The Institute of Chartered Accountants in England and Wales (ICAEW) was founded in 1880 to establish a professional body for accountants and raise standards across the profession. It aimed to ensure that accountants were trained, qualified, and regulated to provide reliable financial information for businesses, investors, and the public. ICAEW became a cornerstone for professional accounting practice in the UK and internationally.
ICAEW was created in response to the growing complexity of commerce and finance during the late nineteenth century. With expanding trade, industrial growth, and more sophisticated business transactions, there was a clear need for qualified accountants who could ensure accurate financial reporting and uphold public trust. The Institute set professional standards, provided examinations, and enforced ethical practices to enhance the credibility of the profession.
Over the years, ICAEW has developed a rigorous qualification programme known as the ACA (Associate Chartered Accountant). This combines technical accounting, finance, business knowledge, and professional ethics. Members are trained to provide expert advice, audit financial statements, and support strategic decision-making within organisations, ensuring they contribute value beyond traditional bookkeeping.
Today, ICAEW is recognised worldwide, with members across more than 150 countries. Its commitment to professional excellence, ethical standards, and ongoing development has made it a leading institution for accountants. By setting high standards for education, practice, and governance, ICAEW continues to shape the accounting profession and maintain public confidence in financial reporting.
