 However, AAT also offer higher level qualifications which enable the holder to gain "licensed accountant" status, of which there are 4,250 (2019).Licensed AAT accountants are MAATs (Members of AAT) of if they have five years of experience and an unblemished record they can take advantage of the FMAAT (Fellow) designation.These licensed accountants are exactly the same as Chartered Accountants with one very notable exception, they are not permitted to undertake audit work.