Joint Insolvency Examination (JIE)
JIE Syllabus and Examiners Reports Scotland
If you would like to become a Licensed Insolvency Practitioner, you must first pass the Joint Insolvency Examination Board’s exams (JIEB)
To sit the exams, you must first register with one of the recognised professional bodies, such as the IPA.
The 2020 JIE application form will be available here prior to the November sitting.
About the Joint Insolvency Exams
The JIEB exams are held once a year in November on two consecutive days.
There are two papers: Please note 2018 is the first year of Computer Based Examinations (‘CBE’) for all those undertaking the papers. Further information on CBE here.
Paper 1 – Corporate Insolvency
Paper 2 –Personal Insolvency
Joint Insolvency Examination 2020 Announcement from The Joint Examination Board
You are permitted to take into the assessment the Butterworths Insolvency Law handbook 22nd edition or any previous edition. It is for you to decide which edition to take into the assessment. However, for 2020 you should note that is it likely that the 22nd edition, when published, will incorporate changes to legislation and other material either (1) that will have come into force after 30 April 2020 and are not therefore examinable in 2020, and/or (2) or not examinable as a result of The Joint Examination Board’s announcement that the papers in 2020 will not have been amended to reflect the economic business or financial impact of the Covid-19 pandemic.
It is your responsibility to ensure you have a copy of the permitted text for your assessment. Only bound copies of the text will be permitted – photocopies are not allowed. Candidates may not share a text. The text may only be annotated with underlining, side-lining and highlighting. Page tabs may be used but must not be written on. Invigilators are instructed to check text to ensure these regulations are adhered to.
You must not take nay other books or paper into the assessment hall.
What is involved?
The standard required to achieve JIEB qualification is equivalent to that which is required for final qualifying examinations set by recognised professional accountancy and legal bodies.
Each paper is three and a half hours in length and consists of a mixture of written and numerical questions on practical insolvency issues. These are open book exams and candidates need to bring with them their own copy of the Butterworths Insolvency Law Handbook. Candidates should check that they are using an edition that is appropriate to the syllabus that is being examined.
The JIEB exams may test legislation which is not covered within Butterworths. Candidates should have a good understanding any other relevant legislation and case law which may be applicable.
Examination questions are usually based on the relevant law and guidance in force on 30 April that year. Questions do not require more recent case law, but demonstrating knowledge of any that is relevant will attract additional marks.
Am I eligible to sit the JIEB exams?
Following the removal of the Early Entry Examinations, there are no longer any educational standards required before an application can be made to sit the JIEB exams. However, the exams test the practical knowledge and skills which a Licenced Insolvency Practitioner would gain through their day to day working life and are known to be particularly testing.
R3 recommends that candidates do not attempt the examination without at least three years’ practical insolvency experience covering each of the areas to be examined.
All candidates are required to apply for examination through a Recognised Professional Body such as the IPA.
2018 Examinations the position from 2018 onward.
About the results
The JIEB exam results are usually available at the beginning of March. The pass mark for each paper is that determined by the Joint Insolvency Examination Board, but is never more than 50%. Each candidate receives either a ‘bad fail’, ‘fail’, ‘marginal fail’ or ‘pass’ for each paper. No other performance feedback is provided by the Joint Insolvency Examination Board.
Are you Ready?
The JIEB exams continue to be an extensive set of examinations which rigorously test candidates’ knowledge of insolvency law & practice.
Candidates who successfully achieve JIEB qualification (and have sufficient insolvency experience) are able to apply for their insolvency licence and will be fully prepared to tackle the difficult tasks which lie ahead.
Although demanding, working as an Insolvency Practitioner can also be one of the most challenging, involving and rewarding. It is a varied and fascinating career to pursue – a career that will eventually grant you a wealth of business experience & technical knowledge across a range of industries.
For further information please visit the JIE website.