In accounting, AIA can refer to either the Association of International Accountants or the Annual Investment Allowance, each holding distinct significance in the field.
A capital allowance introduced in April 2008 that enables businesses to offset 100% of their capital expenditure in any one year against corporation tax, up to a specified limit. The allowance is available to businesses of any size or legal form and cannot be claimed on non-commercial motor vehicles.
The Association of International Accountants (AIA) is a professional body for accountants committed to promoting the idea of 'international accounting.' Established in the UK in 1928, AIA now boasts members in over 85 countries. Full members can be associates (AAIA) or fellows (FAIA) and are known as international accountants, being part of a Recognized Qualifying Body.
In the UK, a Recognized Qualifying Body (RQB) is an authorized organization permitted to issue accounting qualifications. There are six currently recognized bodies, each providing accredited certifications to accounting professionals.
