification or designation.
 
When students complete the Financial Services Elective, they are also eligible to be receive a designation of ‘Accredited Funds Professional’ with the IoB. This is designed to provide lifelong learning to the international investment funds sector. This designation is given by the IoB for free – further details available at https://iob.ie/programme/accredited-funds-professional.

Delivery

FAE runs, thanks to its online only format, across the island of Ireland. Timetables will be available on the student portal closer to course commencement date

Within FAE Core, the education programme gives students a blend of single and multidisciplinary case-based teaching.

Online learning is a good way for students to organise their studies around their work, social or family commitments in a structured, supported environment. Chartered Accountants Ireland is committed to ensuring students achieve success by providing comprehensive materials, online resources, and ensuring that individual support is available. Students who have proven themselves to be self-motivated, disciplined and committed enough to take responsibility for their own learning will benefit most from this course.


Exams

The FAE examination is very different to exams previously sat. The case studies give no specific requirements, there are no specific mark allocations and subjects are not examined in the single discipline. FAE assumes your knowledge and tests your understanding and application of that knowledge in a real business-type scenario. FAE expects students to think like a professional, in an integrated manner, and give the professional analysis and advice expected of a chartered accountant.

The FAE exam contains two elements:

FAE Core: FAE core comprehensive

FAE Elective: One of the electives detailed below must be completed.

  • Advanced Auditing and Assurance
  • Advanced Taxation (ROI/NI)
  • Advisory
  •  Financial Services
  •  Public Sector

Completion of the Advanced Auditing and Assurance elective is a pre-requisite for gaining an audit qualification. Electives are also available for completion post-FAE, as CPD.

Learn More about FAE Exams

FAE

Dates

What's happening

14 Oct 2022 Commencement of FAE 2022/23 programme
3 Dec 2022 AFR Interim Assessment 
31 Oct 2022 Last date for refund/credit of full enrolment fee less admin charge
31 Dec 2022 Last date for request of 50% programme refunds/credits
5 & 6 Jan 2023 FAE 2021/22 2nd sitting exam 
27 Jan 2023  Publication of FAE 2021/22 2nd sitting exam results 
1-9 Jul 2023 FAE 2022/23 mock exams
15 & 17 Aug 2023 FAE 2022/23 main exams
8 Sept 2023 Publication of FAE 2022/23 main exam results 

See All Key Dates for CAP1, CAP2 & FAE

Booklist 2022/23

This is a preliminary booklist for 2022/23 and could be subject to change

 

FAE

 

 

Course

Subject

Title

Author

ISBN

FAE

All

Advanced Financial Reporting Toolkit 2022–2023

 

978-1-913975-36-4

FAE

Core

Cases & Solutions in IFRS 5ed

Cotter

978-1-912350-01-8

FAE

Core

Corporate Strategy for Irish Companies 3ed

Gallagher

978-1-912350-32-2

FAE

Core

Strategic Management and Leadership Toolkit (2020)

 

978-1-912350-87-2

FAE

Core

Information Management Principles (2019)

 

202102

FAE

Core

Problem Solving and the FAE 4ed

Cotter

978-1-912350-33-9

FAE

Core

Cases in Corporate Governance and Business Ethics

Kirwan, McBride and O'Riordan

978-1-912350-14-8

FAE
Core
Student Technical Handbook 2022–2023   978-1-913975-24-1 


FAE Electives

 

 

FAE

Tax ROI

FAE Taxation 3 (ROI) 2022-2023

 

978-1-913975-28-9

FAE

Tax NI

FAE Taxation 3 (NI) 2022-2023

 

978-1-913975-31-9

FAE

Audit

Ethical and Auditing Standards (FRC) (NI ONLY)

 

978-1-912350-45-2

FAE

Audit

Ethical and Auditing Standards Ireland (IAASA) (ROI ONLY)

 

978-1-913975-23-4

 FAE Audit NANGLE External Auditing and Assurance 4ed    978-1-913975-25-8
 FAE  Advisory
MCGETTIGAN Advanced Performance Management

 McGettigan  978-1-908199-99-7
 FAE  Advisory  Advisory Manual    978-1-913975-32-6

FAE

Public Sector

Public Sector

 

 
 FAE Financial Services Financial Services    


* Elective books may not be included in your main books delivery and will be sent out at a later date. 
See All Books List for CAP1, CAP2 & FAE
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