SLC869316
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I currently work for a big4 audit firm, however due to recently failing one of my ICAS exams, my contract is being terminated. Does anyone have any advice on how to go about getting a new training contract (I.e are recruitment agencies helpful with this/is it best to wait until September when the grad roles are posted again by firms?) I’m also not sure which firms to look into, as I’m aware of other well known firms having similar exam policies and so I’m not sure how likely it would be for many of them to accept people who have been let go by a big4 firm.
With regards to the qualification, does anyone know if firms In England/Wales generally accept ICAS over ICAEW? I was placed on ICAS as part of a firm-wide trial but from looking at advertised jobs, ICAS only seems to be undertaken by Scottish firms so I’m not sure where I stand if I want to continue my studies. This has come as a shock so any help with this would be greatly appreciated
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ajj2000
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Hey, sorry to hear. For people to be able to give clearer answers we'd need to know:

- how long you have worked in the profession - and to confirm you worked in audit
- how many exams you have passed
- which region of the country.
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SLC869316
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(Original post by ajj2000)
Hey, sorry to hear. For people to be able to give clearer answers we'd need to know:

- how long you have worked in the profession - and to confirm you worked in audit
- how many exams you have passed
- which region of the country.
I’ve been in the profession for 18 months in financial services external audit. I’ve passed my first level (6 exams) and I’m currently in the south west so hoping to get another job in Bristol/Cardiff or near surrounding areas.
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ajj2000
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(Original post by SLC869316)
I’ve been in the profession for 18 months in financial services external audit. I’ve passed my first level (6 exams) and I’m currently in the south west so hoping to get another job in Bristol/Cardiff or near surrounding areas.
18 months is decent. If you have some time it would be worth skimming through the last 2-3 years of posts on this forum as there have been a number of people in your position. Message them to see what their experiences were and what they learned.

If I were you I'd look at the websites for the top 30 firms in your region and see if they are advertising any positions or have a way to upload a CV/ application. Also - in case it matters - see how ICAS exams transfer to ICAEW exemptions in case they only offer one route. I'm sure ICAS have a student support/ counselling number - you should ring them as they tend to be really good.

From recollection, people in your situation have generally moved onto mid sized firms and been pretty happy with their new jobs.
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AW_1983
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(Original post by SLC869316)
I currently work for a big4 audit firm, however due to recently failing one of my ICAS exams, my contract is being terminated. Does anyone have any advice on how to go about getting a new training contract (I.e are recruitment agencies helpful with this/is it best to wait until September when the grad roles are posted again by firms?) I’m also not sure which firms to look into, as I’m aware of other well known firms having similar exam policies and so I’m not sure how likely it would be for many of them to accept people who have been let go by a big4 firm.
With regards to the qualification, does anyone know if firms In England/Wales generally accept ICAS over ICAEW? I was placed on ICAS as part of a firm-wide trial but from looking at advertised jobs, ICAS only seems to be undertaken by Scottish firms so I’m not sure where I stand if I want to continue my studies. This has come as a shock so any help with this would be greatly appreciated
I've read your background below and given you have six exams under your belt already you should be pretty well placed to find an alternative firm although most would not *normally* offer ICAS in your region. That said, I think trying to change to ICAEW would be a bit messy in trying to work out recorded work experience and what exemptions you could get. I suspect smaller firms might be flexible because they'd be getting a part qualified employee with a Big 4 background, and maybe the mid-tiers would be too in your unique circumstances.

Another option of course is that you move into industry because ICAS, unlike ICAEW, does have a route in industry provided you are mentored by a chartered accountant. That opens your options up more and industry will tend to be more flexible about the qualification you do. What industry did you specialise in?
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