•RIGHT TO BE APPOINTED AS AUDITOR
An AATWA member cannot be appointed an auditor of a company by virtue of CAMA 2004[Amendment]. The recognized bodies are ICAN & ANAN. AATs can work as audit technicians conducting & performing the audit procedures. But he cannot sign off the audit report.
•RIGHT TO SIGN OFF TAX RETURNS & PRACTICE TAX PLANNING WORK
In Uk, taxation is not a particularly restricted service. A taxpayer is solely liable for misstatements on the returns. AAT holders in UK can and do practice taxation in all is ramifications. But the case is not the same in Nigeria. Taxation is restricted to ICAN, NBA & CITN members by law . Technically only CITN controls the practice of tax, but a recent MOU provides that holders of ACA and LL.B (Barrister) can get the certification on application without exams. CITN is the Chartered Institute of Taxation of Nigeria and it issues the ACTI certificate. AATs can serve as tax technicians, doing the computations & drafting the returns but not signing off.
RIGHT TO PRACTICE BANKRUPTCY
Only lawyers & ACAs , for the most part, can practice Insolvency. AATWA members cannot practice this field.
RIGHT TO OPEN AN ACCOUNTING PRACTICE
Again, ABWA & ICAN don’t issue practice license to AAT holders. This means that an AAT cannot establish a firm. At least not legally. So this, in summary, means that an AAT lacks many of the the specs of full fledged accountants. But they are suitable assistants to the qualified ones.
Outside the restricted services & power listed above, AAT holders can and do practice other areas of ACCOUNTING in all ramifications. But his work would ideally be supervised by an ACA.