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Hi David
Welcome to the forum!
I will try to answer some of your questions.
Unfortunately you will not get exemptions against your AAT qualification as it was not completed in the last two years. However, your experience could well get you some exemptions; you will need to contact the ICB directly regarding this (I think you need two references from Chartered Accountants, but not 100% certain).
The Practice Licence covers you for Money Laundering regulations and gives you access to different parts of the forum, amongst other benefits. Even if you was to go 'Freelance' you would still need covering for Money Laundering Regs (by law), which can be done through HMRC, however, I believe the Practice Licence is cheaper with the added benefit of being covered by a Bookkeeping Institution (always looks better to be accredited, in my opinion anyway!).
Up to and including Level 3 qualifications will not, at present, give you any exemptions for the actual ACCA qualifications, but will give you an exemption for a lower ACCA FIA paper, but will get more with your AAT anyway. This may change.
Hope this helps
Best regards
Kerry
Edited at 20 Apr 2012 12:50 PM GMT
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