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ATT was established on the basis of the British Association of Professional Accountants, taking into account the guidelines of the International Federation of Accountants (The Guidelines for the Education and Training of professional Accountants issued in October 1987) and the guidelines of the Asia-pacific Federation of Accountants (the Memorandum on the Development of Professional Accountants in the Asia-pacific region signed with the Asian Development Bank in December 1982).
For non-profit organizations. It was formed in the context of a shortage of mid-level accountants and auditors in government departments, state-owned enterprises, accounting firms, industrial organizations and commercial companies. AATSL organizes three tests for different groups of people: basic, intermediate and final. The languages used include Sinhala, Tamil and English. The exams are held twice a year, in June and December.
AAT Intermediate Level 3 or Scottish Level 6 is approved for use in the University entrance examination with a credit of 160 UCAS tariff points. This is also included in the KS5 performance table. The final AAT qualification (AAT Advanced Level) is equivalent to QCF Level 4 and SCQF Level 8.
Accounting technicians may perform the same tasks as chartered accountants when proven to be experienced and qualified, but are not allowed to sign company audits. This has nothing to do with AAT licensed accountants, as their customer base is almost entirely made up of micro and small businesses with a small company audit exemption (employing fewer than 50 staff, having a turnover of less than £10.1 million or assets of less than £5.1 million).